PARIS (AP) — French dairy company Lactalis announced Tuesday a euro3.38 billion ($4.92 billion) offer to buy full control of Italy's Parmalat, a move the Italian government had sought to avoid to protect one of the country's corporate titans. The unsolicited offer, at euro2.6 per share, sent shares of the Italian company soaring 11 percent — to euro2.
ATLANTA (AP) — Coca-Cola Co.'s first-quarter net income climbed 18 percent as business overseas strengthened and sales of its sodas and juices rose in all regions of the world. Still, Coke's results missed Wall Street expectations, partly because of effects from Japan's earthquake and tsunami.
NEW YORK (AP) — The Hershey Co. on Tuesday reported higher first-quarter net income as its sales increased thanks to new products and heavy advertising. The chocolate-making icon credited the launch of Hershey's Drops and Reese's Minis, its expansion outside the U.S. and a 30 percent increase in ad spending.
LOUISVILLE, Ky. (AP) — Yum Brands, owner of the Pizza Hut, Taco Bell and KFC fast-food brands, is considering buying a majority stake in the Little Sheep Group Ltd. restaurant chain in China. Yum currently owns about 27.2 percent of the shares of the Hot Pot restaurants operator and said Tuesday that its proposal allows for Little Sheep's chairman and other founding shareholders to keep a minority stake in the company, based in Baotou, Inner Mongolia, China.
(AP) — Bottles of Coca-Cola are displayed for sale at a grocery store in Palo Alto, Calif., Monday, April 25, 2011. Coca-Cola Co.'s first-quarter net income climbed 18 percent Tuesday, April 26, as business overseas continued to strengthen and sales of its juices and sodas rose.
WASHINGTON (National Cattlemen's Beef Association) — Regulating dust generated by everyday activities in rural America is yet another example of overregulation passed down by this administration, according to National Cattlemen’s Beef Association President (NCBA) Bill Donald, who is a Montana rancher.
BRATTLEBORO, Vt. (PRNewswire-USNewswire) — The organic industry grew at a rate of nearly eight percent in 2010, bucking the current trend whereby "flat is the new growth" for many other segments of the economy. Further, some sectors of the organic market enjoyed annual growth of well over 30 percent, the Organic Trade Association (OTA) revealed today in releasing findings from its 2011 Organic Industry Survey .
FAIRFIELD, Vt. (AP) — Some dairy farmers aren't sweet on part of a proposed $30 million settlement with a giant dairy processor that they say could hurt their income. The proposal would settle a class-action antitrust lawsuit filed in 2009 by five Northeastern dairy farms, who accused Dallas-based Dean Foods Co.
LUBBOCK, Texas (AP) — In his 33 years raising sheep in West Texas, Glen Fisher has never seen it so good. Demand by U.S. consumers is up, imports are down and prices have soared. "You have almost what you can call a perfect storm," said Fisher, 64, who has about 3,100 animals on his acreage near Sonora.
BOSTON (AP) — Oysters, clams and other shellfish could soon be taking their place next to tomatoes, sweet corn, blueberries and other more typical offerings at farmers markets in Massachusetts. State officials, market managers and shellfish farmers are considering the expansion of a pilot program that began last year in a handful of markets under a strict set of food safety guidelines.
(AP) — In this April 20, 2011 photo, cows are seen in Harold Howrigan's barn in Fairfield, Vt. Some dairy farmers aren't sweet on parts of a proposed $30 million settlement with Dallas-based Dean Foods that would require the national dairy processor to temporarily buy some of its milk in the Northeast from independent farmers.
MILFORD, Conn. (AP) — Subway says it will cut the sodium by 28 percent in some of its sandwiches, becoming the latest in the food industry to respond to consumer and government health pressures. The restaurant chain said Monday that it will reduce the sodium in its "Fresh Fit" sandwiches, which are the chain's low-fat menu alternatives.
ATLANTA (AP) — Federal inspectors on a Delta Air Lines Inc. plane say they found so many rat droppings that they lost count. The droppings were found near the plane's galley during an inspection at the Atlanta airport in late January. Droppings were found above the door panels near the galley, where food is prepared.
GEYSERVILLE, Calif. (AP) — Jess Jackson, the founder of the Kendall-Jackson winery and a prominent thoroughbred owner, has died of cancer. He was 81. Caroline Shaw, a spokeswoman for Jackson's company Jackson Family Wines, confirmed that Jackson died at his home on Thursday. In recent years, Jackson was one of horse racing's leading owners.
Jonathans Sprouts of Rochester, MA is recalling its conventional alfalfa sprout products with sell-by date of 4/23 (see list below), as a precaution, because it has the potential to be contaminated with Salmonella , an organism which can cause serious and sometimes fatal infections in young children, frail or elderly people, and others with weakened immune systems.
BEIJING (AP) — China's Cabinet ordered authorities across the country on Thursday to step up their battle against illegal food additives following several recent tainted food scandals. So far this year, authorities have uncovered sales of drug-tainted pork, bean sprouts treated with a carcinogenic chemical compound, and old bread treated with sweeteners and dye to make it seem fresh.
In this Monday, April 18, 2011 photo, food additives and bean sprouts are seen at a distribution center where tainted bean sprouts were found in Shenyang, in northeast China's Liaoning province. In the latest food scare to hit China, authorities in the northeastern city have found bean sprouts tainted with banned food additives to make the vegetables grow faster and look shinier, state media said Wednesday.
ORONO, Maine (AP) — Lobsters aren't just for eating anymore. The shells from Maine's signature seafood are being used to manufacture decorative tiles, trivets and drinking-glass coasters. Work is under way to utilize them in countertops and tabletops. And at the University of Maine, a professor has developed prototypes of biodegradable golf balls and plant pots made out of ground-up lobster shells.
LOS ANGELES (AP) — A federal agency has filed lawsuits claiming Thai workers were physically abused and forced to live in rat-infested housing after being recruited by a California-based labor contractor to work on farms in Hawaii and Washington. The U.S. Equal Employment Opportunity Commission said it was the largest human trafficking case to date pursued by the agency in the agriculture industry.
(FDA) — Charcuterie La Tour Eiffel of Montreal, Canada, is voluntarily recalling all Summersweet seafood mousses and dips because the products have the potential to be contaminated with Listeria monocytogenes, an organism which can cause serious and sometimes fatal infections in young children, frail or elderly people, and others with weakened immune systems.