Find out how much cheaper it is making your own hamburgers vs. dining out.
Find out how much cheaper it is making your own hamburgers vs. dining out.
Starbucks (SBUX) said it will soon make a major announcement about a new product for the single-serve market. The company is preparing for the expiration of its agreement with Kraft Foods (KFT), Reuters reported. Under the terms of the agreement, which expires March 1, Starbucks provides coffee for Kraft%u2019s Tassimo one-cup home brewer.
Health care providers have been reporting unprecedented shortages of prescription drugs, including vital medications such as chemotherapies and antibiotics. Under current law, the FDA has no power to act, so two senators have introduced a bill to help government get a handle on the problem.
Chipotle (CMG), the chain restaurant serving Mexican food, fired hundreds of workers in Minnesota after receiving notice from Immigration and Customs Enforcement that they had "suspect documents." The ICE began its probe of Chipotle in Minnesota, where the company employs about 1,200 workers, The Wall Street Journal reported. The probe has since spread to Chipotle restaurants in Virginia and Washington, DC.
Starbucks on Tuesday said it would give away a free 12-ounce bag of its ground house-blend coffee to any customer not satisfied with its Via instant coffee during the next seven months.
Savings experts calculate the savings you get when brewing your own coffee versus chain stores such as Starbucks.
McDonald's will increase prices on some items in the U.S. this year in response to rising commodity prices that are boosting food costs, Chicago Breaking Business reported, citing remarks the company made on its earnings conference call Monday.
Jason Bauer, CEO of the popular Crumbs Bake Shop, isn't worried about competition in the cupcake business. In fact, he welcomes it. But with his company going public and plans in place to expand from 34 stores to 200, can he avoid the pitfalls of other dessert companies that rose too fast and fell?
Starbucks is partnering with India-based coffee-bean provider Tata Coffee to help it open its first retail stores in India.
Tasty Baking (TSTY), the maker of Tastykakes, said it is looking at options including a merger or sale as the company feels the pressure from declining sales. The company is also facing "unanticipated operational challenges" related to its bakery in Philadelphia%u2019s Navy Yard, CEO Charles Pizzi said, according to The Associated Press. The company has now lowered projected savings in the fourth quarter to $10 million from $13 million.
Starbucks, the world's largest coffee-shop chain, on Wednesday unveiled a new logo that retains its iconic green mermaid but no longer includes the word "coffee," reflecting the company's efforts to expand sales through a broader array of menu and consumer-product items.
The ice cream drinks have been a fast-food favorite for decades. Now, McDonald's is considering giving them a new look -- serving the shakes in see-through plastic cups instead of the current white paper cup familiar to customers the world over.
Sara Lee (SLE) has been in discussions to sell itself to Brazilian meat company JBS. Talks have been taking place intermittently for several months, Reuters reported without naming its sources. The companies have disagreed over the price of food beverage company Sara Lee and it is not clear that they can reach a deal.
McDonald%u2019s (MCD) is planning a massive expansion in China as it seeks to take advantage of rapid economic growth and burgeoning consumer demand. The restaurant giant will boost investment in China by 40% in 2011, The Wall Street Journal said. The company is planning to build as many as 200 new restaurants across the country.
Florida declared a state of emergency because of the threat of damage to crops from cold weather. Temperatures in central and northern Florida could fall as low as 26 degrees Fahrenheit tonight, Bloomberg News reported.
McDonald%u2019s (MCD) said that sales at stores open at least one year rose 4.8% in November from a year earlier. Comparable sales rose 4.9% in Europe and the United States, and by 2.4% in the rest of the world, the company said in a statement.
Yum Brands Inc, (YUM) owner of the KFC and Pizza Hut brands, is taking aim at the fast-growing African market for fast food. The company, based in Louisville, Ky, plans to double the number of KFC restaurants in Africa to 1,200 by 2014, The Wall Street Journal said. It hopes to double its revenue from the continent to $2 billion over the next four years.
Blackstone Group (BX) and Chinese food company Bright Food Group plan to bid for GNC Holdings, Bloomberg News reported. The purchase of vitamin and nutrition- supplement retail chain GNC could be announced as soon this month, Bloomberg News said without naming its sources.
PepsiCo (PEP) will buy a 66% stake in Russian food and beverage company Wimm-Bill-Dann Foods for $3.8 billion. The deal will make Pepsi the largest food and beverage company in Russia, the company said in a statement. It will also boost annual global revenues from "nutritious and functional foods" to almost $13 billion from around $10 billion today.
Weight Watchers International (WTW) unveiled the successor to its iconic calorie-counting Points program. The PointsPlus program will not only identify the number of calories in a foodstuff, but also favor food that the body works harder to convert into energy and steer the weight-conscious away from food with excess sugar and fats.
Hormel Foods Corp. (HRL) reported earnings of 90 cents per share for the final quarter of fiscal 2010, compared with 77 cents per share a year earlier. Sales rose 23% from a year earlier to $2.1 billion, the company said in a statement.
Tyson Foods (TSN) reported earnings of 57 cents per share for the fourth quarter of fiscal 2010, compared with a loss of $1.23 per share a year earlier. The company reported goodwill impairment charges of 7 cents per share in the quarter, up from $1.50 per share a year earlier.
Heinz Co. (HNZ) reported earnings per share from continuing operations of 78 cents for the quarter ended Oct. 27, compared with 76 cents per share a year earlier. Sales for the second quarter of fiscal 2011 fell 1.2% to $2.61 billion, the company said in a statement. The decline was due to currency movements, the statement said. Organic sales in emerging markets rose 10.2%.
McDonald's Corp. (MCD) raised the prices of some of the items on its menu in Chinese stores because of higher costs. The increase "is because of higher raw material prices and we've adjusted our prices accordingly," Sophia Luan, spokeswoman for McDonald's China, told Dow Jones Newswires.
Wendy%u2019s / Arby%u2019s Group (WEN) reported a net loss of $900,000 for the third quarter, compared with a profit of $14.7 million for the third quarter of 2009. Revenues at the fast-food company dropped to $861.2 million for the quarter, compared with $903.2 million a year earlier, the company said in a statement. Sales at stores open at least one year fell 1.7% in North America.
San Francisco could become the first U.S. city to ban toys from Happy Meals after its Board of Supervisors approved the rule Tuesday.
Starbucks (SBUX) plans to reduce the number of stores it renovates in 2011 as it focuses on flagship outlets, Bloomberg News reported. The company will leave its renovation budget unchanged at $250 million, but renovate only about half the 1,900 stores due to be upgraded next year, development chief Arthur Rubinfeld told Bloomberg News.
Sweet could get expensive. Raw sugar prices may rise to the highest in more than 30 years by March if dry weather hits the Brazilian sugar crop, broker Newedge USA told Bloomberg News.
Dieters looking for a little extra willpower to avoid putting junk food in their grocery carts might want to leave their credit cards at home. New research shows that buying groceries with plastic instead of good old-fashioned folding money makes people more likely to buy unhealthy foods.
Coca-Cola Company (KO) may increase its spending in China, according to CEO Muhtar Kent. Coke, the world%u2019s largest beverage company, will likely spend "a little more" than the $2 billion it had planned for China from 2009 to 2011, Kent told Bloomberg News.