Food Prices Jumped to Record High in December

Global food prices rose to a record high last month, overtaking even the levels seen during the 2007-2008 food crisis.

The UN Food and Agricultural Organization said its food price index rose to 214.7 points last month, an increase of almost 4.2% fro…

The Coffee Wars: Starbucks Tries to Fire Kraft

Starbucks wants to end its distribution relationship with Kraft Foods, but Kraft says the relationship is “perpetual.”
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The Coffee W…

Starbucks Brews 86% Higher Fourth-Quarter Earnings

Starbucks drew more customers to its stores and got them to spend more money, boosting its fiscal fourth-quarter profit 86% from the same quarter a year ago. Same-store sales grew 8% in that time.
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