Growth in the cranberry industry has been slower than expected, as nations continue to struggle with the Great Recession and its aftermath, said Tom Lochner, executive director of the Wisconsin State Cranberry Growers Association. Growth of 2 percent to 3 percent overseas, coupled with flat demand in the U.S., left farmers with a huge excess of cranberries this fall after an unexpected jump in production in Canada, he said.
Prime Advantage announced the findings of its fifth annual Group CFO Survey, revealing financial projections and top concerns of its member companies’ CFOs in 2013. These CFOs remain optimistic about financial prospects and are focused on growth, as indicated by increased hiring, capital and R&D investments.
The Wendy's Co. on Monday named a former Kellogg's snacks division chief as the fast-food chain's chief financial officer. Todd Penegor, 47, will join Wendy's in June and will succeed Steve Hare, 59, as senior vice president and chief financial officer on Sept. 1.
All told, about Chin 400 refugees have descended on Columbus Junction, and more are arriving by the week to reunite with friends and relatives and work grueling jobs for Tyson. Like other waves of immigrants, they were drawn to this poor, sparsely populated region of southeastern Iowa by the promise of jobs, good schools and welcoming people.
The growers associations for Massachusetts and Wisconsin said Monday, May 6, 2013, that cranberry farmers who spent millions of dollars to replant and expand bogs are facing a financial crisis after a huge harvest in Canada flooded the market and sent prices plummeting.
You can now say New Holland Brewing Co. founder Brett VanderKamp wrote the book on craft brewing. It was 16 years ago that the Hope College graduate began making small batches of craft beer, according to The Holland Sentinel. Now, with co-author Greg Smith, VanderKamp has shared his microbrewery insights in a newly released book called "Art in Fermented Form: A Manifesto."
Manda Fine Meats' deli and specialty meat products are returning to store shelves this weekend. The Baton Rouge meat packing company said in a news release that it expects distribution to be near normal within a few weeks, The Advocate reported.
Tyson Foods' second-quarter net income dropped 42 percent as it contended with additional feed costs in its chicken unit and reduced margins in its beef division. The company's biggest meat company cut its full-year revenue forecast. Shares fell 6 percent in premarket trading on Monday.
The fight between Monster Beverage and San Francisco's city attorney is intensifying. The city attorney is filing a lawsuit accusing the energy drink maker of marketing to young children. City Attorney Dennis Herrera said Monday that Monster markets it highly caffeinated drinks to children as young as 6 years old, despite scientific findings that such products can cause health problems including severe cardiac events.
In its first-ever lab analysis of ground turkey products, Consumer Reports found potential disease-causing organisms in most of the samples it tested, many of which proved resistant to more than three antibiotic drug classes. Consumer Reports tested 257 samples purchased from stores nationwide. NTF refuted what it called numerous misleading claims, and challenged the methodology in the report.
Beloved, wholesome fruit is moving beyond its everyday snack and juice roles to inspire a host of new products that offer good health, flavor adventure or even an artisan experience. But beyond all the natural, nutritious and flavorful qualities of fruit, both its versatility and important cultural role make it a uniquely attractive vehicle for food and beverage advances on multiple fronts.
A large-scale swine operation is opening in South Dakota, and many of the state's residents couldn't be happier. The 5,000-sow swine operation is owned by a group of investors and managed by Minnesota's Pipestone System. Rep. Kristi Noem applauds the new project as in keeping with the U.S. commitment to a domestic food supply.
A 5,000-sow swine operation that will produce about 125,000 pigs a year is set to open in southeastern South Dakota just south of Mount Vernon. Hundreds on Friday toured the Jackrabbit Family Farm facility, which will be populated with animals in about two weeks, the Mitchell Daily Republic reported.
Brynwood Partners VI L.P. announced that its portfolio company, Pearson Candy Company, has acquired the Bit-O-Honey confectionery brand from Nestle USA, Inc. The acquisition marks the fifth brand Brynwood Partners has acquired from Nestle. Terms and conditions of the transaction, which closed today, were not disclosed.
With all the orchards and corn fields that dot the Hudson Valley landscape, Tuthilltown Spirits doesn't have to look far for the grains and apples to make their whiskey, vodka and gin. The 10-year-old company crafts many of their liquors from ingredients grown no more than a few minutes away, the bounty of the rolling hills that surround it.
The Hain Celestial Group Inc. reported major profit gains in its fiscal third quarter on stronger sales, but the company issued a weak full-year forecast. Hain Celestial earned $40.7 million, or 85 cents per share, for the quarter that ended March 31. That compares with $24.1 million, or 52 cents per share, earned last year. It made 72 cents per share on an adjusted basis, excluding one-time items.
After fleeing to Israel following an immigration raid in 2008, a former manager at a kosher slaughterhouse in Iowa finally appeared in a U.S. courtroom Friday to face charges that he conspired to exploit immigrant workers for profit. Amara pleaded not guilty to an indictment charging him with conspiring to harbor workers who were in the country illegally and conspiring to provide false immigration papers.
Michael Chichetti, whiskey production manager, pours a bag of corn into a roller mill while making baby bourbon at Tuthilltown Spirits on Wednesday, April 17, 2013, in Gardiner, N.Y. Some call it “grain to glass,” the booze equivalent of the local-food slogan “farm to table,” though in the case of the apple vodka made from Hudson Valley at Tuthilltown, it’s more like “tree to tumbler.” Whatever the name, it’s catching on.
Taco Bell says its new value menu may go national in coming months. The fast-food chain had already said in January that it was testing a "$1 Cravings" menu that would replace its "Why Pay More" menu, which has tiered pricing. In a call with reporters Thursday, executives at the chain said they're confident they've hit on the right mix of products for a national rollout this year. But they declined to specify a date.
Kraft Foods is reviving old brands like Kool-Aid and betting on big new innovations as it begins finding its way as a smaller, independent company. The Northfield, Ill., company, which makes Miracle Whip, Oscar Mayer and other staples found in American pantries, on Thursday reported first-quarter results that beat Wall Street expectations.