Kraft Foods Group Inc.'s shares opened at $45.55 Wednesday before surging to $58.54. Nasdaq says it is looking into "potentially erroneous transactions" and will cancel all trades above $47.82 that happened during a one-minute window at 9:30 A.M. EDT.
Produce company Chiquita Brands International Inc. has named Edward F. Lonergan as its CEO and president to help with its turnaround efforts. Chiquita previously announced a cost-cutting plan aimed at saving $60 million annually by streamlining its administrative and manufacturing costs.
With drought drying out grazing land and driving up hay prices, some ranchers in New Mexico have started cutting neighbors' fences or leaving gates open so their cattle can graze on greener pastures. Authorities in other drought-stricken states say they've seen similar fence cuttings, along with thefts of livestock and other material.
Tony Vernon, CEO of Kraft Foods Group, Inc., Tuesday joined employees in the company's Northfield, Ill., headquarters to ring the Opening Bell of the NASDAQ Stock Market and kick off the new food and beverage company's first day of trading as an independent company.
Canadian grocers and industry delegates voted on the innovative products at the grocery industry conference and trade show. Attendees had the chance to test and review hundreds of new products for the year ahead. Products were evaluated based on three criteria: most unique, most buzzworthy and best consumer response.
Ag Processing Inc. plans to expand one of its soybean processing plants in Minnesota to boost production of a soy feed additive for cattle. AGP said Tuesday it plans to invest millions of dollars in expanding the Dawson, Minn., plant, but the company did not say exactly how much the project will cost.
Dogs of all sizes, shapes, ages and breeds united today to “Doggupy” New York City’s Union Square Park, turning out for a demonstration to demand nutritious, real, whole food and call for an end to the inferior kibble that they’ve been fed for too long.
Smart Balance, Inc., a company that specializes in gluten-free diets, plant-based diets and other health foods, is moving its headquarters to Boulder, Colo. The company, now based in New Jersey, announced Tuesday that it will also change its name to Boulder Brands, Inc.
In the September 2012 issue of Food Technology magazine published by the Institute of Food Technologists (IFT), Contributing Editor A. Elizabeth Sloan’s article discusses the latest trends in the dairy case. Here are 10 interesting statistics regarding consumption of new and innovative dairy products in the U.S.
Utah regulators called Monday for stricter controls on industrial emissions to reduce sooty pollution that typically settles in the heavily populated Wasatch Front for weeks in bowl-shaped valleys that trap smog. Regulators opened a month-long public comment period Monday on three sets of comprehensive clean-air plans for northern Utah.
Another day, yet another recall of beef products from Alberta's XL Foods. The Canadian Food Inspection Agency says in an updated health hazard alert released overnight that dozens of additional products, including roasts and sausages, have been added to a long list of recalled beef.
The Thai Cabinet has extended a rice-buying scheme that has been plagued by complaints of corruption and threatens the country's long-time reign as the world's top rice exporter. The Cabinet approved a tentative budget of 240 billion baht ($7.8 billion) to buy 15 million tons of rice at above-market prices from farmers for another year.
The president of the Humane Society of the United States said that he's seeking a spot on Tyson Foods Inc.'s board of directors in an attempt to convince one of the world's largest meat companies to move away from cramped cages for pregnant pigs.
Kraft Foods Group and Mondelez International are set to begin trading as two separate public companies on Tuesday. Kraft Foods Inc. decided to spin off its global snack business in March. That company, called Mondelez International Inc., will be home to global brands including Oreo, Cadbury and Nabisco and trade under the ticker "MDLZ."
Molson Coors Brewing Co. said Monday that it will combine its U.K. and Ireland business with its recently acquired businesses in Central Europe. The maker of Coors Light and Miller Light had acquired StarBev this summer to expand into central and eastern Europe.
Oregon authorities are investigating how a farmer Terry Vance Garner was eaten by his hogs. After Garner did not return from a trip out to feed his animals on Wednesday, a family member found Garner's dentures and pieces of his body in the hog enclosure, but most of his remains had been consumed.
Ocean Spray Cranberries, Inc., the world's largest cranberry cooperative, celebrates the opening of its $26 million state-of-the-art cranberry receiving station in Richmond, British Columbia. The new facility can process 100 million pounds of cranberries a year in the BC area, one of the largest cranberry-growing regions in the world.
A federal judge dismissed an American Indian tribe's lawsuit Monday that blamed beer makers and nearby stores for chronic alcoholism on an impoverished South Dakota reservation, saying the case belonged in state court but gave a subtle nod to the tribe's claims.
Canada's National Democratic Party (NDP) Leader Tom Mulcair and acting Liberal counterpart Bob Rae took turns during question period taking the governing Conservatives to task for failing to alert Canadians about meat from an Alberta packing plant that's tainted with E. coli.
Authors David Zinczenko and Matt Goulding revealed their annual list of the "20 Worst Foods in America," which includes the nation's worst pizza, fish, appetizer, chicken and more at major restaurant and fast-food chains across the country.