News
Mondelez CEO's $22M Paycheck in Line with Rising CEO Pay
May 22, 2013 10:02 am | by CHRISTINA REXRODE, AP Business Writer | CommentsThe head of a typical large public company made $9.7 million in 2012, a 6.5 percent increase from a year earlier that was aided by a rising stock market, according to an analysis by The Associated Press using data from Equilar, an executive pay research firm.
Daily Sound Bite: Bidding on a Bankrupt Brewery
May 22, 2013 9:52 am | CommentsAn unsanctioned bid for bankrupt Hawaiian brewer Big Island is shaking up the bankruptcy process and could trigger a possible bidding war for Hawaii Nui Brewing LLC. Chuck Choi, an attorney for Hawaii Nui is optimistic about the future.
Photo of the Day: Food Company Receives Awards
May 22, 2013 9:00 am | CommentsLouis DeMent (right) receiving the SBA 2013 Small Business Person of the Year Award. Two executives from Giovanni Food Co., an Upstate New York manufacturer of tomato-based products, have been honored by state and regional business associations.
Thailand Urged to Explore Edible Insects
May 22, 2013 8:42 am | CommentsResearchers say Thailand is showing the world how to respond to the global food crisis: by raising bugs for eating. The United Nations' Food and Agricultural Organization released a study and handbook Tuesday on what they call "six-legged livestock."
Research Links Communication to Childhood Obesity
May 22, 2013 8:34 am | CommentsRutgers Business School professor Jerome Williams is co-editor of a new book of research that explores the role communications play in the nation's troubling epidemic of childhood obesity. The book also touches on the implications of regulating advertising and the variety of efforts underway to try to counter the obesity problem.
Ind. Farmers Make Quick Progress Planting Corn
May 22, 2013 8:18 am | CommentsWarm, sunny weather has allowed northern and central Indiana farmers to make quick progress planting their corn crop despite lingering wet conditions in the state's southern counties. Only 30 percent of the state's corn crop had been planted as of last week. But the new weekly crop report says 64 percent of the Indiana corn crop had been planted by Sunday.
Seafood Processor to Expand in Virginia
May 22, 2013 8:16 am | CommentsA Canadian seafood processing company will spend about $6.6 million to upgrade a facility it owns in Newport News. The project by High Liner Foods is expected to create nearly 60 new jobs. Gov. Bob McDonnell's office made the announcement on Tuesday.
Aloha Beer Bid Disrupts Hawaii Nui Bankruptcy Case
May 22, 2013 8:06 am | CommentsAn unexpected bid for a bankrupt Big Island brewery has postponed a court auction and set up a possible bidding war for the microbrewery. Aloha Beer Co. offered to buy Hawaii Nui Brewing for $325,000, but did so outside the court-approved bidding process.
Rice Contamination Reported in China
May 21, 2013 12:10 pm | CommentsAuthorities are investigating rice mills in southern China following tests that found almost half of the staple grain in one of the country's largest cities was contaminated with a toxic metal. Reports say the mills had been operating legally and sourced their rice from local farmers.
Calling All Grill Masters: Is It Done Yet?
May 21, 2013 12:04 pm | by Academy of Nutrition and Dietetics | CommentsAs part of their award-winning Home Food Safety program, the Academy of Nutrition and Dietetics and ConAgra Foods encourage all grill masters to equip themselves for the job with a food thermometer — the only way to determine if foods are fully cooked and safe to eat.
Consumer Trends: Gluten-Free Market Skyrocketing
May 21, 2013 12:00 pm | CommentsThe increasing number of celiac patients, gluten intolerants and health conscious people has increased the demand for gluten-free products. The gluten-free products market is experiencing a double-digit growth. The most important factor behind buying more gluten-free food products is that they are considered healthier than conventional products.
White House Pushes for More Farm Subsidy Cuts
May 21, 2013 11:51 am | by MARY CLARE JALONICK, Associated Press | CommentsThe Obama administration said Monday it wants to see more cuts to agriculture subsidies in a massive farm bill moving through the Senate this week. The bill would cost almost $100 billion a year over five years and would set policy for farm programs and food aid.
Daily Sound Bite: From Golf Course to Farmland
May 21, 2013 11:40 am | CommentsPart of a wave of Midwestern farmers snapping up land to cash in on steadily rising commodity prices, Illinois farmer Clark Kelly has purchased the Hend-Co-Hills Golf Course near Biggsville with plans to turn the course into a cornfield.
Report Advises on Food Security Stragety
May 21, 2013 11:31 am | CommentsA new report from The Chicago Council on Global Affairs urges the U.S. government to focus its global food security strategy on prioritizing science, increasing trade flows for agriculture and food, and incentivizing greater business activity in low-income countries.
Hershey Tapping into Chinese 'Milk Candy' Market
May 21, 2013 11:23 am | CommentsHershey is looking to expand in China by tapping into the country's taste for "milk candy," a product that accounts for a quarter of the total candy market in the country. Hershey's new Lancaster brand will debut in three Chinese cities next month.
General Mills Says 'No' to GMO Labeling
May 21, 2013 10:27 am | by CNN Money | CommentsIn the face of growing consumer interest in labeling packaged foods containing genetically modified organisms (GMOs), General Mills CEO Kendall Powell explains why his company opposes GMO labeling, saying that GMOs are safe and don't need to be specifically identified.
Hormel Named Top Employer for Vets, Recent Grads
May 21, 2013 9:42 am | CommentsHormel Foods Corporation Tuesday announced it has been recognized with two top employer accolades, including Military Times EDGE magazine’s Best for Vets Employers list, and Experience’s Best Places to Work for Recent Grads list.
Hershey to Launch New Brand in China
May 21, 2013 9:37 am | CommentsThe Hershey Company announced Tuesday it is launching a new candy brand in China called Lancaster™. The new products will initially launch in three cities — Wuhan, Hangzhou and Chengdu — in June, followed by a wider distribution in 2014.
Drought Accelerates Use of Drugs to Beef Up Cattle
May 21, 2013 9:27 am | by ROXANA HEGEMAN, Associated Press | CommentsCattle feeders in the U.S. are coping with reduced herds and high corn costs in part by increasing their use of growth-inducing drugs designed to bulk up animals, get more pounds of beef from each carcass and circumvent the drought's withering effects on the food cycle.
Special K Churns Out Products in Brand Evolution
May 21, 2013 9:25 am | by CANDICE CHOI, AP Food Industry Writer | CommentsKellogg Co. is building on its biggest moneymaker with a "hot cereal" called Special K Nourish that's made with quinoa and other grains. The new line, which promises to fill people up with 8 grams of protein and 5 grams of fiber, reflects Special K's push to move in step with evolving trends.
