June 5 (Reuters) – Sara Lee Corp will change its
name to Hillshire Brands Co later this month to reflect its
focus as a North American meat company after it spins off its
coffee and tea unit.
Sara Lee revealed the company’s name and its financial and
strategic goals in a meeting on Tuesday with investors in New
June 1 (Reuters) – Kraft Foods Inc is introducing a
new line of Planters peanut butters with ingredients like dried
fruit and granola mixed in, hoping to appeal to adults with a
taste for the popular kids’ food.
The launch of NUTrition peanut butters — as in berry nut,
banana granola nut and cinnamon raisin granola nut — comes as
Kraft is preparing to spin off its North American grocery
business by the end of 2012.
NEW YORK (Reuters) – Coca-Cola Co and McDonald’s Corp slammed a proposed limit on soft drink sales in New York City that would turn a small McDonald’s drink into the new large and could trigger a wave of similar restrictions aimed at curbing obesity.
“New Yorkers expect and deserve better than this. They can make their own choices about the beverages they purchase,” Coca-Cola said in a statement on Thursday. Coke dominates the U.S. fountain drink market, and would likely be the most hurt.
NEW YORK (Reuters) – Coca-Cola Co and McDonald’s Corp slammed Mayor Michael Bloomberg’s proposed ban on large soft drinks in New York City, arguing for freedom of choice and saying it would not effectively curb obesity.
“New Yorkers expect and deserve better than this. They can make their own choices about the beverages they purchase,” Coca-Cola said in a statement on Thursday.
NEW YORK (Reuters) – Coca-Cola Co and McDonald’s Corp fired back at New York City Mayor, Michael Bloomberg on Thursday for proposing a ban of large-sized soft drinks at restaurants and other food service outlets.
“New Yorkers expect and deserve better than this. They can make their own choices about the beverages they purchase,” Coca-Cola said in a statement.
By Mihir Dalal and Martinne Geller
(Reuters) – Green Mountain Coffee Roasters Inc (GMCR.O: Quote, Profile, Research, Stock Buzz) independent director Douglas Daft resigned from its board this week at a time when concerns of slowing growth and allegations of accounting malpractices have hammered the stock.
Green Mountain, the maker of Keurig one-cup coffee brewers, reported the resignation of the former Coca-Cola Co (KO.N: Quote, Profile, Research, Stock Buzz) CEO on Thursday in a filing with the U.S. Securities and Exchange Commission.
May 24 (Reuters) – H.J. Heinz Co reported slightly
weaker-than-expected fourth-quarter sales, hurt by a decline in
North America, and lowered its earnings forecast for the new
fiscal year and beyond.
The ketchup maker’s shares fell 2 percent, even though its
quarterly profit topped the average Wall Street estimate.
May 21 (Reuters) – Campbell Soup Co reported
better-than-expected quarterly earnings on Monday but left its
full-year forecast unchanged as it continues trying to turn
around its North American soup business.
Campbell, whose shares fell 1.8 percent in morning trade,
has endured several winters of weak soup sales, hurt by heavy
discounting and increased competition with other simple meals.
Its chief executive, Denise Morrison, has pledged to stabilize
and then grow the business by introducing new products and
reinvigorating its advertising.
(Reuters) – Home Depot Inc posted quarterly sales that fell short of Wall Street’s heightened expectations on Tuesday after demand slowed in April following a jump in home improvement projects spurred by an unusually warm winter.
But results were stronger than the company expected, as the warm weather pushed forward a significant amount of sales that would have normally occurred in the second quarter.
By Brad Dorfman and Martinne Geller
(Reuters) – Best Buy Co Inc founder Richard Schulze is stepping down as chairman after he failed to tell the board that a former chief executive had an improper relationship with a female employee, the electronics retailer said on Monday.
Best Buy said the board’s investigation had found that former CEO Brian Dunn’s relationship “negatively impacted the work environment,” but involved no misuse of company resources.