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investors saved this company by tapping a food industry veteran to lead it


incredible foods had started as a different company and underwent a big pivot when its backers asked the former coo of ocean spray to step in.






target hires grocery veteran to recharge its food division


new york (ap) — target corp. has named a grocery industry veteran to help recharge its sluggish food division. the minneapolis, minnesota-based chain said monday that jeff burt will assume the title of senior vice president, grocery, fresh food and beverage on april 10. burt replaces anne dament, who left last november after only 18 […]






judge temporarily bars outcome health founders from moving $225 million


a court has temporarily barred outcome health’s founders from tapping $225 million they received from big-name investors, a ruling that company attorneys previously warned could “further destabilize” the troubled company. a delaware chancery court judge on wednesday granted the request by investors...






jewel taps longtime exec to lead grocery chain in changing industry


jewel-osco, the chicago area's largest traditional grocery store chain, has tapped doug cygan as its next president to lead the company forward in a fiercely competitive grocery industry. cygan, 53, is a jewel lifer who started with the company as a parking lot cart clerk at age 17 and rose through...






jewel taps longtime exec to lead grocery chain in changing industry


jewel-osco, the chicago area's largest traditional grocery store chain, has tapped doug cygan as its next president to lead the company forward in a fiercely competitive grocery industry.cygan, 53, is a jewel lifer who started with the company as a parking lot cart clerk at age 17 and rose through...






trump nominee to lead fda probed on ties to pharmacy industry


president donald trump’s nominee to lead the u.s. food and drug administration, dr. scott gottlieb, was questioned about his ties to the pharmaceutical industry by democrats on a key senate committee on wednesday ahead of a vote on whether to advance his nomination for a vote by the full senat...






saved by the max, a 'saved by the bell' pop-up restaurant, is headed to l.a.


from the return of a high school favorite to fancy gelato, here’s what’s happening in the l.a. food and drink world: school’s out: if you grew up in the ‘90s, you may have spent your afternoons watching zack morris swoon over kelly kapowski at a booth at the max diner on the show “saved by the...






why warren buffett is investing in an airline industry he once called a death tr


famed investor warren buffett called the airline business a “death trap” for investors back in 2013. now, the omaha-based financial whiz has turned into one of its biggest investors, an indicator of how much the industry has changed. buffett has invested nearly $10 billion through his holding company...






banks lead stock surge as investors hope for regulation cuts


banks and other financial companies made big gains friday after president donald trump moved to scale back regulations on the financial industry. other stocks also rose as investors were also pleased that employers hired workers at a faster pace in january.






cbs serves up 'comfort food' on friday nights and it's paying off


if the tv industry gave out an award for the most uncool night of programming, cbs’s friday lineup would win it hands down. “macgyver” and “hawaii five-o” are reboots of old series, an anathema to tv critics who believe the industry is in a golden age of creativity. they lead into “blue bloods,”...






another biotech company joins san diego, bringing $40 million in new money


tapping into san diego’s biotech talent pool, a michigan-based developer of an experimental therapy for liver disease is moving its administrative headquarters here. cirius therapeutics of kalamazoo also has hired three experienced biomedical executives in san diego to lead the company in connection...






another biotech company joins san diego, bringing $40 million in new money


tapping into san diego’s biotech talent pool, a michigan-based developer of an experimental therapy for liver disease is moving its administrative headquarters here. cirius therapeutics of kalamazoo also has hired three experienced biomedical executives in san diego to lead the company in connection...






banks lead stock surge as investors hope for regulation cuts


u.s. stocks are climbing friday after the government said employers stepped up their hiring last month, another positive sign for the economy. that's helping small-company stocks, which stand to benefit more than others from faster economic growth. banks are jumping after president donald trump took a step to cut back financial industry regulations.






industry is counting on trump to back off rules that tell you what’s in your foo


washington - the food industry is moving to capitalize on the trump administration's anti-regulation agenda by seeking to delay or do away with obama-era rules governing the disclosure of calories, sugar, fiber and serving size, according to petitions filed with the food and drug administration.






why are fast food visits slowing?


the fast food industry showed no traffic growth in 2016, even as chains worked hard to entice customers with combo deals, day-long breakfast and promises of a humane migration to cage-free eggs. with the quick-service segment representing an outsized share of the food service industry, the trend...






banks lead stock surge as investors hope for regulation cuts


banks and other financial companies are leading stocks higher on wall street friday as president trump prepares to scale back financial industry regulations. buyers were also encouraged by a pickup in hiring in january. small-company stocks, which stand to benefit more than others from stronger economic growth, make sharp gains.






former delta exec to lead amtrak in a summer of repairs, reckoning


america's railroad is turning to an airline industry veteran to lead it through a summer of reckoning for congested tracks and crumbling infrastructure. amtrak on monday named former delta air lines chairman richard anderson as its new president and ceo. he'll take charge of the government-owned...






kfc goes antibiotic-free


the parent company of kfc announced it will stop buying chicken that is raised using antibiotics that are important to human medicine. the move by the giant fast-food chicken chain comes after years of pressure from food safety and consumer advocacy groups, and two years after other industry leaders...






millions to fight food industry sway, from a snack bar ceo


a $25 million pledge to fight the food industry's influence on public health is coming from a surprising source — the ceo of a snack bar maker.






mcdonald's to cut prices on drinks as fast-food industry slumps


mcdonald's corp., reeling from an industrywide restaurant slump and slowing growth from its all-day breakfast push, is looking to beverages to help perk up the business. the world's biggest food-service company, which last year focused its advertising on cheeseburgers and chicken sandwiches, plans...






dole files for initial public offering — for the third time


less than four years after its billionaire chairman, david h. murdock, took dole food co. private — and snookered investors in the process, a judge said — the company is once again planning to tap the public markets. the westlake village fruit and vegetable company, controlled by the 94-year-old...






biz break: apple investors buy what the company is selling


following apple's strong quarterly earnings report, investors lift the company's shares to a point not seen since mid-2015.






scott gottlieb, a doctor with ties to the drug industry, is picked to lead the f


president trump said friday that he would nominate scott gottlieb, a conservative physician with longstanding ties to the drug industry, to be the commissioner of the food and drug administration. if his nomination is confirmed, gottlieb, 44, will oversee america’s largest regulator of medical...






butler: tapping the brakes when the market runs wild


the euphoria driving stock prices has its roots, in part, in misconceptions many investors have about basic economics.






stocks hit new records as an appetite for deals sends food companies up


stocks again broke records tuesday as investors came back from a long weekend hungry for deals. although kraft heinz and unilever couldn't agree to a proposed $143-billion mega-merger, food and household goods makers rose as investors bet that other deals are coming. companies that make packaged...






general mills names new ceo


new york (ap) — packaged food giant general mills says company veteran jeffrey l. harmening will take over as chief executive next month, replacing ken powell who is retiring. harmening is a 23-year veteran of the minneapolis-based maker of cheerios and betty crocker. he’s served as chief operating officer since july. he takes over as […]






lyft's newest investors value company at $7.5 billion, could hint at ipo


lyft inc., the san francisco-based ride-hailing company, said it has closed a $600 million round of financing, valuing the company at $7.5 billion. new lyft investors include private equity firm kkr & co., asset management firms baillie gifford and alliancebernstein lp and the canadian pension...






at&t veteran, john stankey, is expected to lead entertainment operations after t


telecommunications colossus at&t already is making plans for its management structure after it completes its proposed $85.4-billion takeover of media giant time warner inc., including expanding its operations in los angeles. it is widely expected that at&t will turn to 30-year phone company veteran...






chipotle hires arby’s executive to oversee restaurant operations


chipotle mexican grill has tapped a fast-food industry veteran to oversee the operation of its nearly 2,300 north american restaurants as it continues to recover from a 2015 foodborne illness crisis.






india exhibition seeks to gain investment in food industry


india's top chefs on saturday poured 800 kilograms (1,760 pounds) of rice and lentils into a giant pan on a sprawling new delhi lawn as the country hosted an exhibition to attract foreign investment to its food processing industry.






environmental watchdog group warns of lead in baby food


when parents think about the dangers of lead, it's paint and water that most come to mind as potential sources. but a report published thursday by the environmental defense fund raises questions about another, surprising possibility: food.






industry questions higher insurance costs under republican plan


the house republican health insurance plan suggests health insurance after obamacare will be less affordable, investors, insurers and industry sources said on tuesday, raising questions about future enrollment and insurance company participation. the draft legislation, released on monday night, roll...






asian shares mostly lower as investors await next fed leader


asian stock markets were mostly lower on thursday as investors awaited president donald trump's announcement on his choice to lead the federal reserve. some markets were pressured by investors locking in profits from recent gains.






stocks end mixed as investors digest tax plan and company earnings results


u.s. stocks finished mixed thursday as investors pored over house republican's tax proposals and after president trump nominated jerome h. powell to lead the federal reserve. weak earnings results from consumer and healthcare companies pulled those parts of the market down. the house tax plan would...






hormel foods sues purina over "black label” use in dog treats


the austin-based food company says the pet-food company is infringing the trademark of its popular bacon line.