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McDonald's profit dips as US sales slump

Fast-food chain McDonald's said Tuesday its first-quarter profit dropped 5.2 percent amid declining sales in its key US home market, and vowed to boost global sales. Profit for the first three months of the year was $1.20 billion compared with $1.27 billion in the year-ago period. Diluted earnings per share of $1.26 were down 4.0 percent from a year ago and came in three cents shy of Wall Street expectations. Revenues rose 1.4 percent to $6.70 billion, slightly below estimates.

McDonald's profit dips as US sales slump

Fast-food chain McDonald's said Tuesday its first-quarter profit dropped 5.2 percent amid declining sales in its key US home market, and vowed to boost global sales. Profit for the first three months of the year was $1.20 billion compared with $1.27 billion in the year-ago period. Diluted earnings per share of $1.26 were down 4.0 percent from a year ago and came in three cents shy of Wall Street expectations. Revenues rose 1.4 percent to $6.70 billion, slightly below estimates.

Japan to phase out rapeseed, cotton oil tariffs in FTA with Australia

Japan will phase out tariffs on rapeseed and cottonseed oil over a decade under a free trade agreement with Australia, the agriculture ministry said Tuesday. Japan, which has already concluded FTAs with 13 other economies, has thus agreed to repeal tariffs on these products for the first time under a bilateral FTA. The Japanese tariff on rapeseed oil imports ranges from 10.9 to 13.2 yen per kiloliter, while that on cottonseed oil imports stands at 8.5 yen per kiloliter.

Juicy court case leaves Coca-Cola on defensive

Coca-Cola was taken to task by the US Supreme Court on Monday, with justices questioning whether a drink sold as fruit juice was the real thing. The US soft drinks giant is being sued by Californian fruit juice maker Pom Wonderful, who accuse Coca-Cola of misleading consumers about its Minute Maid drink "Pomegranate Blueberry" that contains only 0.5 percent of the two fruits. Pom Wonderful attorney Seth Waxman said consumers were being misled by Coca-Cola branding the drink -- which was mostly apple or grape -- as "Pomegranate Blueberry."

Supreme Court appears likely to back Pom Wonderful in juice label dispute with Coke

WASHINGTON - Count Supreme Court Justice Anthony Kennedy among consumers who feel misled by a beverage called "Pomegranate Blueberry Flavored Blend of 5 Juices." The drink was the subject of a lively debate Monday as the high court considered whether to allow false advertising claims against the Coca-Cola Co., which markets the beverage under its Minute Maid unit. Juice maker Pom Wonderful, which sells its own line of pomegranate juice blends, says the label is misleading because 99 per cent of its competitor's juice is either apple or grape.

Kraft recalls 96,000 pounds of hot dogs due to undeclared allergen

(Reuters) - Kraft Foods Group Inc is recalling about 96,000 pounds of Oscar Mayer Classic Wieners because the packages may instead contain Classic Cheese Dogs made with milk, a known allergen. The product labels are incorrect as they do not reflect the ingredients associated with the pasteurized cheese in the cheese dogs, the U.S. Department of Agriculture's Food Safety and Inspection Service (FSIS) said in a statement on Sunday.

Kraft recalls 96,000 pounds of Oscar Mayer wieners because they may mistakenly contain cheese

NEW YORK, N.Y. - Kraft Foods is recalling 96,000 pounds of its Oscar Mayer wieners because they may mistakenly contain cheese. The U.S. Department of Agriculture's Food Safety and Inspection Service said Sunday that packages of Kraft's "Oscar Mayer Classic Wieners" may instead contain the company's "Classic Cheese Dogs." The agency says the product labels are incorrect and do not reflect the ingredients associated with the pasteurized cheese in the cheese dogs. Those products were made with milk and the known allergen is not declared on the label.

Food for inmates in court inadequate, say some Ontario lawyers

TORONTO - A granola bar here, a cheese sandwich there — the lunches given to prisoners in Ontario courthouses don't provide nearly enough nutrition to allow them to properly defend themselves, some lawyers say. People in custody in the province's jails and detention centres get a good amount of food for breakfast, lunch and dinner, but that changes on days they are brought to court, says criminal defence lawyer Scott Reid. "In my experience the food they receive when they're at court is woefully inadequate," he says.

Danish website turns homes into take-away restaurants

A Danish website is turning private homes into take-away restaurants by letting users advertise what they are cooking, when and for what price. "Sometimes I only put one serving up for sale, sometimes up to 20. It depends on what I'm making and how much time I have," said Ana Teresa Salas, a 32-year-old consultant from Copenhagen. The website, Dinnersurfer.dk, is sometimes described as a restaurant version of the popular lodging site Airbnb, on which homeowners make their spare rooms or unoccupied dwellings available to paying lodgers for a fee.

Some Southern California customers charged thousands of dollars for Del Taco meals in error

SANTA PAULA, Calif. - What was supposed to be a cheap bite at Del Taco turned out to be small fortune for some Southern California customers. About 150 people who ordered this week at the Mexican-style fast food chain in Santa Paula, 65 miles northwest of Los Angeles, were mistakenly charged thousands of dollars for burritos, tacos and soft drinks. Customer Michael Cole said he was surprised when he was charged $4,050 for one CrunchTada Pizza and two beef tacos. He discovered the error Friday when he tried to withdraw $20 from an ATM and was denied.
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