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Tim Hortons names new CEO; profit and stock drop

By Euan Rocha and Susan Taylor TORONTO (Reuters) - Tim Hortons Inc <THI.TO> named a long-time Nestle executive as its new chief on Wednesday, a job that will be no easy task given drooping demand at the Canadian coffee and doughnut chain and a push by a U.S. hedge fund for better returns. Shares of Tim Hortons, which boasts that it sells eight of every 10 cups of coffee sold in Canada, fell more than 2.5 percent after the company posted its first decline in established store sales since its 2006 initial public offering.

McDonald's cuts Angus burgers from menu after 4 years

NEW YORK, N.Y. - McDonald's is cutting the Angus burger from its menu. The Oak Brook, Ill.-based chain had said earlier this year that it was evaluating whether to continue selling the Angus Third Pounders, which were introduced in 2009. The company also said at the time that it was it was cutting Chicken Selects and Fruit

Best restaurant in the US: Blue Hill in New York City

Chef Dan Barber’s New York City dining destination Blue Hill has been inducted into an exclusive club of restaurants deemed to be the best in the US at an event known as the Oscars of the American food scene. On Monday night, Barber took home the gastronomic equivalent of the Best Picture award at the James Beard Foundation Awards in New York, where Blue Hill was named Outstanding Restaurant.

The best chefs in the US: 'It's a tie!'

At an event known as the Oscars of the US food world, the culinary equivalent of the Best Actor award featured a rare tie result, with Momofuku chef David Chang and Blackbird chef Paul Kahan sharing the title this year. As the words "It’s a tie!" flashed across the big screen in New York’s Lincoln Center, a murmur of surprise swept across the audience, a group made up of the country’s culinary glitterati who swapped their chef’s coats and aprons for tuxedos and designer frocks.

Dutch order probe into baby milk sales to China

The Dutch government on Wednesday ordered an investigation into persistent shortages of certain brands of baby formula, blamed on networks of traffickers who ship milk powder to China where it is sold at premium prices. Deputy Economic Affairs Minister Sharon Dijksma ordered the Dutch Food and Consumer watchdog to probe a huge rise in demand for baby formula linked to so-called "baby milk runners", who bulk-buy powder in shops before sending it to China where it is resold to young parents fearful of local products.

Dutch order probe into baby milk sales to China

The Dutch government on Wednesday ordered an investigation into persistent shortages of certain brands of baby formula, blamed on networks of traffickers who ship milk powder to China where it is sold at premium prices. Deputy Economic Affairs Minister Sharon Dijksma ordered the Dutch Food and Consumer watchdog to probe a huge rise in demand for baby formula linked to so-called "baby milk runners", who bulk-buy powder in shops before sending it to China where it is resold to young parents fearful of local products.

Best restaurant in the US: Blue Hill in New York City

Chef Dan Barber’s New York City dining destination Blue Hill has been inducted into an exclusive club of restaurants deemed to be the best in the US at an event known as the Oscars of the American food scene. On Monday night, Barber took home the gastronomic equivalent of the Best Picture award at the James Beard Foundation Awards in New York, where Blue Hill was named Outstanding Restaurant.

Old Dutch Foods to close Lachine, Que., plant; 216 people affected

MONTREAL - Old Dutch Foods Ltd. says it will close its plant and warehouse operations in Lachine, Quebec effective Sept. 27. The company says the plant has ‘‘reached the end of its economic life‘‘ and it is not feasible to renovate the plant. There are 216 people either actively employed or on temporary layoff at the plant just west of Montreal who will be affected by the closing. The plant was built in 1964 by Humpty Dumpty Inc. and has been in continuous operation as a snack food plant since then. Humpty Dumpty was acquired by Old Dutch Foods in 2006.

Lights, camera, sell: Small businesses cash in as they take the spotlight on reality shows

NEW YORK, N.Y. - There's no business like small business. Mix the high stakes of running a small business with a dash of family drama and throw in a camera crew and you get hit reality television shows such as "Pawn Stars," ''Welcome to Sweetie Pie's" and "Duck Dynasty."

Tim Hortons says creation of a REIT wouldn't create value for company

TORONTO - Tim Hortons Inc. (TSX:THI) has finally found a new leader nearly two years after the abrupt exit of its former CEO, but it doesn't plan to make any sweeping changes in the short term, despite recent calls from an investor. The company, which reported weaker earnings on Wednesday, said it won't spin off of its real estate holdings because it "would not create significant value" for the company. Chief financial officer Cynthia Devine told analysts on a conference call the company has examined the possibility of a real estate trust.
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