Topic: Folgers Coffee
Kraft Foods' net income rose 13 percent in the company's fist earnings report following a recent split from its snack division. Kraft Foods is looking to redefine itself following the loss of glamorous brands including Oreo, Cadbury, and Nabisco.
Stock market was buoyed by good news about jobs and housing. The Dow rose 123 points to close at 12904, within 100 points of 13000. Gains on the stock market overlooked problems in Greece for the time being.
Coffee prices are up because of rising demand, higher fuel costs. High coffee prices has roasters, retailers struggling to cover costs.
06/23/2011 11:21 pm
The Dow fell about 25 points, after rising and falling throughout the session. A positive call on commodities by Goldman Sachs drove up the price of oil and metals.
05/24/2011 05:34 pm
Pringles to be acquired by Diamond Foods from Procter & Gamble. Diamond takes big step into snack food market with Pringles.
04/05/2011 11:53 pm
Packaged coffee will cost Starbucks patrons 12 percent more on average starting Friday. The move comes after Folgers hiked its packaged coffee prices by 10 percent on average.
03/19/2011 12:26 am
The Consumer Price Index, a measure of the inflation rate, rose 0.4 percent in December and January. This is the first time the CPI has increased this much for two straight months since 2008.
02/17/2011 01:45 pm
When everything is shouted into a megaphone (repeated across 500 websites), it all sounds so urgent and essential. But it isn't.
12/14/2010 10:15 am
Starbucks prices will be going higher, CEO Howard Schultz said. The prices of basic coffee and espresso drinks will stay the same. But Starbucks will hike prices on packaged coffee and large, labor-intensive drinks. Does that mean frappuccinos?
09/23/2010 11:18 pm