Lisa's Feed
Nov 13, 2013

Starbucks says $2.76 billion Kraft split was necessary

By Lisa Baertlein

(Reuters) – Starbucks Corp (SBUX.O: Quote, Profile, Research) on Wednesday said breaking up with Kraft was hard to do, but worth the high price, a day after an arbitrator ruled it must pay a whopping $2.76 billion (1.72 billion pounds) for ending the companies’ grocery coffee partnership early.

The world’s biggest coffee chain on Wednesday said it would restate results for the latest quarter to show an operating loss and issue debt following the bigger-than-expected break-up fee.

Nov 13, 2013

Starbucks to restate results to show loss from Kraft damages

Nov 13 (Reuters) – Starbucks Corp will restate
results for the latest quarter to show an operating loss and
will issue $750 million in debt after an arbitrator ruled that
it must pay $2.76 billion for ending its grocery coffee deal
with Kraft Foods early.

Kraft Foods Inc split into two companies in October 2012,
Kraft Foods Group Inc and Mondelez International Inc
. Under an agreement between those two companies,
Mondelez will receive all proceeds from the Starbucks-Kraft
dispute.

Nov 12, 2013

Starbucks to pay $2.76 billion in Kraft grocery rift

By Lisa Baertlein

(Reuters) – Starbucks Corp must pay Kraft Foods $2.76 billion after it ended the companies’ grocery deal at least three years early, the coffee chain said on Tuesday.

Mondelez International Inc spun off Kraft Foods, its North American grocery operations as an independent company in October 2012. Under an agreement between those two companies, Mondelez will receive all proceeds from the Starbucks-Kraft dispute.

Nov 12, 2013

Yum China sales down 5 percent in October

By Lisa Baertlein

(Reuters) – KFC and Pizza Hut parent Yum Brands Inc (YUM.N: Quote, Profile, Research, Stock Buzz) on Tuesday said October sales at established restaurants in China fell a less than expected 5 percent, as it fights to recover from a chicken safety scare and bird flu outbreak in its top market.

The October sales result included an estimated decline of 7 percent at KFC and a 10 percent rise at Pizza Hut Casual Dining. The average of estimates from analysts polled by Consensus Metrix was for a October sales drop of 5.8 percent.

Nov 6, 2013

Starbucks wants to recruit 10,000 vets, spouses

By Lisa Baertlein

(Reuters) – Starbucks Corp is looking for thousands of good men – and women.

The world’s biggest coffee chain said on Wednesday it would commit to hiring at least 10,000 veterans and spouses of active military in five years.

Nov 6, 2013

Starbucks wants to recruit 10,000 vets, spouses to its ranks

Nov 6 (Reuters) – Starbucks Corp is looking for
thousands of good men – and women.

The world’s biggest coffee chain said on Wednesday it would
commit to hiring at least 10,000 veterans and spouses of active
military in five years.

Nov 3, 2013

Insight: U.S. farm kids lavish shampoos and drugs on their prize cattle

DALLAS (Reuters) – For more than a century, ranchers and their kids have paraded cattle around the dusty show ring at the State Fair of Texas in Dallas, in a rite of passage that is part farm economics, part rural theater.

Today, with U.S. auction prices for champion cattle topping $300,000 a head and hefty scholarship checks for winners at stake, the competitive pressures are intense. It’s no wonder animals with names like Beast or Chappie get the farm version of luxury spa pampering – shelter from summer heat, baths with pricey shampoos and careful coiffing with electric razors.

Nov 3, 2013

U.S. farm kids lavish shampoos and drugs on their prize cattle

DALLAS, Nov 3 (Reuters) – For more than a century, ranchers
and their kids have paraded cattle around the dusty show ring at
the State Fair of Texas in Dallas, in a rite of passage that is
part farm economics, part rural theater.

Today, with U.S. auction prices for champion cattle topping
$300,000 a head and hefty scholarship checks for winners at
stake, the competitive pressures are intense. It’s no wonder
animals with names like Beast or Chappie get the farm version of
luxury spa pampering – shelter from summer heat, baths with
pricey shampoos and careful coiffing with electric razors.

Oct 31, 2013

Analysis: For Merck, bringing cattle feed Zilmax back won’t be easy

By P.J. Huffstutter and Lisa Baertlein

(Reuters) – U.S. pharmaceutical giant Merck & Co (MRK.N: Quote, Profile, Research, Stock Buzz) faces significant challenges bringing its controversial feed additive Zilmax back to market in the United States and Canada, even after a vote of confidence from South Korea on Thursday.

South Korea plans to begin accepting meat from cattle raised with the muscle-growing supplement early next year, a senior official in the country’s food ministry said, opening the door to beef imports after a government risk assessment found the additive could be permitted at certain levels.

Oct 31, 2013

For Merck, bringing cattle feed Zilmax back won’t be easy

Oct 31 (Reuters) – U.S. pharmaceutical giant Merck & Co
faces significant challenges bringing its controversial
feed additive Zilmax back to market in the United States and
Canada, even after a vote of confidence from South Korea on
Thursday.

South Korea plans to begin accepting meat from cattle raised
with the muscle-growing supplement early next year, a senior
official in the country’s food ministry said, opening the door
to beef imports after a government risk assessment found the
additive could be permitted at certain levels.

    • 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."
    • Follow Lisa