Industry Summits
Food makers say won't overreact to safety scares
CHICAGO (Reuters) - A string of high-profile food safety scares has heightened government and consumer concerns about the U.S. food supply, but top food companies say they have felt little need to react dramatically to those events because their quality standards are already so rigorous. Full Article
Higher food prices the new reality for consumers
CHICAGO (Reuters) - Consumers should start getting used to those higher grocery bills and restaurant tabs. Full Article
Grumbling over ethanol mounts among food execs
CHICAGO (Reuters) - Prices for commodities are steadily rising and top food industry executives are grumbling that costs will not fall as long as the U.S. government continues to subsidize corn growers for making ethanol. Full Article
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Restaurants turn to menu changes, online
CHICAGO (Reuters) - Restaurant companies are offering smaller items, squeezing through price increases and trying to get customers to order online in hopes of preserving profits, while keeping cash-strapped customers ringing their registers. Full Article
General Mills CEO: costs will moderate
CHICAGO (Reuters) - General Mills Inc's chief executive said on Wednesday that commodity prices are likely to keep going up, though the rate should eventually moderate, allowing the food company to cope with its costs through increased productivity rather than price increases. Full Article
Food firms say "Let's Get Small" in passing on costs
CHICAGO (Reuters) - Consumers are seeing their grocery bills rise, but what they may not have noticed just yet -- and what they will be seeing even more of -- is that their hard-earned cash will be getting them less and less of their favorite products. Full Article
Sara Lee sees bread margins doubling
CHICAGO (Reuters) - Sara Lee Corp plans to double its margins in the bread business over the next few years, with an expanded product line, including tortillas, helping increase profitability, a top executive said on Wednesday. Full Article
Food makers look to health as downturn defense
CHICAGO (Reuters) - The food industry is turning to healthier product lines to fight off the effects of the weak U.S. economy and help price hikes stick after a big leap in commodity costs. Full Article
P.F. Chang CEO sees U.S. economy softer
CHICAGO (Reuters) - The U.S. economy is the weakest in 15 years and likely getting worse, the head of Asian-themed restaurant chain P.F. Chang's China Bistro Inc said on Wednesday. Full Article
Domino's Pizza U.S. head sees recession
CHICAGO (Reuters) - The president of Domino's Pizza Inc's U.S. business said on Wednesday that the U.S. economy is probably in a recession and consumers are feeling the pressure of the tough economic environment. Full Article
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