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- BNET Author Biography
Dan Mitchell has spent the past 20 years writing and editing for newspapers,magazines, and Web publications. Currently, he writes the What's Online columnfor the Saturday business section of the New York Times. He has also writtenfor the Chicago Tribune, the Minneapolis Star-Tribune, National Public Radio,Business 2.0, and Wired.- more about Dan Mitchell »
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- Whole Foods CEO Blames the Media
- Everybody needs groceries, but not everybody needs Whole Foods. So when the economy falters, some of that pricey grocery chain's customers are going to opt for less expensive fare. That sobering to Whole Foods fact was made glaringly clear in the company's quarterly results, issued late on...
- Blog posts 2008-05-14
- Report: McDonald's Specialty Coffee Sales 'Tepid'
- In January, Chris Dannen predicted on Fast Company magazine's blog that McDonald's would me "maimed" by its attempt to take on Starbucks by offering a new line of specialty coffees. The new drinks will have "little more than the potential to alienate customers, confuse its menu and open up a...
- Blog posts 2008-05-13
- Buffalo Wild Wings Prospers by Focus on Regular Guys
- What explains the success of Buffalo Wild Wings, the 500-unit restaurant chain that recently reported an 18 percent gain in first-quarter profits? Maybe it's the fact that the Minneapolis-based company "stays true to wings, beer and sports," as Kathy Benning, Buffalo Wild Wings' senior vice president of...
- Blog posts 2008-05-13
- Hansen Has a Great Quarter, but Not to Wall Street
- After plowing through news reports after a company reports earnings, it's often refreshing to take a look at the Motley Fool. While wire services, newspapers and most stock-oriented blogs tend to focus on whether or not a company has "met Wall Street expectations" for the latest quarter, the Fool --...
- Blog posts 2008-05-09
- Tax Rebates Unlikely to Help Restaurants
- The tax rebate checks being mailed out by the federal government won't do much for the restaurant industry, according to a survey by Technomic. The foodservice research outfit found that about 10 percent of consumers plan to use their checks to indulge in a night out at a nice restaurant,...
- Blog posts 2008-05-09
- Sara Lee Able to Pass on Rising Costs
- Like all food producers, Sara Lee is dealing with soaring costs of basic commodities. Unlike many, however, it has been able to pass those costs on to consumers. The trouble is, most of its other costs are rising, too. Forbes.com lists them in the first paragraph of...
- Blog posts 2008-05-06
- Lancaster Colony Takes its Time Shedding Superflous Businesses
- More than two years ago, Barington Capital Group started pressuring Lancaster Colony, an Ohio company that makes an odd amalgam of products including specialty foods, glassware, candles, and automotive accessories, to change its ways. And it has promised to do so -- but it has been taking its time. ...
- Blog posts 2008-05-05
- Jones Soda Pushes for Expansion Despite Sinking Economy
- Just over a week ago, Jones Soda announced in a filing with Securities and Exchange Commission that three of its directors would not be standing for re-election. The departures of Scott Bedbury, John Gallagher Jr and Alfred Rossow Jr were "not because of a disagreement with the company, nor...
- Blog posts 2008-05-02
- Starbucks Unveils New Drinks, Reports Weak Earnings
- Few foodservice outfits could introduce new products and get the kind of attention Starbucks is getting for its introduction, first reported by the Wall Street Journal, of a fresh-fruit smoothie and a "sweet, ice beverage" developed with the help of "an Italian company." Neither the names nor...
- Blog posts 2008-04-30
- ADM Profits Soar; CEO Lashes Out at Ethanol Critics
- Archer Daniels Midlands' ethanol business is down, and its costs are growing. Costs are also squeezing its mainstay corn syrup operations and its oilseeds-processing business. And yet on Tuesday, it released third-quarter results showing profits up by 42 percent and sales up by 64 percent. That's because...
- Blog posts 2008-04-29
- Chicago May be Losing Cachet, but Buffett Still Likes It
- An October 2000 cover story in BusinessWeek magazine caused quite a stir. Chicago is a "great, livable city," the magazine declared, but it was losing its status as a global business center. That was five years before the takeover of the storied retailer Marshall Field by Macy's...
- Blog posts 2008-04-28
- Are Ethanol and Washington Headed for 'Divorce'?
- Now that food riots are breaking out around the world, there are serious moves being made to get the federal government to cut back on the subsidies it gives to ethanol producers, and to retire the laws mandating ethanol production. Ethanol is increasingly taking blame for pushing...
- Blog posts 2008-04-25
- Peltz Gets Wendy's for a Song; Now Comes the Tricky Bit
- Early reaction to the takeover of Wendy's International by the particularly active activist investor Norman Peltz, announced Thursday, is coming in. The Wall Street Journal's Deal Journal blog is reporting that Peltz's Triarc, which owns 9.8 percent of Wendy's, was pushed into closing the deal by a...
- Blog posts 2008-04-24
- Burger King Plans to Sell $170 Sandwich in London
- Burger King, apparently as part of its effort to recast itself in Europe, and specifically England, as a "premium" eatery, said on Wednesday that it planned to offer a cheeseburger costing 85 pounds, or about $170, in some upscale London neighborhoods and suburbs. The burger will contain...
- Blog posts 2008-04-23
- Pricing Strategy Helps Corn Products International Thrive in a Tough Market
- Corn Products International posted first-quarter results on Tuesday showing that its net income soared 29 percent over last year, while net sales rose 22 percent. Furthermore, it boosted its profit estimates for the full year. How is it that a corn processor is able to report such...
- Blog posts 2008-04-22
- Kroger Hires Head of Multicultural Marketing
- Kroger has spent several years expanding its selections, particularly of ethnic foods. Now, it has created a new management position and hired Angel Colon, a veteran of Goya Foods and Kellogg, to head "multicultural business development." Colon "will be responsible for enhancing Kroger's approach to serving its...
- Blog posts 2008-04-21
- Reddy Ice Feels the Heat
- What's causing that creaking sound under the skates of Reddy Ice? Is it the lawsuits filed against it alleging that the company is involved in an "international conspiracy" to fix prices? Is it the state and federal government probes of similar accusations? Is it the buyout deal that fell apart...
- Blog posts 2008-04-18
- Despite Chiquita Loss, CEO Doubles His Pay
- Chiquita Brands International lost $49 million last year, and so CEO Fernando Aguirre got no cash bonus. Nonetheless, he managed to nearly double his total compensation for the year to $5.4 million, according to documents filed this week with the Securities and Exchange Commission. That comes thanks...
- Blog posts 2008-04-17
- Coke's Moves Away From Corn Bear Fruit
- The combination of rising commodities prices and the weak economy is putting a lot of food and beverage companies in a bad position. But there are exceptions, and Coca-Cola Co. is one of them. The company on Wednesday reported first-quarter results that substantially exceeded expectations. It helps that three-quarters of...
- Blog posts 2008-04-16
- Big Payday for Fired Cott CEO
- For a chief executive who just finished presiding over a breathtaking corporate downfall, Brent Willis, the recently ousted CEO of Canadian soft-drink maker Cott, is taking home a nice chunk of money. The company filed documents with the Securities and Exchange Commission revealing that Mr. Willis will...
- Blog posts 2008-04-15
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