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Showing 20 results out of 10000
News

USA: Kroger Remains Comfortable with Consensus Earnings Estimate for Second Quarter

The Kroger Co. (NYSE: KR) today said it remains comfortable with the current consensus earnings estimate for the second quarter ended August 12, 2000. The Company plans to report second- quarter earnings on Sept. 12, 2000.Headquartered in Cincinnati, Ohio, Kroger is the nation's largest retail grocery chain. At the end of the first quarter, the Company operated 2,319 supermarkets and multi-department stores in 31 states under more than a dozen banners, including Kroger, Fred Meyer, Ralphs, Smith's, King Soopers, Dillon, Fry's, City Market, Food 4 Less and Quality Food Centers. Kroger also operates 792 convenience stores, 397 fine jewelry stores and 42 food processing plants.

News

UK: Scrapie Compensation

Compensation payable for sheep or goats slaughtered as a suspected animal in the month of September 2000 will be: - £15.81 if scrapie is confirmed by post mortem, and for cases subsequently confirmed as unaffected whatever is the greater of - (i) the amount payable for a confirmed case and; (ii) such sum as appears to be, having regard to any evidence provided by the owner of the animal slaughtered, to reflect the market value of the animal, subject to a maximum sum of £400 for each animal. The compensation rate has been determined by reference to the average cull ewe market price and the numbers of animals sold in Great Britain in the month of July 2000, as published in the Meat and Livestock Commission weekly UK Market Survey. Notes for Editors 1. Scrapie compensation is paid under the provisions of the Sheep and Goats Spongiform Encephalopathy (Compensation) Order 1998.

News

USA: Local McDonald's Restaurants to Launch McMinnesota.com/ McWisconsin.com

McMinnesota.com and McWisconsin.com are two new local websites that will make their promotional debut on August 25th. The sites were designed for users to learn more about what's new and happening at McDonald's as well as employment opportunities, providing the option to apply on-line. The sites will also feature information about current special offers, new menu items, Ronald McDonald House, local scholarship programs and upcoming McDonald's partnerships, i.e. the visit of "SUE" the T-Rex, which will debut at the Minnesota Science Museum this November.

News

UK/NETHERLANDS: Flora Launches New Spread to Lower Cholesterol

The manufacturers of Flora have launched a new cholesterol-lowering spread called Flora pro.activ which is now available in all major stores.With the great taste of Flora Light, Flora pro.activ is the first cholesterol-lowering spread to obtain the approval of the EU Standing Committee for Foodstuffs.

News

POLAND: Polish food prices fall in August

Polish food and soft drink prices fell by 0.7% in the first two weeks of August on fruit and vegetable prices down 17% and 18.8% respectively. Farmers in several regions were hit by drought, which held the price fall in check as the cost of meat, sugar, flour and bread rose. Industry analysts estimate that prices will continue to fall during the rest of August, prompting speculation that inflation could ease back from its current 11.4% high.

News

USA: Cooking.com Ranked in Top 10 Online Shopping Sites According to Report in Fortune Magazine

A recent independent study of how Internet retailers performed during the summer 2000 ranked Cooking.com eighth overall and first in overall customer satisfaction among the top 50 online shopping sites, according to Resource Marketing Inc. of Columbus, Ohio. The rankings are published in Fortune magazine's Sept. 4 issue. "We are pleased to again be the top performer within our category and the top-rated site in the consumer portion of the study," said David Hodess, president and chief executive officer of Cooking.com. "We believe our focus on delivering a superior online shopping experience to our guests through expanded product offerings, excellent customer service, on-time and accurate shipping, and a user-friendly Web site is reflected in this ranking." Hodess added: "We continually strive to improve the customer experience at Cooking.com, as well as expanding our product offering and increasing our distribution capabilities. Cooking.com provides more than an online shopping experience; it is the premier resource for all consumers' cooking needs, providing them with the ideas, techniques and recipes to make cooking easier and more rewarding. We look forward to providing an even better experience this holiday season." The summer 2000 survey follows an initial report covering the 1999 holiday season, in which Cooking.com also ranked in the top 10. In both, Resource Marketing tested the online shopping sites putting each site through a "stress test" designed to replicate the total customer experience. Eighty-eight specific criteria were used, including site navigation, product availability, customer service and shipping. The study simulated more than 500 customer interactions and required that researchers spend a minimum of 20 hours on each site, nearly 200 times that of the average shopper. Cooking.com was the only retailer in the cooking product category to receive an above-par rating for both studies. More information on the summer 2000 study can be found at

News

USA: Impress Finalizes Acquisition of the H. J. Heinz Company North American Can-Making Plants

Impress Metal Packaging Holdings B.V. ("Impress"), a world leader in the metal packaging industry, today announced that it has finalized the acquisition on August 13, 2000, of the H. J. Heinz Company (NYSE: HNZ) North American can-making assets. Four of the operations are located within Heinz's food processing plants in Bloomsburg, Pennsylvania; Terminal Island, California; American Samoa; and Puerto Rico.

News

USA: Host America Sees Positive Impact with Acquisition

Host America Corporation (Nasdaq: CAFE) announced today that the company's recent acquisition of Lindley Food Service will have a positive effect on the corporate financial performance for fiscal 2001. Lindley provides freshly prepared and frozen unitized meals for large senior food programs, school lunch, and private related programs.

News

USA: Keebler Foods Company Announces Quarterly Dividend

Keebler Foods Company (NYSE: KBL) announced today that its board of directors declared a quarterly dividend of $0.1125 per share. The dividend is payable on September 20, 2000 to stockholders of record on September 6, 2000.Keebler, founded in 1853, is the second-largest cookie and cracker marketer and manufacturer in the United States with the last trailing twelve-month net sales of $2.7 billion. Keebler markets its products under well-recognized brands such as Keebler, Cheez-It, Carr's, Ready Crust, Famous Amos, Murray, Plantation and Austin. Keebler is also a leading manufacturer for both the private label and foodservice markets. Through its Little Brownie Bakers subsidiary, Keebler is a leading licensed supplier of Girl Scout Cookies. Keebler is also the licensed supplier with the Children's Television Workshop featuring Sesame Street Muppet characters and educational games on a broad range of snack category products. Keebler Foods Company is headquartered in Elmhurst, Illinois. For additional information, please visit the Keebler Web site at

News

USA: Delimex Launches 13-City Radio Campaign

Delimex, a leading producer and distributor of branded, high-quality frozen Mexican foods, today announced a multi-million-dollar, 16-week radio advertising campaign in 13 of the company's core cities in the Southwest and Midwest.The new campaign follows a 10-week, four-city test in spring 2000 that resulted in a doubling of awareness of the Delimex brand among consumers and a substantial increase in sales.

News

USA: ConAgra, Inc., Reports Completion of International Home Foods Acquisition

ConAgra, Inc. (NYSE: CAG), one of the world's largest branded foods companies, and International Home Foods (NYSE: IHF) announced today that ConAgra has completed its acquisition of International Home Foods.Bruce Rohde, ConAgra chairman and chief executive officer, said, "We are excited about the growth prospects of the International Home Foods brand portfolio as it becomes part of ConAgra's already powerful lineup of products we offer our customers."Rohde added, "As we continue to focus on the value-added portion of all our businesses and aligning our resources around our retail and foodservice customers, International Home Foods fits well with our growth objectives. This deal is a good fit with our strategy."ConAgra's transfer agent, Wells Fargo Shareowner Services, will soon mail a Letter of Transmittal to International Home Foods' shareholders with instructions on surrendering their certificates of International Home Foods' stock in exchange for cash and shares of ConAgra stock."With a mixture of stock and cash as consideration for this deal," said Rohde, "ConAgra has preserved its flexibility to pursue other strategic opportunities while attempting to make a tax-efficient deal for International Home Foods' shareholders."For each International Home Foods share, ConAgra will pay $11 in cash and 0.54692 of a ConAgra share. ConAgra will issue approximately 41 million shares of ConAgra common stock as the stock portion of the consideration. The deal represents a total value of approximately $2.9 billion, reflecting the assumption of $1.3 billion in existing IHF debt.The number of ConAgra shares issued for each IHF share transaction was determined by dividing $11 by $20.1125, the average closing price of ConAgra stock from August 4 through August 17 -- the relevant pricing period set by the merger agreement for determining the conversion rate of ConAgra stock. ConAgra, Inc., (

News

USA: Peachtree Network Launches America's 1st Wireless Online Grocery Shopping Service in New York City - "Wireless Superhighway Begins at Avenue of the Americas"

Peachtree Network Inc. (CDNX:PCH), the leading innovator in online grocery and food-related services, today announced the launch of America's first wireless Internet grocery shopping service. Residents of Manhattan can now shop for groceries online via Internet-enabled cellular phones. The launch is a cooperative effort between Peachtree Network and Jefferson Market, Peachtree's grocery partner in New York City.

News

ISRAEL: Blue Square-Israel Ltd. Reschedules Shareholders Meeting

Blue Square-Israel Ltd. (NYSE: BSI) today announced that the Extraordinary General Meeting of Shareholders (the "EGM") that was held on August 24, 2000 at 7:30 a.m. (Israel time) resolved to adjourn the EGM. The adjourned meeting was scheduled for September 6, 2000 at 5:00 p.m. (Israel time) at the offices of the Company, 2 Ha'amal Street, Rosh Ha'ain, Israel. The EGM has not discussed or made any resolutions in reference to the matters specified in the proxy statement. The Co-Op Blue Square Consumers' Cooperative Society Ltd. ("Co-Op"), which holds 78.1% of the Company outstanding capital, which voted in favor of the adjournment, explained that it requires additional time in order to review and consider the matters specified in the proxy. Any vote made by proxy to the original EGM will be valid also to the adjourned EGM. Any holder of ordinary shares or of American Depository Receipts issued by The Bank of New York ("BONY") of the Company, may vote in the adjourned EGM by Proxy, if the proxy is received by BONY by August 29, 2000. Blue Square is a leading retailer in Israel. A pioneer of modern food retailing in the region. Blue Square currently operates 167 supermarkets under different formats, each offering varying levels of services and pricing. For more information, please refer to Blue Square's website at

News

USA: Coastal Foods Inc. Makes Announcement

Coastal Foods Inc. (OTC:XPIE; Coastal) and PJ Management Inc. jointly announced today that the letter of intent entered into whereby Coastal Foods Inc. would be acquired by PJM, has expired. There are currently no plans to move forward in signing a new letter of intent.

News

USA: EverythingAboutFood.com Announces New Service: 'Create Your Very Own Place'

EverythingAboutFood.com is pleased to announce their new service which allows anyone to submit a recipe and receive their own recipe web page. Individuals may submit as many recipes as they like, creating their own personalized collection of recipes. Some submissions may even be chosen to be featured as the "Recipe of the Week" and receive permanent placement on the "Recipe" page. "This is a great concept," says Julie Fisher of Sedona, Arizona. "I'm putting all of my favorite family recipes on my site for all of my relatives back east to enjoy."Everything About Food is an innovative and informative gateway to the world of food, providing the most current food and nutritional news, recipes and over 500 links to today's top food Internet sites. The staff does an exceptional job of decoding and deciphering the overwhelming amount of current information to deliver one site where you can easily find "everything about food." Another unique feature is the "Food Science 4 Kids" page where children of all ages can learn the basics of food technology by performing simple food science experiments.Other topics of interest include: Beer & Wine, Cooking Tips, Dieting Tips, Events & Shows, Food Additives, Food as Medicine, Food Banks, Food Industry & Technology, Food Research, Food Recalls, Groceries Online, and Nutrition. In addition, the weekly news digest will keep people informed of important food allergy alerts, food recalls and food safety updates.More information can be found on the company's web site at

News

USA: Does the Functional Food Bandwagon Have a Flat Tire? Promar Analysis Sees Sharp Decline in New Products

Data analyzed by Promar International show functional food product introductions are down by almost half in the first eight months of 2000 compared with the same period last year. The drop is across the board, but is most significant in beverages and snacks-particularly in the cluttered energy bar category."This is what we expected," says Margaux Locklear, Strategic Marketing Analyst for Promar International. "The failure rate for new food products is always high, but simply adding gingko or echinacea to an existing product and slapping a new label on it doesn't qualify as a strategy. A number of industry players, both large and small, are finding that out and have become more careful about entering what remains a tremendous growth market."The current and future promise of functional foods-and strategies for exploiting market growth -is the focus of Promar's recent study, "Food Doctors: The future of nutraceuticals in the United States." It is available at a cost of $14,000. Study details including a table of contents and sample pages can be viewed in Adobe format at:

News

USA: ecFood.com Sweetens First Online Demand Aggregate Auction

ecFood.com ( www.ecFood.com ), a leading provider of Internet-based supplY chain solutions for the industrial sector of the food industry, recently completed a multiple buyer and supplier demand aggregate auction. This is the first time this type of auction has been transacted online for this specialized market.

News

USA: Famous Dave's of America, Inc. Franchise Development Climbs to 19 Units

Famous Dave's of America, Inc., announced it has multi-unit development commitments for 12 franchise units in 7 states in its first six months of franchising. The company has opened 7 franchised locations this year bringing the current total commitments to 19 units nationwide. New franchise development will expand the company's presence in Nebraska, Iowa, and Illinois and introduce Famous Dave's into Nevada, Colorado, Arizona, North Dakota and South Dakota.