Hitting the grocery store is getting more costly.
Beef prices are at a record high, and the cost of other staples, such as milk, butter, eggs, fruit and vegetables are climbing. With a severe drought ravaging farms across most of California, prices are at risk of shooting significantly higher this year.
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.
Could guacamole and some salsas become victims of global warming? Possibly, says Chipotle Mexican Grill.
The restaurant chain, in an annual report, listed drought and global weather change among a long list of business risks faced by the company.
McDonald's plans to open its first restaurant in Vietnam, the fast food company said Tuesday, making it the latest U.S. brand to move into the communist country that was once at war with the United States.
McDonald's says it has awarded a franchise for a location in Ho Chi Minh City that should open early next year.
Twinkies are back, but some fans are upset than they're smaller than they remember.
Hostess Brands, the new company that bought the rights and recipes to make Twinkies, says the iconic snack food is the same size as it was last November, when the previous manufacturer went out of business.
But the fans aren't mistaken – for much of 2012, and in earlier years, a box of 10 Twinkies weighed 15 ounces. The boxes on store shelves now weigh 13.58 ounces.
Good news Twinkies fans, your long-missing snack fix is due back on shelves on July 15.
The announcement was made by Daren Metropoulos, principal of Metropoulos & Co., one of the two companies that bought the rights to Twinkies and other snack brands from the bankrupt Hostess Brands earlier this year.
What would you do with 5.5 tons of Nutella? Maybe the same thing you'd do with 34,000 cans of Red Bull or 5.5 tons of coffee.
Somewhere in Germany, there's a thief who knows the answer.
German police reported that 5,000 jars of the chocolate-hazelnut spread were stolen over the weekend from a former railway station in Niederaula. The jars of Nutella were valued at about $21,000.
Twinkies and other Hostess snacks could be back on shelves by this summer after a successful $410 million bid for the business.
The winning bid is a joint venture by private equity firms Apollo Global Management (APO) and Metropoulos & Co. A statement from Dean Metropoulos, founder of one of the firms, confirmed they are the winning bidder.
Hormel Foods, the maker of Spam luncheon meat, is paying $700 million to buy the Skippy peanut butter brand from consumer products maker Unilever, the companies announced Thursday.
Hormel said Skippy has annual sales of $370 million, nearly $100 million of which comes from outside the United States. Skippy, which was first introduced in 1932, is the leading brand of peanut butter in China and the No. 2 peanut butter brand overall, behind only Jif, which is owned by J.M. Smucker.