6:56 a.m. March 22, 2021 - By Tonya Garcia
Starbucks aims to cut water usage in the coffee supply by 2030Starbucks Corp. said Monday that it will halve water usage in its supply chain by 2030 by taking a variety of steps, including the purchase of 600 "eco-mills" that have reduced water use by 80% in places like Guatemala and Mexico where they have been installed; and improvements to water processing machinery and technology that it already owns. By 2030, the chain also aims to reach its target for carbon-neutral green coffee by 2030. Starbucks will equip farmers with tools that will lessen the use of fertilizer; promote varietals that are climate-resistant and rust-resistant, which will allow for more coffee grown on the same amount of land; and promote and restore forests impacted by coffee farming, starting in Peru and Colombia. Starbucks stock has gained 85.9% over the past year, outpacing the S&P 500 index which is up 70.6% over the period.
5:21 a.m. March 4, 2021 - By Tomi Kilgore
Sprouts sets new $300 million stock buyback program, after repurchasing no shares last yearShares of Sprouts Farmers Market Inc. rose 1.2% in premarket trading Thursday, after the fresh produce grocer authorized a new $300 million stock repurchase program. The program represents about 11.1% of the company's market capitalization at Wednesday's close. "Our new share repurchase program reflects our commitment to strong cash flow generation and driving shareholder return, while at the same time deploying capital to drive growth over the long term," said Chief Financial Officer Denise Paulonis. The company did not repurchase any shares in 2020, after spending about $176 million on buybacks in 2019. The stock has rallied 36.7% over the past 12 months, while the S&P 500 has gained 22.0%.
5:00 a.m. Sept. 14, 2020 - By Tonya Garcia
Beyond Meat launching plant-based meatballs this weekBeyond Meat Inc. announced the launch of Beyond Meatballs on Monday, the company's latest plant-based meat innovation rolling out at grocers this week. Beyond Meatballs are seasoned with Italian spices and are ready to cook. The new item will be found at Inc.'s Whole Foods grocery chain, Stop & Shop, Sprouts Farmers Market Inc. , Harris Teeter, Kroger Co. and Albertsons Cos. Inc. to start. Next month, the item will be made more widely available. This is the third Beyond Meat launch of 2020 after Beyond Sausage and Cookout Classic. A Beyond Meatball Shop Pop-up will be open on September 16 in Los Angeles and New York to give consumers in those cities an early taste. Beyond Meat stock has skyrocketed 78.4% for the year to date while the S&P 500 index is up 3.4% for the period.
12:34 p.m. Aug. 30, 2020 - Associated Press
Once again, wildfires threaten business in California wine country Smoke could taint grapes, further hurt tourism in Sonoma and Napa countiesWith an early harvest already underway, a wildfire a few miles west of John Bucher’s ranch added new urgency to getting his pinot noir grapes off the vine. If flames didn’t do any damage to the delicate fruit, ash and smoke certainly could.
11:36 a.m. Aug. 7, 2020 - By Randi Mazzella
The pandemic has affected our eating habits, and not in a good way. Here’s how to create new healthy habits If you’re gaining weight and losing sleep, you’re not alone. But this isn’t going to end soon—try these 4 strategies to turn things aroundThe uncertainty, lack of exercise and less sleep have taken their toll, and even a small weight gain can affect your health.
7:12 a.m. July 22, 2020 - By Archie Mitchell
Here’s what Pompeo and Boris Johnson covered in ‘candid’ talks Pompeo met U.K. Prime Minister Johnson and China-skeptic lawmakers on Monday, talks covered China, U.K.-U.S. free trade, and more.Mike Pompeo met U.K. politicians on Tuesday to discuss the economic recovery from COVID-19, U.K.-U.S. free trade negotiations, and China.
5:39 a.m. July 9, 2020 - By Archie Mitchell
British grocers reject U.S. chlorine-washed chicken as row over welfare standards deepen Aldi, Waitrose and Booths refusing to sell the poultry importsSeveral of the U.K.’s leading grocers have vowed never to sell chlorine-washed chicken and hormone-injected beef as the U.K. negotiates a free-trade agreement with th U.S.
11:29 a.m. June 27, 2020 - By Brittany Anas
Rethinking big city life? Here are 8 smaller places that still have the urban perks 8 up-and-coming small metros where you can enjoy a slower pace but still be near a large cityReady for more space but still want the perks of a big city? These small cities offer the best of both worlds.
6:47 a.m. June 23, 2020 - By Cristina Roca
Nestlé’s KitKat to drop Fairtrade cocoa certification for Rainforest Alliance The news comes at a particularly vulnerable time for the 16,000 small cocoa farmers in Ivory CoastNestlé SA drew criticism on Tuesday after saying it will drop the Fairtrade certification that its famous KitKat candy bars carry in the U.K. and Ireland.
8:40 a.m. May 21, 2020 - By Archie Mitchell
Why coronavirus has caused a glut of gourmet food from canceled summer events A lack of celebrations and long-lasting lockdowns have hit demand for regional specialties Champagne and Stilton cheeseThe Champagne region of France has cut sales of bubbly and Prince Charles has urged Brits to back cheesemongers.
2:07 a.m. May 10, 2020 - By Rupert Steiner
Hedge fund blames U.S. meat processing ‘oligopoly’ for ‘excessive concentration, reduced competition and…a decline in resilience’A portfolio manager at one of world’s leading hedge funds has launched an attack against America’s largest meatpacking companies over their alleged part in breaking the U.S. food supply chain.
3:30 a.m. May 2, 2020 - By Andrew Keshner
Why gardening during a pandemic is so comforting — ‘There are certain very stabilizing forces in gardening that can ground us when we are feeling shaky Add sun, water and a ‘positive attitude’ and you’re on your wayAdd sun, water and a ‘positive attitude’ and you’re on your way.
1:00 p.m. April 24, 2020 - By Ellis Henican
The coronavirus changes everything in New York: Let us count the ways Living through the worst of it, making the best of things: 119 things you wouldn’t have understood pre–COVID-19Would you ever have imagined that there would be parking spots, or that you’d actually eat leftovers and TALK on the phone?
12:39 p.m. April 24, 2020 - By William Watts
Meat shortage looms as coronavirus shuts packing plants, leaving farmers with tough choices Producers alter rations to slow growth, ponder euthanizing hogsWhile consumers face the prospect of meat shortages as coronavirus-ravaged packing plants shut down across the country, farmers are bracing for tough choices about what to do with livestock they can’t move to market.
9:41 a.m. April 23, 2020 - By Ciara Linnane
Tyson Foods to halt production at Pasco, Wash. beef facility to test workers for COVID-19Tyson Foods Inc. said Thursday it is halting production at its Pasco, Wash. beef facility to allow team members be tested for the coronavirus that causes COVID-19. The company said health officials in Walla Walla, Benton, and Franklin Counties will assist in testing more than 1,400 workers at the plant. Tyson said the plant produces enough beef in a day to feed four million people. The workers affected will be paid while they self-isolate at home. "Unfortunately, the closure will mean reduced food supplies and presents problems to farmers who have no place to take their livestock," said Steve Stouffer, group president of Tyson Fresh Meats, in a statement. "It's a complicated situation across the supply chain." Tyson this week said it is indefinitely suspending production at a pork processing plant in Waterloo, Iowa, for testing. Shares were up 0.6% Thursday, but have fallen 34% in the year to date, while the S&P 500 has fallen 13%.
1:21 p.m. April 22, 2020 - By Ciara Linnane
Coronavirus update: California finds first official cases came in February, not March Boeing is creating a department to secure its supply lines, and Macy’s is looking to raise $5 billion in debtThe first documented U.S. cases of the coronavirus that causes COVID-19 actually occurred in early February and not March 9 as health officials in California believed, after Santa Clara County identified at least three cases in people who died at home and were tested during autopsies.
4:41 a.m. April 22, 2020 - By Ciara Linnane
Tyson Foods to indefinitely suspend operations at Waterloo pork plant as virus keeps workers awayTyson Foods Inc. said Wednesday it is suspending operations at its Waterloo, Iowa pork plant indefinitely this week, after it became impossible to keep it open with many workers absent due to the coronavirus pandemic. The company will ask all 2,800 workers to come to the plant for COVID-19 testing. "The closure has significant ramifications beyond our company, since the plant is part of a larger supply chain that includes hundreds of independent farmers, truckers, distributors and customers, including grocers," Chief Executive Steve Stouffer said in a statement. "It means the loss of a vital market outlet for farmers and further contributes to the disruption of the nation's pork supply." The company will pay workers while the plant is closed. The timing of a reopening depends on the outcome of testing, it said. The company's other meat and poultry plants remain open but are running at reduced levels of production. Shares were slightly lower premarket, but are down 32% in the year to date, while the S&P 500 has fallen 15%.
7:01 a.m. April 18, 2020 - By Joy Wiltermuth
Shuttered schools, plunging milk demand led to race among dairy farmers to tap small-business rescue program before funding ran out Compeer Financial, a Farm Credit Lender, secured about $125 million of Paycheck Protection Program funds for clientsDairy farmers raced to secure aid under the $350 billion Paycheck Protection Program before it ran out of money Thursday, as the coronavirus pandemic shuttered schools across the nation and gutted demand for milk.
6:59 a.m. April 18, 2020 - By Myra P. Saefong
Farmers find ways to cope with milk prices down nearly 40% this year Pandemic forces changes in the dairy marketMilk prices this year have more than erased the gains they scored for all of 2019, as the closure of restaurants and schools to prevent the spread of COVID-19 forced changes in the dairy market and in consumer buying behavior.
5:21 a.m. April 16, 2020 - By Tonya Garcia
Sprouts Farmers Market expanding grocery pickup nationwide by early MaySprouts Farmers Market Inc. is expanding its partnership with Instacart, taking the curbside pickup service nationwide to all 340 stores by early May. Grocery pickup is now available in 25 stores in California, starting with Los Angeles and Central California. Pickup was previously available at 55 stores, and grocery delivery has been available in major markets. Sprouts stock rose 1.7% in Thursday premarket trading, but is down 10.5% for the past year. The S&P 500 index has fallen 4.3% over the last 12 months.
5:31 p.m. April 15, 2020 - By Jacob Bunge
Smithfield to shut 2 more pork plants because of coronavirus Employees at 3 plants have tested positive for COVID-19Smithfield Foods Inc. said it would close two more pork-processing plants because of the coronavirus pandemic, reducing meat supplies for grocery stores and deepening challenges for farmers.
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