Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.
Nestle AG , the world’s biggest foodmaker, expects to raise prices by 1.6 percent in 2011, the company chairman said Tuesday, similar to last year’s increase despite soaring raw material costs.
Peter Brabeck-Letmathe told Reuters Insider that the company, which makes Nescafe coffee and Gerber baby food, would spend an extra $3.5 billion on raw materials in 2011, with more than half of that would be absorbed internally. Get the full story »
More than 10,000 pounds of Lean Cuisine frozen spaghetti and meatball dishes have been recalled because of the possible presence of foreign materials, the Department of Agriculture said late on Monday.
Sara Lee may be breaking up, but company executives say that will make it much more focused on the business in which it competes.
Chief Executive Marcel Smits laid out Sara Lee’s plans at the Consumer Analysts Conference of New York Tuesday morning to take share from Nestle, the international leader in single-serve coffee.
Single-serve, made from individual pouches brewed in specialized machines, has become the latest battleground for the coffee industry. Starbucks, Dunkin’ Donuts, Green Mountain Coffee Roasters and even retailers such as Wal-Mart are expected to play a crucial role in the U.S. battle. Get the full story »
A Nestle SA subsidiary has agreed to drop advertising claims that its children’s drink Boost Kid Essentials prevents colds and flu, the Federal Trade Commission said Wednesday.
The FTC, which pursues deceptive advertising, took issue with claims that BOOST prevented colds and flu by strengthening the immune system, focusing on advertisements for a drink sold with a straw embedded with probiotic bacteria. Get the full story »
