Merger makes ChiquitaFyffes top banana
March 10th, 2014
09:02 AM ET
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U.S. banana producer Chiquita Brands International and Ireland's Fyffes have agreed to merge and create the world's largest banana company.

The combined company, to be known as ChiquitaFyffes, is set to displace privately-held Dole from the No. 1 spot.
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February 18th, 2014
06:00 PM ET
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Coca-Cola - the world's ubiquitous brown fizzy drink - is staying afloat as the soda market shrinks, and many point to a marketing strategy around the so-called "secret recipe" as key to its resilience in a struggling industry.

The Coca-Cola Company, which published its full year result Tuesday, recorded a 5% drop in net income to $8.6 billion last year, down from $9 billion in 2012, as it faced "ongoing global macroeconomic challenges," according to its chief executive Muhtar Kent.

Volume grew 2% for the year, which it said was "below our expectations and long-term growth target," with sparkling beverages recording a slight increase of 1% - led by Coca-Cola.

Globally, soda drink sales have been shrinking as consumers turn to water, fruit drinks and healthier alternatives. The trend has hit Coke and other market players such as PepsiCo and Dr. Pepper. And while its primary competitor, PepsiCo, depends on its snack business to buoy the declining soda sales, Coke announced further investment into its marketing.
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Filed under: Big Business • Business and Farming News • News • Sip • Soft Drinks


January 21st, 2014
08:30 AM ET
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Employees who 'ooze hospitality' are in hot demand at The Cheesecake Factory where perks like BMWs for its general managers have helped it land on Fortune's list of 100 Best Companies to Work For.
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General Mills nixes GMOs in original Cheerios
January 3rd, 2014
02:45 PM ET
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General Mills said that it has changed the sourcing of ingredients for its original Cheerios cereal, after an activist group said that the company bowed to pressure and stopped using genetically modified ingredients.

"We switched from what we were using to non-GMO corn and non-GMO pure sugar cane," said General Mills spokesman Mike Siemienas.
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Red Lobster and the American dream
January 1st, 2014
04:00 PM ET
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Editor's note: LZ Granderson writes a weekly column for CNN.com. A senior writer for ESPN and lecturer at Northwestern University, the former Hechinger Institute fellow has had his commentary recognized by the Online News Association, the National Association of Black Journalists and the National Lesbian and Gay Journalists Association. Follow him on Twitter @locs_n_laughs.

I grew up a poor kid in Detroit.

Government cheese sandwiches, occasional nights without electricity, long-distance telephone calls reserved for emergencies only.

Yet despite our struggles, my family never lost hope that life would get better for us. We never lost faith in the American dream.
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November 27th, 2013
05:45 PM ET
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A Sriracha hot sauce factory is getting a chilly reception in Southern California.

A judge in Los Angeles County has ordered Sriracha maker Huy Fong Foods to suspend operations at a plant in the city of Irwindale that local residents claim has caused an overpowering odor.

Irwindale claimed in a lawsuit that the stench was causing watery eyes, sore throats and headaches, prompting complaints from dozens of residents.
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Filed under: Big Business • Business and Farming News • Hot • News


November 18th, 2013
10:30 AM ET
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If it's mid-November, there must be some sort of panic-inducing announcement about the shortage of a Thanksgiving dinner staple. In years past, pumpkin pie filling has been locus of the upset. This year, it's fresh Butterball turkeys.

Note: that's specifically fresh Butterball turkeys, and just that particular brand. There are still plenty of frozen turkeys from Butterball, as well as fresh birds from other producers available for your roasting pleasure. But the mere notion of not having enough of a T-Day dish to gobble down seems to incite freakout.

The skinny: some farmers who supply Butterball couldn't get their turkeys to plump up sufficiently, so fresh ones over 16 pounds might be in short supply.
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Filed under: Big Business • Business and Farming News • Farms • Thanksgiving


November 8th, 2013
08:45 AM ET
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It's a meticulous harvest which forbids the use of a spade, let alone tractors.

Crouched deep within a field full of purple crocuses, groups of villagers come together every year for a back-breaking fortnight, harvesting saffron.

With great precision, and grubby fingernails, flowers containing the rare, precious spice are snapped away from the stems and dropped inside white buckets.
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Filed under: Big Business • Business and Farming News • Farms • Greece • Spices


November 6th, 2013
10:00 PM ET
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When it comes down to it, isn't life just the downtime between McRib promotions? The beloved limited-time-offer sandwich has reportedly begun making its return to the menu at certain Mcdonald's franchises.

But wait – Burger King is offering something it calls the BBQ Rib sandwich, and restaurants are offering it for about a third of what the McRib costs.
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