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.
Hostess Brands and a key union agreed Monday to try to mediate their dispute - an unexpected development that could spare the company from permanently shutting down.
The Bakery Workers union, which represents 5,000 of the 18,500 employees at the maker of Twinkies and Wonder Bread, went on strike on Nov. 9. The company had imposed paycuts and other concessions opposed by the union's membership.
Hostess Brands - the maker of such iconic baked goods as Twinkies, Devil Dogs and Wonder Bread - announced Friday that it is asking a federal bankruptcy court for permission to close its operations, blaming a strike by bakers protesting a new contract imposed on them.
The closing will result in Hostess' nearly 18,500 workers losing their jobs as the company shuts 33 bakeries and 565 distribution centers nationwide, as well as 570 outlet stores. The Bakery, Confectionery, Tobacco Workers and Grain Millers International Union represents around 5,000 Hostess employees.
Nestle is recalling more than 200,000 canisters of its chocolate drink mix Nesquik because of possible contamination of salmonella.
Nestle said the problem occurred on batches of the the mix produced in October. The bottom of the canister says it is best to use by October 2014. The size of the canisters affected are 40.7 ounces, 21.8 ounces, and 10.9 ounces. The two smaller containers have a promotion for the current Disney movie "Wreck-It Ralph" on the side of the container and the words "Be a Hero" across the bottom.
Nestle said the problem was caused by ingredient supplier, Omya Inc. that it has issued a recall of certain lots of its ingredient, calcium carbonate. Linda Pleiman, an Omya spokesperson, said that it had notified its other customers of the problem but was not aware of any other recalls at this time.