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CEO says Bank of America aims to ‘double’ its U.S. consumer market share: FT

Reuters
FILE PHOTO: Bank of America CEO Brian Moynihan attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 22, 2019. REUTERS/Arnd Wiegmann (Reuters) – Brian Moynihan, the chief executive officer of Bank of America Corp (BAC.N), has said the bank could double its consumer market share in the......
Food Business News

Passing the taste test with potassium | 2019-12-26

FoodBusinessNews
KANSAS CITY  —Potassium may be added to food applications from baked foods to beef jerky. Americans could consume more potassium, especially since it assists in reducing sodium, which Americans tend to consume at levels that are too high. Adding potassium to many applications, however, may bring taste issues. “Potassium helps......
Food Business News

Tumultuous year in trade marked by successes and uncertainty | 2020-01-17

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WASHINGTON — The Trump administration achieved some notable trade successes in 2019, first among which was the negotiation of the U.S.-Mexico-Canada Agreement to modernize and replace the 26-year-old North American Free Trade Agreement. At the same time, in other instances, success on the trade front was more qualified. In the case......
Food Business News

Pop Bitties launches as popcorn alternative | 2020-01-17

FoodBusinessNews
BOSTON — Mark’s Mindful Munchies, Inc. is entering the snack market with the launch of Pop Bitties air popped whole grain sorghum. The popcorn alternative is corn-free, gluten-free and made using high oleic expeller pressed sunflower oil. The Non-GMO Project verified snack includes B vitamins, magnesium, iron, calcium and potassium.......
Food Business News

Mtn Dew debuts Amp Game Fuel Zero | 2020-01-17

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PURCHASE, N.Y. — One week after introducing Mtn Dew Zero Sugar, PepsiCo, Inc. is launching another zero-sugar beverage line under the Mtn Dew brand: Mtn Dew Amp Game Fuel Zero. The new sugar- and calorie-free beverage is made with theanine and caffeine, which combined improve accuracy and alertness for competitive......
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Keto-friendly microwavable snack cups debut from Birch Benders | 2020-01-17

FoodBusinessNews
DENVER — Birch Benders is catering to both keto and convenience seeking consumers with the introduction of Birch Benders Cups, a new line of microwavable, keto-friendly snack cups. The single-serve, gluten-free treats are made with almond flour, tigernut flour and coconut flour and are sweetened with erythritol and stevia. The......
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Panera fills digital leadership role with Hanson | 2020-01-17

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ST. LOUIS — George Hanson has joined Panera Bread Co. as senior vice-president and chief digital officer. Prior to joining Panera, Mr. Hanson was with Under Armour, most recently as vice-president of North America e-commerce and retail. Earlier, he was vice-president of e-commerce at Lane Bryant and also spent more......
Food Business News

Tyson teams with Instant Pot to launch new meal kits | 2020-01-17

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SPRINGDALE, ARK. — Tyson Foods, Inc. has partnered with Instant Brands Inc. to develop new Tyson Instant Pot Kits. Designed to cook in the Instant Pot in 20 minutes, the fully prepared kits contain Tyson 100% natural chicken with no antibiotics ever, premium long-grain rice and sauces. The kits come......
Food Business News

Slideshow: New products from Campbell Soup, Nestle, Unilever | 2020-01-17

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KANSAS CITY — New sweet treats are arriving on shelves, ranging from cookies to cookie dough to ice cream. The Campbell Soup Co. is bringing its Pepperidge Farm brand into the gluten-free segment with the launch of gluten-free Farmhouse Thin & Crispy milk chocolate chip cookies and butter crisp cookies.......
Food Business News

Study links milk consumption to aging | 2020-01-17

FoodBusinessNews
PROVO, UTAH — A recent study found people who drink low-fat milk may experience up to several years less biological aging than people who drink high-fat milk. Larry Tucker, professor of exercise science at Brigham Young University, examined the relationship between telomere length and milk consumption in more than 5,800......
Food Business News

Ben and Jerry’s drops ‘happy cows’ claim | 2020-01-17

FoodBusinessNews
BURLINGTON, VT. — Ben and Jerry’s is removing the claim that its ice cream comes from “happy cows” on all packaging. The news came in the company’s response to a class action lawsuit filed in October, which accused the Vermont-based ice cream maker and parent company Unilever of misleading consumers.......
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Grain-based foods industry seeks ways to slow pace of category losses | 2020-01-17

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KANSAS CITY — That the grain-based foods industry is losing market share to other food categories isn’t new. The pace at which the losses are transpiring and the urgency with which the industry is exploring ways to boost business definitely is a major concern. The weak trends have fueled varied numerous......
Food Business News

Nestle adds two varieties to edible cookie dough lineup | 2020-01-16

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ARLINGTON, VA. — Six months after the launch of its edible cookie dough, Nestle USA has introduced two new varieties: Funfetti and brownie batter. The new flavors join the line’s existing chocolate chip and peanut butter chocolate chip monster varieties. The refrigerated product has a suggested retail price of $5.39......
Food Business News

Lallemand expands in North America | 2020-01-16

FoodBusinessNews
MONTREAL — Yeast-based ingredient producer Lallemand is strengthening its position in the North American market with the acquisition and transformation of a new production site in Cornwall, Ont. Production at the yeast extraction facility has begun following more than a year of refurbishment and investment in new equipment. Cornwall’s strategic......
Food Business News

Ruby Tuesday to offer plant-based burger from Nestle | 2020-01-16

FoodBusinessNews
MOSS LANDING, CALIF. — Nestle S.A. is expanding its plant-based Sweet Earth Awesome Burger to the food service channel. The meatless burger will launch nationally at all Ruby Tuesday locations on Jan. 17. The Sweet Earth Awesome Burger, developed by the Sweet Earth culinary team with R.&D. support from Nestle,......
Food Business News

Meat and poultry market combats plant-based movement, A.S.F. | 2020-01-16

FoodBusinessNews
KANSAS CITY — While the spread of African swine fever (A.S.F.) in Asia and plant-based protein “meat” alternatives in the United States garnered many headlines in 2019, U.S. red meat and poultry supplies remained ample, if not record high. Per capita red meat and poultry disappearance in the United States in......
Food Business News

Nestle investing $2 billion in sustainable packaging innovation | 2020-01-16

FoodBusinessNews
VEVEY, SWITZERLAND — Nestle S.A. said it will invest up to 2 billion Swiss francs ($2.07 billion) to accelerate the development of sustainable packaging solutions. The company has committed to sourcing up to 2 million tonnes of food-grade recycled plastics and allocating more than 1.5 billion Swiss francs ($1.56 billion)......
Food Business News

U.S., China sign phase one of trade pact | 2020-01-16

FoodBusinessNews
WASHINGTON — President Donald Trump and Chinese Vice-Premier Liu He on Jan. 15 signed the Economic and Trade Agreement between the United States and the People’s Republic of China (the much anticipated phase one deal), marking a truce in what had been a steadily escalating trade war. Among key concessions......
Food Business News

Illes Foods names fourth generation c.e.o. | 2020-01-16

FoodBusinessNews
CARROLLTON, TEXAS — Cristin Illes Kahale has been named chief executive officer at Illes Foods, a family-owned and operated seasoning, sauce and beverage flavor manufacturer. Ms. Kahale is a fourth-generation member of the Illes Family. She held several roles since joining the business in 2007. Most recently she was vice-president......

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