Food and drink
Uber CEO tells staff company will cut down on costs, treat hiring as a ‘privilege’
Uber will cut back on spending and focus on becoming a leaner business to address a “seismic shift” in investor sentiment, CEO Dara Khosrowshahi told employees in an email obtained by CNBC. “After earnings, I spent several days meeting investors in New York and Boston,” Khosrowshahi said in the email, which was sent out late […]
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Starbucks hit with sweeping labor complaint including over 200 alleged violations
Starbucks workers react as they speak to the media after union vote in Buffalo, New York, December 9, 2021. Lindsay DeDario | Reuters The regional director of the National Labor Relations Board in Buffalo, N.Y., issued a complaint Friday accusing Starbucks of 29 unfair labor practice charges that included over 200 violations of the National […]
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Ice cream freezers to get ‘warmed up’ in trial by Ben & Jerry’s owner
According to Unilever, the industry standard for freezer temperatures in many markets stands at minus 18 degrees Celsius (around 0 degrees Fahrenheit). The temperature of freezers in the trials will be minus 12 degrees Celsius. Chris Ratcliffe | Bloomberg | Getty Images Unilever — which owns brands including Ben & Jerry’s, Magnum and Wall’s — […]
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How a trip to rural Zambia, backed by U2 singer Bono, led Matt Damon to campaign for clean water
Hollywood superstar Matt Damon told CNBC that a visit to rural Zambia in 2006 first opened his eyes to the impact of a global water crisis that nobody was talking about. The Oscar-winning actor, producer and screenwriter co-founded nonprofit Water.org in 2009 with former civil and environmental engineer-turned-global water and sanitation expert, Gary White. Together […]
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McDonald’s closures in Russia cost the fast-food giant $127 million in Q1 — here’s what it could mean for the country
Two months after the fall of the Berlin Wall in 1989, McDonald’s — the very symbol of Western capitalism — opened its first store in the Soviet Union. It was a big moment, and the restaurant drew large crowds. More than 30 years later, amid pressure from U.S. consumers to protest Russia’s invasion of Ukraine, […]
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PepsiCo earnings beat estimates despite higher costs, company raises revenue forecast
In this photo illustration PepsiCo products are shown on October 05, 2021 in Chicago, Illinois. Scott Olson | Getty Images PepsiCo on Tuesday reported quarterly earnings and revenue that topped analyst expectations as consumers paid more for their Doritos, Quaker oatmeal and Gatorade. On the heels of its strong performance, the company raised its full-year forecast for […]
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Coca-Cola earnings beat Wall Street estimates as revenue jumps 16%
A person wearing a mask pushes a dolly cart past a Coca-Cola truck as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 16, 2020 in New York City. Alexi Rosenfeld | Getty Images Coca-Cola on Monday reported quarterly earnings that topped analysts’ expectations as consumers […]
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Russia was Pepsi’s second-largest international market. What happens next now that it’s pulled out?
Following Moscow’s invasion of Ukraine, multinational companies have withdrawn from Russia in staggering numbers. As of April 22, more than 700 U.S. companies have scaled back, suspended or exited their Russian businesses, including Starbucks, McDonald’s and Pepsi, according to the Yale School of Management. Russia is Pepsi’s second-largest international market, after Mexico. The company generated […]
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Impossible Foods could be at risk of losing a key patent in legal battle with Motif FoodWorks
Plant-based burgers developed by Impossible Foods Inc. are seen at the 2nd China International Import Expo (CIIE) at the National Exhibition and Convention Center on November 6, 2019 in Shanghai, China. China News Service | Getty Images Plant-based meat maker Impossible Foods could be at risk of losing a key patent as part of an […]
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Just Eat Takeaway is exploring a sale of Grubhub barely a year after buying the company
The Grubhub logo displayed on a smartphone screen. Rafael Henrique | Sopa Images | Lightrocket | Getty Images European food delivery giant Just Eat Takeaway.com said it’s considering a sale of Grubhub, its U.S. arm, after facing pressure from investors to explore strategic deals. Just Eat Takeaway.com’s board “confirms its alignment with shareholders in wanting […]
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