Industry Summits
A year later, organic just mild, not hot
CHICAGO (Reuters) - Organic was expected to be the next big food trend after Wal-Mart Stores Inc. and others threw their weight behind the products, but many executives said this week that overall, consumers are not yet clamoring for such fare. Full Article
Companies waging battle on crops as food vs fuel
CHICAGO (Reuters) - Food or fuel? Food companies are waging a battle in the fields, in laboratories and in the halls of government over how to use corn as demand for the grain and other food ingredients surges for use in ethanol and other biofuels. Full Article
Fortune, Constellation cautious on Absolut
CHICAGO (Reuters) - Two big U.S. wines and spirits groups, Fortune Brands Inc. and Constellation Brands Inc. , said they are keen to acquire spirits brands but did not confirm any interest in the parent company for Absolut vodka. Full Article | Video
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Wellness still healthy trend for food makers
CHICAGO (Reuters) - New on the U.S. functional food menu: yogurt shots that may lower your cholesterol and a carbonated drink its makers say will help you lose weight. Full Article
Fortune Brands mum on Absolut
CHICAGO (Reuters) - Fortune Brands Inc. <FO.N, which analysts say is a potential suitor for Absolut vodka owner Vin & Sprit, is looking at spirits acquisitions, a senior executive said on Wednesday. Full Article
Quotes from the Reuters Food Summit
CHICAGO (Reuters) - The following are some notable quotes from the Reuters 2007 Food Summit: Full Article
Recession talk doesn't scare U.S. restaurants
CHICAGO (Reuters) - While investors fret over sour subprime mortgages sinking the U.S. economy, the "prime rib indicator" suggests wealthy consumers are doing just fine. Full Article | Video
Starbucks strategy unchanged after memo: exec
CHICAGO (Reuters) - Starbucks Corp. has made no changes to its business strategy since Chairman Howard Schultz warned management last month about a "watering down" of the coffee shop chain's iconic brand, a senior executive said on Wednesday. Full Article | Video
Tyson Foods seeks to pare debt
CHICAGO (Reuters) - U.S. meat company Tyson Foods Inc. would like to reduce its debt over the next few years to $2.2 billion to $2.3 billion from the nearly $3 billion now, Tyson Chief Executive Richard Bond said, speaking at the Reuters Food Summit in Chicago. Full Article | Video
Union sees health care as hurdle in new talks
CHICAGO (Reuters) - With labor contracts at some large U.S. meat companies set to expire later this year, health-care benefits is expected to be one of the biggest hurdles in upcoming negotiations, a top union official said on Wednesday. Full Article
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