A jury in New York has awarded $12 million in punitive damages to a Florida billionaire in his dispute over pricey wine. Friday's federal court decision was another victory for William Koch. On Thursday, the Manhattan jury found that he was sold fake vintage wine by California businessman Eric Greenberg. It awarded Koch about $380,000 in compensatory damages.
The U.S. Department of Agriculture says a Louisiana-based meat packing company has expanded a recall of meat products because of possible bacterial contamination. No illnesses have been reported. The Manda Packing Company recall announced this past week now includes 468,000 pounds of roast beef, ham, turkey breast, tasso pork, ham shanks, hog headcheese, corned beef, and pastrami.
A court in India on Monday convicted a man of murder for a bomb blast that killed 17 people three years ago at a popular bakery in western India. The court also found Mirza Himayat Baig guilty of criminal conspiracy in the February 2010 blast at the German Bakery in the city of Pune, in the western Indian state of Maharashtra.
According to a new survey, American moms may be building their grocery lists based on misinformation about how their food was grown and raised. The Gate-to-Plate survey of more than 1,000 moms was commissioned by CommonGround, a grassroots coalition of farm women who want to foster conversations among all women — on farms and in cities — about where our food comes from and how it is raised.
The organic apples you buy in the grocery store will soon be free of a widely used antibiotic. The National Organic Standards Board late Thursday rejected a petition to allow growers to use the antibiotic oxytetracyline beyond the existing expiration date of Oct. 21, 2014.
Thermo Fisher Scientific Inc. has offered to pay about $13.6 billion to buy genetic testing equipment maker Life Technologies in a cash deal that will create a giant company serving research and specialty diagnostics. The Waltham, Massachusetts, company said Monday it has agreed to pay $76 in cash for each share of Life Technologies, which is based in Carlsbad, California.
The Kool-Aid Man, known for busting through walls and his "Oh yeah!" tagline, will now be computer-generated and take on the personality of a celebrity trying to show he's just a normal guy. In past ads, the character was played by an actor in foam costume and had little to say or do besides crashing through a wall with a big, smiley face.
The tomato has long been a near-obligatory garnishing for just about any Brazilian dish, yet it's becoming the country's apple of discord. A longer-than-usual rainy season, high fuel prices and superheated demand have combined to send prices for the beloved food soaring, and consumers are seeing red.
A prosecutor said Friday that an Indiana barn where investigators found starving animals living on top of more than 100 rotting carcasses was the worst case of animal cruelty he has seen, while one of the owners maintains that the conditions have been exaggerated.
Kool-Aid is unveiling a new look for its big red mascot Monday, April 15, 2013 as the powdered drink looks to refresh its image and tout a new liquid mix. The Kool-Aid Man will now be computer generated and take on the personality of a celebrity trying to show he's just a normal guy.
Wegmans Food Markets says it's recalling two fruit juice products because they may contain unacceptable levels of a byproduct of mold. The grocery chain says some 64 oz. containers of Wegmans Food You Feel Good About Organic Apple Juice and Wegmans Food You Feel Good About Organic Cranberry Juice Blend may contain patulin.
A measure of wholesale prices fell in March by the largest amount in 10 months, reflecting a big drop in gasoline prices. The March decline reflected a 6.8 percent plunge in gas prices, the sharpest drop since November. Overall energy prices fell 3.4 percent, the biggest decline in three years. Food prices posted a 0.8 percent rise in March.
Starbucks is cutting the suggested retail price of its bagged coffee sold in supermarkets, following similar moves by competitors amid falling commodity costs. The Seattle-based chain says 12-ounce bags of its whole and ground coffee will be $8.99, down from $9.99. The list price of its Seattle's Best coffee will also be slashed to $6.99 a bag, from $7.99. The new prices go into effect May 10.
The management of Dutch coffee maker D.E. Master Blenders 1753 NV says it has agreed to a 7.5 billion euro ($9.8 billion) buyout offer from a group led by private German investment company Joh. A. Benckiser GmbH. The offer of 12.50 euros per share announced Friday is 30 percent higher than where Master Blenders shares closed on March 27, the day before it announced it was in takeover talks with Benckiser.
A Florida billionaire said he planned to drink a glass of wine to celebrate a federal jury's conclusion Thursday that he was defrauded by a California businessman who sold him two dozen bottles of fake vintage wine at a 2005 auction. The jury in U.S. District Court in Manhattan awarded William Koch $380,000 in compensatory damages for the counterfeit bottles of Bordeaux labeled as if they were created from 1864 to 1950.
Wine sales in the U.S. from all production sources — California, other U.S. states and foreign countries — increased 2% from the previous year to a new record of 360.1 million 9-liter cases with an estimated retail value of $34.6 billion, according to wine industry consultant Jon Fredrikson of Gomberg, Fredrikson & Associates in Woodside.
As a new strain of Bird Flu sweeps through China, many consumers are swearing off chicken. Yum Brands has said the epidemic has had a "significant, negative impact" on it's KFC business in the country, despite the fact that Bird Flu cannot be contracted through eating properly handled chicken.
An Iowa company has recalled more than 1,000 pounds of pork jerky because the product's label doesn't list wheat, which can cause an allergic reaction for some consumers. Formosa Food Co., of Hull, is recalling 16-ounce individual packages of Formosa Brand Pork Szu, a cooked seasoned dried pork product.
A shuttered pasta plant in the northeastern North Dakota city of Cando might reopen soon under new ownership. A group of local buyers hopes to close a deal to purchase the former Noodles by Leonardo plant by the end of the month, Towner County Economic Development Director JoAnn Rodenbiker told the Grand Forks Herald.
The caffeinated concoctions sound like something out of a mad scientist's lab: coffee infused with bacon or caramelized tangerine; spiced orange reduction or liquefied cheesecake. After months of preparation and percolation, the country's top baristas are giving it their best shots in Beantown.