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Jun 19, 2015

Insight – Water wars in California’s coastal wine country

PASO ROBLES, CA (Reuters) – By most measures, California’s Central Coast wine industry is thriving.

Between 1990 and 2014, harvested wine grape acreage in the growing region around Paso Robles nearly quintupled to 37,408 acres, as vintners discovered that the area’s rolling hills, rocky soil and mild climate were perfect for coaxing rich, sultry flavours from red wine grapes.

Jun 19, 2015

Insight – Water wars in California’s coastal wine country

PASO ROBLES, CA (Reuters) – By most measures, California’s Central Coast wine industry is thriving.

Between 1990 and 2014, harvested wine grape acreage in the growing region around Paso Robles nearly quintupled to 37,408 acres, as vintners discovered that the area’s rolling hills, rocky soil and mild climate were perfect for coaxing rich, sultry flavours from red wine grapes.

Jun 19, 2015

Water wars in California’s coastal wine country

PASO ROBLES, CA, June 19 (Reuters) – By most measures,
California’s Central Coast wine industry is thriving.

Between 1990 and 2014, harvested wine grape acreage in the
growing region around Paso Robles nearly quintupled to 37,408
acres, as vintners discovered that the area’s rolling hills,
rocky soil and mild climate were perfect for coaxing rich,
sultry flavors from red wine grapes.

Jun 1, 2015

KFC China sues three companies amid eight-legged chicken rumors

By Lisa Baertlein

(Reuters) – Yum Brands Inc’s KFC unit in China said
on Monday it has sued three companies it claims are using a
popular messaging service to spread false rumors about the
fried-chicken chain, including allegations that its chickens
have six wings and eight legs.

The legal maneuver comes as KFC, which suffered two food
safety scares within two years, fights to win back customers in
China, which is Yum’s top market for revenue and profit.

May 28, 2015

Sanderson Farms CEO sees more pressure on chicken prices

May 28 (Reuters) – Sanderson Farms Inc, the
third-largest U.S. poultry producer, said lower prices for
boneless breasts and bulk leg quarters contributed to
softer-than-expected net sales and profit last quarter and
warned that a production ramp-up could leave processors with
more birds than they can handle this fall.

The news sent shares in Laurel, Mississippi-based Sanderson
down 3.5 percent to $81.56.

May 22, 2015

McDonald’s CEO gets grilled at first annual meeting

LOS ANGELES/BOSTON (Reuters) – McDonald’s Corp (MCD.N: Quote, Profile, Research) shareholders defied executives at its annual meeting on Thursday, approving a proposal to make it easier to nominate directors to the board of the fast-food chain and taking its new CEO to task over wages, advertising and its food.

McDonald’s Chief Executive Steve Easterbrook, who took the helm on March 1, is fighting on numerous fronts as he works to turn around the company, which saw profit and revenue fall in 2014 after service times slowed and nimbler rivals picked off customers with menus that appeal to growing appetites for fresher, less-processed food.

May 21, 2015

McDonald’s shareholders approve new director-nomination rules

LOS ANGELES/BOSTON, May 21 (Reuters) – McDonald’s Corp
shareholders on Thursday approved a proposal that would
make it easier to nominate directors to the board of the
fast-food chain, which is in turnaround mode after losing
customers and sales to competition and after internal missteps.

Investor support for such new director nomination rules,
referred to as “proxy access,” is growing.

May 21, 2015

McDonald’s shareholders to weigh director-nomination rules

LOS ANGELES/BOSTON, May 21 (Reuters) – McDonald’s Corp
shareholders will vote Thursday on a proposal that would
make it easier to nominate directors to the board of the
fast-food chain, which is in turnaround mode after losing
customers and sales to competition and after internal missteps.

Investor support for such new director nomination rules,
referred to as “proxy access,” is growing.

May 20, 2015

Pension fund leaders challenge McDonald’s and others on buybacks

BOSTON/LOS ANGELES, May 20 (Reuters) – Four U.S. public
pension fund officials on Wednesday warned that McDonald’s Corp
and other companies may be jeopardizing their own
futures by returning excessive amounts of cash to investors via
share buybacks.

The statement by the fund officials marks the first time in
which some of the nation’s biggest institutional investors have
joined up to urge companies to rethink their focus on immediate
returns and aim for long-term growth.

May 18, 2015

SEIU seeks FTC probe of McDonald’s and other franchisors

LOS ANGELES, May 18 (Reuters) – The Service Employees
International Union, backer of a three-year campaign to improve
the plight of low-wage fast-food and retail workers, on Monday
petitioned the Federal Trade Commission to investigate alleged
abusive practices by major franchisors, including McDonald’s
Corp and 7-Eleven Inc.

SEIU’s petition outlined six U.S. franchisor practices it
called endemic and “particularly harmful” in the latest salvo in
a broad campaign to pressure McDonald’s Corp to improve working
conditions and raise wages for restaurant employees, who also
are seeking to unionize.

    • About Lisa

      "Lisa writes about restaurants and grocery stores. She is based in Los Angeles and previously has covered computer software, Internet companies, video games, prescription drugs and municipal bonds."
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