beverages

McDonald’s Corp. MCD -1.23% is shaking up its board of directors with the departure of longtime member Sheila Penrose and the addition of executives from Marriott MAR -2.08% International Inc., Johnson & Johnson JNJ -0.07% and Salesforce Inc. CRM -4.01%…

Beef is getting cheaper, bringing some economic relief to U.S. consumers.Prices of beef, typically among the costliest grocery store purchases, are falling after more than a year of increases, as consumer demand softens for some cuts. Supplies are improving due to better staffing at meat plants, and supermarkets are offering more discounts on rib-eye, New York strip and other often-expensive products. For months, prices for food and consumer products have been rising across grocery aisles due to higher costs of…

Soaring temperatures in Spain this summer are expected to hit the country’s olive oil production, pushing up prices and threatening to further stoke food inflation.Nearly half of the world’s olive oil is produced in Spain, with the U.S. one of the country’s largest export markets. Prices of most edible oils are already high after the war in Ukraine led to shortages of sunflower oil, prompting buyers to seek alternatives for use in cooking and as an ingredient in food products. Now olive oil prices are now being driven…

Companies are set to start labeling plastic packaging commonly used for yogurt, cottage cheese and butter as “widely recyclable,” sparking opposition from some environmental groups who say the change risks misleading consumers.A labeling program founded by plastics makers such as Exxon Mobil Corp. and consumer products companies including Procter & Gamble Co. and Nestle SA said in July month that packaging made from polypropylene was now eligible to be…

Lucio Salamini has witnessed the weather patterns around his family’s vineyard in northern Italy change dramatically over the past 30 years. But he says he has never seen anything like this summer before.After scorching hot days, the heat doesn’t let up at night, causing stress on his vines. And almost every month this year has seen less rainfall than average, with the nearby Po River—a key freshwater source for surrounding farms and vineyards—seeing record low water levels in recent weeks. “Weather is changing and it’s…

TOKYO—When the maker of a well-known Japanese popsicle lifted the sales price for the first time in a quarter-century a few years ago, dozens of executives and workers bowed deeply in apology in a somber television commercial.The company, Akagi Nyugyo Co., is now planning to raise the price of nearly three dozen other ice cream products. This time there’ll be no displays of contrition. “We’re suddenly facing a tsunami of price increases” for materials, said marketing director Fumio Hagiwara. “We will raise…

A request by Ben & Jerry’s to block parent company Unilever UL -0.72% PLC’s sale of the ice-cream brand’s Israeli business is set to be heard by a New York court Monday in what lawyers say is a first-of-its-kind case.At the heart of the case is what powers Ben & Jerry’s independent board, a unique corporate-governance arrangement Unilever granted when buying the brand, has in practice. Under the 2000 acquisition agreement, Unilever agreed to allow Ben &…

A strong labor market with robust wage gains might mean the Fed still has more work to do. A strong labor market with robust wage gains might mean the Fed still has more work to do. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and…

Beyond Meat said inflation is slowing down the company’s goal to eventually sell its vegan burgers and other products at the same price of meat. Photo: Creative Touch Imaging Ltd/Zuma Press…

Kellogg Co. K 0.17% lifted its outlook for the year and said consumer demand held up despite the cereal company raising its prices in recent months.The maker of Pop-Tarts and Pringles said Thursday that charging more for its food helped the company offset higher costs for ingredients, trucking and labor. Kellogg also said it faced supply shortages in the second quarter. Kellogg said it has told retailers about additional price increases for the ongoing quarter. Grocery…