U.S. corn futures matched their all-time high Monday on increased concerns federal forecasters will slash their supply outlook this week. Get the full story »
Filed under: Food
Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.
Sbarro files for bankruptcy
A Sbarro Inc. employee serves patrons at a restaurant in Columbus, Ohio. (Reuters_
Pizza chain Sbarro Inc. said Monday it filed for Chapter 11 bankruptcy protection under a plan that would remove more than half of the company’s total debt. Get the full story »
April 4 at 12:01 a.m.
Comments Off
Filed under: Advertising/Marketing, Food, Franchises, Jobs/employment, Restaurants McDonald’s to hire 50,000 in April
To nab the attention of top-flight job candidates, McDonald’s is tackling the image of a “McJob” with a weeks-long advertising and public-relations campaign leading up to April 19, when McDonald’s Corp. plans to hire 50,000 store-level employees.
FDA wants more food places to list calories
The Food and Drug Administration, which has proposed posting calorie information at chain restaurants and on vending machines, suggested a broader mandate Friday afternoon, to include airplanes, bowling alleys and other places where food is sold. Get the full story »
Snoop Dogg slingin’ Four Loco rival, Blast
Look out, Four Loko. There’s a fruity-booze rival coming to the market — Blast from Colt 45 — and rapper Snoop Dogg is its pitch man.
Blast, produced by Pabst Blue Ribbon’s Colt 45, is an alcoholic drink but does not contain caffeine, the ingredient that got Four Loko and a group of partying college students in trouble last year. Get the full story »
Pepsi preparing to launch mid-calorie pop
PepsiCo Inc. is getting ready to slim down this summer by offering a mid-calorie version of its Pepsi Cola, an industry publication reported Friday.
The new drink, called Pepsi Next, will have 40 calories per 8-ounce serving, or 60 calories per 12-ounce can, according to Beverage Digest. Get the full story »
Sbarro reportedly in bankruptcy talks
Sbarro Inc., the fast-food pizza chain that dots shopping-mall food courts around the world, is preparing to file for Chapter 11 bankruptcy protection as soon as next week, said people familiar with the matter. Get the full story »
Beef leading commodity price surge
Last year, consumer spending on beef totaled $74.3 billion. (AP Photo/Jayme Halbritter)
Surging commodity prices have consumers paying more for groceries such as eggs, milk, cereal and particularly beef.
In February, the average retail price per pound for beef was $3.87, up 12.4 percent from a year earlier, according to market research firm FreshLook Data. Get the full story »
FDA panel rejects food dye/hyperactivity link
Current data have not established that artificial food dyes cause hyperactive behavior in the general population of children, a U.S. Food and Drug Administration advisory committee said on Thursday. Get the full story »
Kraft CEO’s pay falls 27% in 2010 on unmet goals
Kraft CEO Irene Rosenfeld speaks at a town hall meeting at Kraft's headquarters in Northfield, Feb. 5, 2010. (William DeShazer/Chicago Tribune)
Efforts at Kraft Foods to more closely align executive compensation with company performance took a large bite out of Chief Executive Irene Rosenfeld’s 2010 pay package, the company disclosed Thursday in its annual proxy statement.
Rosenfeld’s overall compensation fell almost 27 percent, to $19.3 million, from $26.3 million in 2008, according to documents filed with the Securities and Exchange Commission. Get the full story »
Dunkin’ Donuts parent eyes IPO
A Dunkin' Donuts in Posen, Ill. (Zbigniew Bzdak/Chicago Tribune)
Private equity-backed Dunkin’ Brands Inc. is considering an initial public offering of about $500 million in the second half of 2011, sources familiar with the situation said.
The IPO could be as large as $750 million, one of the sources said. Two or the sources said that there is disagreement among the sponsors over the company’s valuation. All of the sources said the discussions are preliminary and could change. Get the full story »
McDonald’s boosts exports to Japan after quake
McDonald’s Corp. has been forced to step up imports to Japan of items like sauces, oil and lettuce by between 10 percent and 20 percent to counter supply-chain disruptions and damage from the earthquake and resulting tsunami. Get the full story »
Hershey raises candy prices by nearly 10%
Hershey's 5th Avenue candy bars and York Peppermint Patties arranged for a photograph in Reading, Pa. (Bradley C. Bower/Bloomberg News)
Hershey Co. announced a 9.7 percent increase in prices on its chocolates and other candies, paving the way for similar actions from competitors.
The world’s largest chocolate maker is aiming to offset soaring costs for ingredients such as sugar, the price of which has more than doubled in the past year, and cocoa, which jumped earlier this year, but has since retreated somewhat. Get the full story »
Fortune Brands sued over vodka lip design
From the Las Vegas Sun | A southern Nevada company that markets flavored vodka is suing industry giant Fortune Brands Inc. and its Jim Beam Brands Co. unit, alleging trademark infringement. Get the full story »
March 28 at 1:09 p.m.
Comments Off
Filed under: Beverages, Food, Government, Litigation, Regulations New beer-label bout brewing in Michigan
(Image via Flying Dog)
A Maryland brewery is accusing Michigan’s liquor commission of censorship after the panel rejected labels for a beer that features an expletive in the name.
Flying Dog Brewery has filed a federal lawsuit in Grand Rapids asking that a judge override the commission’s decision to reject labels for “Raging B—-” beer and allow the brew to be advertised and sold in Michigan. Get the full story »
