Lisa's Feed
Apr 3, 2014

MillerCoors says probe shows ex-employees embezzled millions

LOS ANGELES (Reuters) – MillerCoors, a U.S. joint venture between SABMiller Plc and Molson Coors Co, on Thursday said it had uncovered a multi-year scheme in which two former employees allegedly embezzled several million dollars.

“Based on an extensive internal and external investigation, MillerCoors believes former employee David Colletti embezzled several million dollars from the company over several years and that former employee Paul Edwards was involved to a lesser extent in the scheme,” company spokesman Jonathan Stern said in a statement.

Mar 30, 2014

Kraft challenged by “healthier” macaroni and cheese brands

LOS ANGELES (Reuters) – Kraft Macaroni & Cheese has been a favorite meal for generations of American children, but smaller brands made with more natural ingredients are starting to nibble at its market share, part of a trend that is biting into growth at large U.S. food companies.

Zenobia Godschalk, an Atlanta mother of two young boys, stopped buying Kraft’s “mac and cheese” after reading its complicated ingredient list. Now she buys Annie’s organic version in bulk at Costco Wholesale Corp (COST.O: Quote, Profile, Research, Stock Buzz).

Mar 5, 2014

Darden cancels investor meeting as activists turn up heat

LOS ANGELES, March 5 (Reuters) – Darden Restaurants Inc
has canceled its analyst and investor meeting slated for
later this month as two activist shareholders lobby for bolder
steps to improve performance at its chain eateries, ranging from
Olive Garden to Capital Grille.

Rather than hold the meeting, which was scheduled for March
28, the company will meet individually with analysts and
investors, a spokesman said on Wednesday.

Mar 3, 2014

Activist investor says Darden CEO has lost its confidence

By Lisa Baertlein

(Reuters) – The activist investor seeking to split Darden Restaurants Inc into two companies said on Monday it has lost confidence in its chief executive’s ability to run the company.

Barington Capital Group LP wants Darden to put its more-mature Olive Garden and Red Lobster brands into one company and its higher-growth chains, including LongHorn Steakhouse and the Capital Grille, into another. It also has called on the company to create a publicly traded real estate investment trust (REIT) to unlock the value of its property holdings.

Mar 3, 2014

Most investors in survey back Pepsi split; Buffett opposes

LOS ANGELES, March 3 (Reuters) – Investor Warren Buffett and
some Wall Street fund managers are divided on activist Nelson
Peltz’s renewed proposal to split PepsiCo Inc’s robust
snacks division from its beverage business.

The packaged food and beverage industry has been dogged by
lackluster demand, leading growth-seeking activist investors to
demand spinoffs and deep cost cuts to “unlock” value.

Mar 3, 2014

Buffett opposes Peltz’s Pepsi split plan; surveyed investors like

LOS ANGELES (Reuters) – Investor Warren Buffett and some Wall Street fund managers are divided on activist Nelson Peltz’s renewed proposal to split PepsiCo Inc’s (PEP.N: Quote, Profile, Research, Stock Buzz) robust snacks division from its beverage business.

The packaged food and beverage industry has been dogged by lackluster demand, leading growth-seeking activist investors to demand spinoffs and deep cost cuts to “unlock” value.

Mar 3, 2014

Ellen DeGeneres’ Oscar ‘selfie’ crashes Twitter, breaks record

LOS ANGELES (Reuters) – Is this the year the “selfie” stole the Oscars?

A self-portrait of host Ellen DeGeneres and stars including Meryl Streep, Jennifer Lawrence and Bradley Cooper taken during Hollywood’s annual Academy Awards ceremony on Sunday quickly became the most shared photo ever on Twitter.

Mar 3, 2014

Ellen’s Oscar ‘selfie’ crashes Twitter, breaks record

LOS ANGELES, March 2 (Reuters) – Is this the year the
“selfie” stole the Oscars?

A self-portrait of host Ellen DeGeneres and stars including
Meryl Streep, Jennifer Lawrence and Bradley Cooper taken during
Hollywood’s annual Academy Awards ceremony on Sunday quickly
became the most shared photo ever on Twitter.

Feb 23, 2014

Big consumer companies cut costs, Wall Street wants bolder steps

BOCA RATON, Florida (Reuters) – Investors are growing impatient with the makers of global brands like Cadbury chocolate, Campbell Soup and Tide laundry detergent, as these stalwart consumer products companies try to boost profits through cost cuts and brand makeovers while smaller rivals take risks and grab market share.

Organic and soy milk seller WhiteWave Foods Co (WWAV.N: Quote, Profile, Research, Stock Buzz), privately owned yogurt maker Chobani Greek and Keurig coffee brewer seller Green Mountain Coffee Roasters Inc (GMCR.O: Quote, Profile, Research, Stock Buzz) have shaken up their categories and chalked up enviable growth while big companies such as ConAgra Foods Inc (CAG.N: Quote, Profile, Research, Stock Buzz), Danone S.A. (DANO.PA: Quote, Profile, Research, Stock Buzz) and General Mills Inc (GIS.N: Quote, Profile, Research, Stock Buzz) struggle.

Feb 20, 2014

Avon bets Hispanics, smaller selection, price hikes can fix U.S. sales

NEW YORK/BOCA RATON, Fla (Reuters) – Avon Products Inc (AVP.N: Quote, Profile, Research, Stock Buzz) hopes higher prices, a growing Hispanic market and smaller selection of beauty products will help it reverse years of declines in U.S. sales, top executives said on Thursday.

The company’s North American sales have fallen by half since 2007, and last year, the size of its army of Avon Ladies sales representatives, shrank 15 percent.

    • 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