US

Costco Profit Drops As Demand Wanes From Higher-Income Shoppers

Costco Wholesale Corp. posted second-quarter earnings that trailed analysts’ estimates as higher-income shoppers show signs of curtailing spending....

Cheese Executive Pleads Guilty In Parmesan-Misbranding Case

The president of a Pennsylvania cheese producer admitted to passing off cheaper varieties as pure grated Parmesan and Romano and distributing them under va...

Kraft Heinz Tops Profit Estimates After Condiment Sales Grow

Kraft Heinz Co., formed by a merger of two US food giants in July, posted quarterly earnings that topped estimates, helped by growth of condiment sales....

Wal-Mart Sued Over Parmesan Cheese With Wood Pulp Filler

Wal-Mart Stores Inc. was accused in a lawsuit of defrauding customers by selling Parmesan cheese touted as pure that contained wood pulp as filler. The...

New York Grocer Fairway On The Brink of Default As Losses Mount

Fairway Group Holdings Corp., the New York gourmet grocery chain that once had ambitions of a nationwide expansion, is approaching default after years of r...

Land of Steak-Frites Fears US Beef Menace In EU Trade Deal

For Bruno Dufayet, the latest round of trade talks between the European Union and the US could sound the death knell for France’s small cattle farms....

Wal-Mart Lowers Forecast After US Dollar Crimps Overseas Sales

Wal-Mart Stores Inc.lowered its annual sales forecast in a move it blamed on the strong dollar, adding another headache to a retailer struggling with slow...

Wholesale Prices in US Unexpectedly Rise On Higher Food Costs

Wholesale prices in the U.S. unexpectedly increased in January as higher food costs more than made up for the plunge in energy. The 0.1 per cent gain in t...