Fairway Market, which is going public to raise funds for expansion, might be the first New York company to take advantage of the JOBS Act, which simplifies the process of raising funds from private investors,
Kraft Foods, which will spin off its grocery business Oct. 1, reported net income of $1.03 billion in the second quarter, up from $976 million in the year-ago period, while sales fell to $13.29 billion due partly to calendar changes and a strong U.S. dollar, Reuters said.
Austin, Minn.-based Hormel Foods, perhaps best known for its Spam brand, is working to broaden its image with new product offerings such as Jennie-O turkey burgers and Mexican salsa through a joint venture with Chi-Chi's and La Victoria brands,
Cal-Maine Foods reported a 400 percent increase in fourth-quarter net earnings as the company's specialty-egg sales took off, but the egg producer expects rising feed costs to impact profits in the near future,
Supervalu said Monday it has fired CEO Craig Herkert and assigned Chairman Wayne Sales to head the company's turnaround effort, which could include a sale of all or part of the company, the Associated Press reported.