Vodka producer Central European Distribution Corp. is seeking bankruptcy protection to cut more than $665 million of its debt. The company is asking a U.S. Bankruptcy Court in Delaware to approve a reorganization plan, which would give ownership of the company to Roust Trading. Roust is owned by CEDC Chairman Roustam Tariko.
The H7N9 strain previously was known only to infect birds, and officials say they do not know why the virus is infecting humans now. The virus has been detected in live poultry in several food markets where human cases have been found, leading officials to think people are most likely contracting the virus through direct contact with infected fowl.
The craft brewing scene is exploding in Minnesota as it is across the country: Two-thirds of the breweries in the state have opened just since 2010, according to licensing records. Twenty of those started in the last year alone. Much of that growth has been driven on the local level by city officials, who see a new craft brewery in their town as a cultural and tourism magnet, a job creator and a growing economic engine.
Anheuser-Busch InBev has reached a tentative agreement with the Department of Justice over its disputed $20.1 billion acquisition of Mexican brewer Grupo Modelo. The world's largest brewer has been trying since June to buy the half of Grupo Modelo that it doesn't already own. The Justice Department sued to block the deal on concerns that it would stifle competition in the U.S.
Hundreds of thousands of pounds of frozen food recalled amid an E. coli scare may have been served in schools, according to the company that manufactured the items. Buffalo, N.Y.-based Rich Products Corp. has over the past two weeks recalled 10 million pounds of frozen food items after 27 E. coli illnesses in 15 states were linked to their foods.
Nassau Candy announced its market-wide reintroduction of favorite soda varieties from the early- and mid-1900's. The launch portfolio includes Dad's™ Root Beer, Pop Shoppe™, Jackson Hole Soda™, Johnnie Ryan Cane Sugar Soda™, Mexicana Cola™, and Nesbitt's of California™, Moxie, Jelly Belly®, Goose Island, and Bundaberg™, and will grow to include additional favorites to meet anticipated market demands.
Gerber Products Co., Del Monte Foods, Beech-Nut Nutrition Corp. and others are named in a lawsuit filed by Environmental Law Foundation. The group claims that baby foods and juices produced by the companies contain levels of lead that require warning labels under California Proposition 65.
A Utah man is trying to use his recognition as this year's national beekeeper of the year to focus attention on a major threat to the industry: colony collapse disorder. Darren Cox of Cache County, who has 5,000 hives in Utah, California and Wyoming, received the award from the American Honey Producers Association earlier this year.
The U.S. Department of Agriculture's statistical arm said it would restore some agricultural reports it had suspended because of automatic federal budget cuts after farmers and others in the dairy industry said the information was crucial to their business.
Harford County public schools have told parents that food served in the cafeterias of more than a dozen schools was recalled because of possible E. coli contamination. Schools spokeswoman Teri Kranefeld said Friday that Rich Products notified the schools Wednesday evening that it had recalled its pepperoni pizzatas. The food had been served in some cafeterias on Wednesday.
Ikea says it has withdrawn 17,000 portions of moose lasagna from its home furnishings stores in Europe after traces of pork were found in a batch tested in Belgium. Ikea spokeswoman Tina Kardum said the product had only been on sale for a month when it was pulled off the shelves on March 22.
The nation's largest baby food makers face a lawsuit by an environmental group aimed at forcing them to alert consumers that some products contains low amounts of lead. The case scheduled for trial Monday will determine whether they should put warning labels on such products sold in California.
Overall coffee consumption jumped by five percentage points this year, according to the NCA National Coffee Drinking Trends (NCDT) market research study. With this increase, 83% of the U.S. adult population now drinks coffee. At the same time, daily consumption remained strong and steady at 63%, while those who drink coffee at least once per week was up slightly to 75%.
Kraft Foods CEO Tony Vernon got a big pay bump last year after rising to the top spot as part of the company's split with its global snack business. Vernon was given a pay package worth $6.8 million in 2012, according to a filing made with the Securities and Exchange Commission on Friday. That's up 49 percent from $4.6 million the previous year.
Rich Products Corp. is now recalling all of the frozen snack foods produced at its Waycross, Ga., plant. The Buffalo, N.Y., company last week announced a voluntary recall of certain Farm Rich and Market Day products because of possible E. coli contamination. It has now expanded the recall to include everything made at the Georgia plant.
Engineering researchers at Rensselaer Polytechnic Institute have developed a new method to kill deadly pathogenic bacteria, including listeria, in food handling and packaging. This innovation represents an alternative to the use of antibiotics or chemical decontamination in food supply systems.
At least some Asian carp probably have found their way into the Great Lakes, but there's still time to stop the dreaded invaders from becoming established and unraveling food chains that support a $7 billion fishing industry and sensitive ecosystems, according to a scientific report released Thursday.
Mexico City authorities say seven workers died while cleaning a tank at a Grupo Modelo brewery in Mexico City. A spokeswoman for city prosecutors says the accident occurred early Sunday and that investigators are looking into whether the workers died from inhaling toxic fumes. The official spoke on condition of anonymity because she was not authorized to discuss the case.
Using nature as their inspiration, the researchers successfully attached cell lytic enzymes to food-safe silica nanoparticles, and created a coating (seen up close in this scanning electron micrograph image) with the demonstrated ability to selectively kill listeria — a dangerous foodborne bacteria that causes an estimated 500 deaths every year in the United States.
Missouri's Secretary of state, Jason Kander, has filed a cease-and-desist order against the organization underwriting bonds for a failed sweetener plant in Mamtek, Mo. The order alleges that the company did not investigate the sweetner company's business plans.