Category: Food

Tyson’s New CEO: The Future of Food Isn’t Meat

Tyson Foods' new CEO is on a mission to change people's perception of the iconic brand-which has faced chicken abuse and price-fixing charges. Hayes says he is now pushing the 80-year-old meat processor towards sustainability, plant-based … The new CEO of one of the world’s largest meat processors, Tyson Foods Inc., sees plant-based protein as a big part of the food industry’s future.

There’s one key factor that shows why organic milk is…

But as it turns out, there may be one type of milk that’s nutritionally superior: the organic kind that comes from grass-fed animals. Michael Tunick, a research chemist at the U.S. Department of Agriculture and author of ” The Science of Cheese ,” told Business Insider that the difference has to do with what the cows eat.

Go Inside Hershey’s Wildest Ideas on How You Will Shop for Food in the Future

Hershey is taking its 123-years’ experience making chocolate and other confectionery and using it to help turn around the slumping retail industry in large part because its M&M sales are dependent on it. “We’ve gotten to the point where grocery shopping is such a chore and now there’s all this pressure coming from e-commerce and you can really get your groceries anywhere, so now we have retailers saying ‘Hey, how are we going to compete in this new landscape?”, Lina Yang, director and futurist of strategic foresight at Hershey’s Advanced Technology Lab told TheStreet .

These Are the Signs of a Healthy Stock Market

It wasn’t an up day for the markets, but it’s great news when a critical IPO goes off without any major problems, says Jim Cramer. Today was a sign of a healthy market, Jim Cramer told his Mad Money viewers Thursday, as the much heralded IPO of Snap went off without a hitch.

Australia cracks down on visas for fast food industry

Australia will largely end granting visas to foreign workers to fill jobs in the fast food industry, the nation’s immigration minister has said. Since 2012, more than 500 foreign staff have been granted a visa – known as 457 – to work at businesses including McDonald’s, KFC and Hungry Jack’s.

Hershey, With Scant Global Traction, to Cut 15% of Workforce

Hershey lags so far behind its international competitors, that it was no surprise when it announced Tuesday it would slash 15% of its workforce, mostly outside the U.S., to amp up profitability. Internationally, the Hershey, Pa.-based chocolate maker has been losing market share to such rivals as Mondelez , owner of Cadbury confectionery, and privately held Ferrero and Nestle .

Price drop

It’s the only thing they can afford to eat at the moment. “I go to the kitchen and there’s no fish, nothing,” he says.

Kraft Withdraws Offer to Merge with Unilever

U.S. food company Kraft Heinz Co has agreed to withdraw its proposal for a $143-billion merger with larger rival Unilever Plc , the companies said on Sunday. Kraft had made a surprise offer for Unilever in a bid to build a global consumer goods behemoth, although it was flatly rejected on Friday by Unilever, the maker of Lipton tea and Dove soap.

Kraft’s Unliever Bid is a Bullish Growth Play – Just Not in the U.S.

Kraft Heinz’s surprise play for Unilever marks a contrast to President Donald Trump’s “Buy American, Hire American” economic policy, as the Warren Buffett-led food giant seeks growth outside the U.S. Kraft Heinz ‘ s surprise play for Unilever plc marks an interesting contrast to President Donald Trump’s “Buy American, Hire American” economic policy, as the Warren Buffett-led food giant seeks growth in non-U.S. markets. Kraft’s $50 per share bid for the maker of Dove soaps and Ben & Jerry’s ice cream values the group at around $143 billion, Unilever said Friday, but nonetheless has “no merit, either financial or strategic” for the company’s shareholders.

European Benchmarks Fall, But London Bucks Trend on Takeover Activity

European benchmarks fell on Friday as the so-called Trump-trade appeared to fade, but London bucked the trend among its continental cousins after drawing a boost from takeover activity and the recovery of formerly ex-dividend stocks. The FTSE 100 closed 0.30% higher at 7,299 while the DAX in Germany was flat at 11,757 and the CAC 40 in France fell by 0.65% to 4,867.

Kraft in talks to buy Europe’s Unilever

At left, in a March 25, 2015, file photo, a Heinz ketchup sign is shown on the side of the Senator John Heinz History Center in Pittsburgh. At right, also in a March 25, 2015, file photo, the Kraft logo appears outside of their headquarters in Northfield, Ill.

Millions to fight food industry sway, from a snack bar CEO

A $25 million pledge to fight the food industry’s influence on public health is coming from a surprising source – the CEO of a snack bar maker. Kind founder Daniel Lubetzky says he’s pledging his own money to create a group called “Feed the Truth” dedicated to revealing corporate influence in the nutrition field, with activities like education campaigns and investigative journalism.

Flowers Foods Coasts Ahead, Disappointing Investors

Yet the truly novel thing about Flowers is how it has done such a good job of building up a national presence in an industry that is typically dominated by local competition. Coming into Monday’s fourth-quarter financial report, Flowers investors were hoping to see at least some growth in sales and earnings, but the bakery company wasn’t able to deliver the pace of expansion that most shareholders really want to see.

Hain Celestial Shares Drop After Disclosing SEC Investigation in Friday News Dump

In a regulatory filing late Friday, Hain Celestial Group disclosed that it’s being investigated by the Securities and Exchange Commission for its accounting practices, sending shares down 3.5%, to $38.53, in after-hours trading. The filing stated that the SEC has “issued a formal order of investigation” and subpoenaed Hain for “relevant documents” after being informed in August of the delay of its fourth quarter earnings release.

Panera Bread Rises Higher on Solid Growth, Optimistic Outlook

At the same time that it has sought to use ingredients in its menu items that consumers can trust, Panera has also worked hard to keep up with changes in the marketplace that have changed the way customers want to place orders and have items ready for them when they arrive. Coming into Tuesday’s fourth-quarter financial report, Panera investors had high hopes that the fast-casual company would be able to keep its sales and income growing at a steady pace.

The soup business has grown cold. Inside Campbell’s plan to turn up the heat.

In the research and development kitchen at Campbell Soup, chef Todd Lyons spent much of the past 18 months fine-tuning a batch of new recipes. Would shoppers go for chicken noodle soup with kale added as a healthful twist? Would a cauliflower soup seasoned with dill land in their shopping carts? Lyons was creating the culinary prototypes for two of three new lines that the packaged-food empire has rolled out on supermarket shelves in recent months.

Labor nominee Puzder’s confirmation hearing delayed a fourth time

Amid mounting opposition from Democrats and labor groups, the confirmation hearing for labor secretary nominee and fast-food chief executive Andrew Puzder has been delayed a fourth time. A new hearing date will not be set until the Senate receives key paperwork laying out Puzder’s financial disclosures and detailing his plan for avoiding future conflicts of interest, according to an aide for Sen. Lamar Alexander , the chairman of the Senate Committee on Health, Education, Labor and Pensions.

Get fit on the cheap? No sweat

In this June 13, 2016 photograph, Wanda Downs, left, assists Christie Purvis of Tallulah, La., with an incline bench press using dumbbells during their training session at Wyatt’s Gym in Vicksburg, Miss. Health clubs and gyms have dropped their rates … and initiation fees sharply in the years since the recession, according to the International Health, Racquet & Sportsclub Association.

Advisers could land $100 million payday from Actelion sale

Advisers could pocket up to $100 million in fees from Johnson & Johnson’s $30 billion acquisition of Swiss biotech firm Actelion , the largest takeover of a European healthcare business in more than a decade. Four investment banks will share the advisory pot; J&J could cough up $30-$40 million in fees to its advisers, Lazard and Citi, while Actelion is expected to pay $45-$60 million to Bank of America and Credit Suisse, according to estimates from Thomson Reuters/Freeman Consulting.