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May 12, 2014

Hillshire to buy Pinnacle, in merger of meat and veggies

By Siddharth Cavale and Lisa Baertlein

(Reuters) – Hillshire Brands Co said on Monday it would buy Pinnacle Foods Inc in a $4.3 billion deal that will combine its lineup of Jimmy Dean sausages and Hillshire lunch meats with Pinnacle’s Birds Eye frozen vegetables and Vlasic pickles.

Shares of Hillshire fell 5 percent after the announcement of the cash-and-stock deal, which analysts said dashed some investor hopes that Hillshire would be bought by a larger company.

May 8, 2014

McDonald’s April global restaurant sales rise; U.S. flat

May 8 (Reuters) – McDonald’s Corp reported global
sales growth at established restaurants for April on Thursday
that met expectations, as a rebound in Asia helped offset
disappointing sales in Europe and flat results from the United
States.

The world’s biggest restaurant chain by revenue said
worldwide sales at restaurants open at least 13 months grew 1.2
percent last month, matching analysts’ average estimate,
according to Consensus Metrix.

Apr 30, 2014

Asian shares rise, Euro faces pressure

NEW YORK (Reuters) – By Lisa Twaronite

TOKYO, April 30 (Reuters) – Asian shares firmed on Wednesday after earnings-fuelled gains on Wall Street, while the euro remained under pressure after weaker-than-expected German inflation data raised speculation of more easing in Europe.

Investors stayed cautious before central bank decisions from the Bank of Japan and then the Federal Reserve later in the session, as well as key U.S. jobs data on Friday.

Apr 22, 2014

McDonald’s profit falls, U.S. diners not ‘lovin’ it’

By Lisa Baertlein

(Reuters) – McDonald’s Corp (MCD.N: Quote, Profile, Research, Stock Buzz) is getting back to basics after a string of disappointing quarterly results in its home market of the United States, which accounts for 30 percent of overall revenue.

The fast-food giant has reported roughly two years of turbulent sales at established U.S. restaurants due to sluggish economic growth, stiffer competition and internal missteps that have complicated menus and slowed service.

Apr 17, 2014

U.S. barbecues grow pricier as beef, pork reach record highs

April 17 (Reuters) – With the Chicago weather finally
getting a little nicer, Chris Anderssen wanted to grill some
burgers outside for a group of family and friends. When she got
to the meat aisle at her local Jewel-Osco supermarket, a case of
sticker shock made her change the menu: extra lean ground beef
was $4.99 a pound.

“Five adults, four teenagers, that’s a lot of hamburger to
buy,” said Anderssen, a 42-year-old mother of two who works as
an office manager. She bought chicken instead for $2.99 a pound.

Apr 17, 2014

Chipotle raising prices as steak, avocados, cheese costs rise

April 17 (Reuters) – Chipotle Mexican Grill Inc on
Thursday said it will increase menu prices for the first time in
nearly three years, fueled by all-time high costs for steak as
well increasingly expensive avocados and cheese.

Shares of the popular burrito chain jumped as much as 6.5
percent on top-line results, but retreated 1.4 percent to
$544.68 in midday trading after executives said they expect food
costs to head even higher.

Apr 16, 2014

Vermont steps closer to passing GMO food-labeling law

April 16 (Reuters) – The Vermont Senate passed a bill on
Wednesday that would make it the first U.S. state to enact
mandatory labeling of foods made with genetically modified
organisms, or GMOs.

Unlike bills passed last year in Maine and Connecticut,
which require other states to pass GMO labeling laws before they
can be enacted, Vermont’s contains no such trigger clause.

Apr 16, 2014

Vermont Senate passes mandatory GMO food-labeling law

By Carey Gillam and Lisa Baertlein

(Reuters) – The Vermont Senate passed a bill on Wednesday that would make the state the first in the United States to enact mandatory labeling of foods made with genetically modified crops.

“We are really excited that Vermont is going to be leading on this,” said Falko Schilling, a spokesman for the Vermont Public Interest Research Group, which backed the bill.

Apr 10, 2014

Wal-Mart partners with Wild Oats to roll back prices on organic food

April 10 (Reuters) – Wal-Mart Stores Inc wants
Americans, even those on a budget, to buy more organic food.

The retailer that leads U.S. stores in grocery sales said on
Thursday it struck a deal to sell Wild Oats brand organic foods
at non-organic prices.

Apr 3, 2014

Coke and investor spar over 2014 compensation plan

LOS ANGELES (Reuters) – Wintergreen Advisers, which says it owns more than 2.5 million shares of Coca-Cola Co (KO.N: Quote, Profile, Research, Stock Buzz) on behalf of clients, on Thursday intensified its critique of the proposed 2014 equity compensation plan of the world’s biggest soda maker.

David Winters, the chief executive officer of Wintergreen, outlined his concerns with the compensation plan late last month in letters to Coca-Cola’s directors and investors, including Warren Buffett, CEO of Berkshire Hathaway Inc (BRKa.N: Quote, Profile, Research, Stock Buzz), which is Coca-Cola’s largest shareholder.

    • 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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