Food and beverage company Sara Lee (SLE) has been in discussions to sell itself to Brazilian meat company JBS.
Talks have been taking place intermittently for several months, Reuters reported without naming its sources. The companies have disagreed o…
McDonald’s (MCD) is planning a massive expansion in China as it seeks to take advantage of rapid economic growth and burgeoning consumer demand.
The restaurant giant will boost investment in China by 40% in 2011,The Wall Street Journal said. The comp…
Florida declared a state of emergency because of the threat of damage to crops from cold weather.
Temperatures in central and northern Florida could fall as low as 26 degrees Fahrenheit tonight, Bloomberg News reported.
“The coldest night is actua…
McDonald’s (MCD) said that sales at stores open at least one year rose 4.8% in November from a year earlier.
Comparable sales rose 4.9% in Europe and the United States, and by 2.4% in the rest of the world, the company said in a statement.
“Contemp…
Yum Brands Inc, (YUM) owner of the KFC and Pizza Hut brands, is taking aim at the fast-growing African market for fast food.
The company, based in Louisville, Ky, plans to double the number of KFC restaurants in Africa to 1,200 by 2014, The Wall Stre…