beverages

The maker of Bang energy drinks filed for bankruptcy protection after a federal jury ordered it last month to pay Monster Beverage Corp. nearly $293 million for interfering with its rival’s dealings with retailers and falsely advertising the mental and physical benefits of Bang drinks. The chapter 11 filing on Monday in the U.S. Bankruptcy Court in Fort Lauderdale, Fla., immediately halts Monster’s lawsuit against Vital Pharmaceuticals Inc., or VPX, as well as costly litigation with other companies that has been a…

The rules unveiled Friday by the Commerce Department require a license for U.S. companies to export advanced chips and chip-making equipment key to China’s technological goals, vastly expanding on existing rules restricting the export of advanced technologies to China. The rules cover the export of chip-manufacturing equipment used to make advanced memory chips—widely used in smartphones, personal computers, data servers and other everyday devices. They also cover equipment used to make basic computing chips used in…

Elon Musk said Tesla Inc. TSLA -1.11% plans to deliver its first all-electric semitrailer truck to food and beverage maker PepsiCo Inc. PEP -1.93% in December, roughly five years after the billionaire revealed the vehicle. Mr. Musk reiterated Thursday that the truck would be able to travel 500 miles on a single charge, as had been planned. The truck,…

WASHINGTON—How many calories are in that glass of wine? Right now, the bottle of wine isn’t telling—but that could be changing.The Treasury Department, which oversees labels for most alcoholic beverages, is considering requiring makers of wine, beer and distilled spirits to provide more information on what consumers are drinking, including labels that show ingredients and calories. The department’s Alcohol and Tobacco Tax and Trade Bureau indicated in June that it was considering possible changes to alcohol labeling.…

Conagra CAG -2.34% Brands Inc. posted higher sales for the latest quarter after raising prices to offset climbing costs. The producer of Duncan Hines cake mixes and Slim Jim meat snacks said  Thursday that sales were up 9.5% to $2.9 billion in the quarter ended Aug. 28. The top-line was primarily lifted by higher prices, which, along with a shift in the mix of items sold, added 14.3% to the sales gain. That came as costs ballooned 15%…

Tyson Foods Inc. TSN -0.96% is closing several of its corporate offices across the country as rising costs pressure the meat giant’s bottom line after two years of soaring profit margins. Tyson said Wednesday that it is closing offices in Chicago, Downers Grove, Ill., and Dakota Dunes, S.D., which currently house many of its prepared-foods and beef-division employees. Employees will be given the chance to relocate to the company’s…

As Nikola Corp.’s NKLA -1.40% founder stands trial on securities-fraud charges, a revamped management team is pushing to make the company the first to market hydrogen-powered commercial trucks in the U.S.—and to overcome production and credibility challenges that have weighed on its shares.The seven-year-old company’s first battery-powered electric trucks rolled off the assembly line this year, and around 300 are expected to be built by the end of 2022. Nikola said it…

The “Save Local Restaurants” coalition said Friday it has raised around $12.7 million to fight the law, known as the FAST Recovery Act. Corporate brands have contributed $9.9 million and individual franchisees have given $2 million, with trade associations accounting for the rest, the coalition said. The coalition wants to postpone the implementation of the law, set to begin Jan. 1, and let voters decide through the state’s referendum process whether to permanently block the law in 2024. Opponents need to collect hundreds…

Tyson TSN 0.04% Foods Inc. is overhauling its executive ranks as the largest U.S. meat supplier’s costs rise and some sales slow, pressuring the company’s bottom line after two years of soaring margins.The Arkansas company this week shifted executives into new roles heading finance, commercial operations and prepared foods, including appointing John R. Tyson, the 32-year-old great-grandson of the company’s founder, as chief financial…

Johnson & Johnson JNJ 1.22% is a name familiar to generations of consumers for its baby powder, Band-Aid bandages and Tylenol medicines. The new home of those medicine-cabinet mainstays is known by practically no one. J&J said Wednesday that it would name the company that will house its consumer-health products Kenvue. The healthcare-products giant said last year that it would separate that unit, with $15 billion in annual…