Latest news on ‘Food & Beverage’
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Kroger 2Q Net Falls 7.9%, Cuts Forecast; Shrs Dn
NEW YORK (Dow Jones)–Changing shopping habits and aggressive discounting by competitors is causing Kroger Co. (KR) to change its pricing strategies on the fly, contributing to disappointing fiscal second-quarter earnings.
The [...] -
Stitzer’s M&A Roots Signal Cadbury-Kraft Fight to a Knock Out
(Bloomberg) — Todd Stitzer engineered more than 40 transactions after joining Cadbury Plc as a Harvard- and Columbia-trained mergers and acquisitions lawyer. Now as chief executive officer, he’s testing his [...]
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Campbell Soup quarterly profit beats estimates
By Brad Dorfman
CHICAGO (Reuters) – Campbell Soup Co (CPB.N) posted a higher-than-expected quarterly profit on Friday, helped by higher prices and increased sales of condensed soup and Prego pasta sauce [...] -
General Mills will top internal Q1 goals
Minneapolis / St. Paul Business Journal – by Sam Black Staff Writer
Because its brands are growing well and its profit margins are improving, General Mills Inc. said its first quarter [...] -
Suntory in Talks to Buy Orangina From Blackstone, Lion Capital
(Bloomberg) — Suntory Holdings Ltd. is in talks to buy European drinkmaker Orangina from Blackstone Group LP and Lion Capital Holdings Inc. as Japan’s third-largest brewer continues an expansion outside [...]
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McDonald’s Same-Store Sales Slow In August; Up 2.2%
NEW YORK -(Dow Jones)- McDonald’s Corp.’s (MCD) same-store sales rose 2.2% in August, with slowing growth in the U.S. highlighting the fast-food chain’s sensitivity to high unemployment and a fierce [...]
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Smithfield Foods CEO Sees Hog Sector ‘Inflection’
CHICAGO -(Dow Jones)- The head of Smithfield Foods Inc. (SFD) said Tuesday the U.S. hog industry is stepping back from near-extinction as production cuts counter a glut of pork.
Larry Pope, [...] -
Cadbury Sour on Kraft Bid
By DANA CIMILLUCA, ILAN BRAT and JULIE JARGON
Cadbury PLC’s quick rejection of Kraft Foods Inc.’s surprise £10.2 billion ($16.73 billion) takeover offer sets the stage for a drawn-out battle that [...] -
Del Monte Posts Profit, Raises Outlook
By MIKE BARRIS
Del Monte Foods Co. swung to a fiscal first-quarter profit as price increases and cost cuts combined with volume gains to boost the canned-foods and pet-food company’s bottom [...] -
OpenTable shareholders may sell 3.3 million shares
SAN FRANCISCO (AP) — OpenTable Inc. said on Wednesday it has filed a registration statement with the Securities and Exchange Commission to offer 3.3 million more shares owned by current [...]
