Dutch brewer Heineken NV has raised its bid for a controlling stake in Tiger Beer maker Asia Pacific Breweries to $4.47 billion, hoping to ward off a rival bid.Singapore conglomerate Fraser and Neave agreed early Saturday to sell its 39.7 percent stake in APB to Heineken, which would give the Dutch brewer 81.6 percent of APB.
Health officials in Indiana and Kentucky say they are investigating farms, distributors and retailers after an outbreak of salmonella that has killed two and sickened at least 141 people nationwide was linked to cantaloupe grown in southwestern Indiana.
Most farmers are having a hard year with drought and unusually warm temperatures in the middle of the country burning up everything from corn to cabbage. But ranchers are in a particularly precarious position because most don't have access to federally subsidized insurance programs that cover crops like corn and soybeans.
The Roswell-area meat processing plant that has made national headlines for its proposal to begin slaughtering horses is being fined for its handling of cattle waste. The Albuquerque Journal Friday reports that Valley Meat Co. is being fined $86,4000 for failing to register a composting facility next to the slaughterhouse and for failing to properly dispose of solid waste.
Health officials say six people have died and at least 100 others have been sickened by pickles contaminated with E. coli bacteria in northern Japan. The officials in Hokkaido said Saturday that the pickled Chinese cabbage was made by two local producers and sold across the prefecture. The first reports of illness occurred about 10 days ago.
Due to the summer's record drought and heat, Todd Eggerling's cattle operation is in bad shape. Eggerling would normally graze his 100 head of cattle through September, but the drought has left his pastureland barren. He's begun using hay he had planned to set aside for next year's cattle, and is facing the reality that he will have to sell the cattle for slaughter early at a loss.
J.M. Smucker's fiscal first-quarter net income declined slightly as the food company faced higher expenses and continued to deal with rising commodity costs. But its adjusted results and revenue topped Wall Street expectations. J.M. Smucker Co. earned $110.9 million, or $1 per share, for the three months ended July 31. That compares with $111.5 million, or 98 cents per share, a year ago.
Culver Duck Farms is taking the move toward use of renewable energy resources a step further — it plans to use the duck parts that don't make it to the dinner plate to help power the facility. Duck offal would be put into what's called an anaerobic digester to produce methane, making Culver Duck one of a select group of ag operations nationwide using such technology.
A food-processing company from Ohio is buying an eastern Indiana plant where an organic food company had planned to have 1,000 workers before shutting down last year.Wayne County attorney Ron Cross says Sugar Creek Packing Co.'s $13 million bid was the only one submitted for the U.S. Bankruptcy Court sale of the former Really Cool Foods plant near Cambridge City.
You may now chug with the bride.Toasting the bride and groom with Champagne is de rigueur. But recently, couples hip (or is that hops?) to craft beers are shaking up the wedding reception scene by insisting on serving the brews they love on their big day, everything from local ales to home brews concocted by the bride and groom.
The Equal Employment Opportunity Commission, which enforces the nation's workplace anti-discrimination laws, hopes that larger settlements that generate widespread publicity will send a strong message to employers about complying with the law. Last year, for example, Pepsi Beverages Co. paid $3.1 million to settle allegations it used background checks to screen out more than 300 black job applicants.
Social media has changed how brands engage with consumers, and a management briefing looks at how manufacturers and retailers are using the likes of Facebook, Twitter and YouTube.The four-part briefing includes analysis on why social media is now an integral part of marketing strategies, the potential of using networks to enhance brand communication but also the challenges manufacturers and retailers face.
Powder-Solutions Group has expanded its corporate office building to make room for more employees, to free valuable warehouse space necessary for shipping, and to expand space for inventory of spare parts, the company has announced. The company says the expansion has come at a time of growing demands in the bulk powder handling industry, which has required them to accommodate their space accordingly.
Coca-Cola Bottling Co. Consolidated, the nation's biggest independent Coca-Cola bottler, said Thursday that its board named Henry Flint as president and chief operating officer and William Elmore as board vice chairman, effectively switching the roles of the two men.Coca-Cola Bottling said the moves are the result of a planned succession process.Coca-Cola Bottling shares fell 19 cents to $65.88 in afternoon trading.
Anthrax has killed more than 100 animals on ranches in Colorado and Texas within the past two weeks, and experts say the risk of infection may be greater with drought covering much of the United States.Anthrax outbreaks happen occasionally in livestock herds and wild animals in the U.S., usually west of the Mississippi River. More than 60 cows on three Colorado ranches and nearly 50 sheep from a Texas herd have died so far.
With another six Olympic medals around his neck, swimmer Michael Phelps is once again touting the breakfast of champions.General Mills Inc. on Thursday unveiled limited-edition boxes of its Wheaties cereal featuring Phelps, who now holds a record 22 Olympic medals. Phelps was last featured on the box after the 2004 Olympics.The limited-edition boxes will be available nationally starting next month.
A union representing workers at Hostess Brands Inc. is advising members that rejecting the company's final contract offer could result in the loss of their jobs.Hostess, which makes Twinkies, Wonder Bread and other brands, has been negotiating with workers about a new contract as it seeks to emerge from Chapter 11 bankruptcy. The company's "Last, Best and Final Offer" was presented over the weekend.
A Nebraska woman has filed a false advertising lawsuit against ConAgra Foods, accusing the packaged food company of intentionally misrepresenting its Parkay Spray butter substitute as fat-free and calorie-free.The lawsuit filed by Pamela Trewhitt, of Gretna, Monday in Omaha's federal court seeks class-action status to represent thousands of people it says have been deceived by the company's product labeling.
General Mills has unveiled a limited-edition box of Wheaties featuring Michael Phelps.With another six Olympic medals around his neck, swimmer Michael Phelps is once again touting the breakfast of champions. General Mills Inc. on Thursday unveiled limited-edition boxes of its Wheaties cereal featuring Phelps, who now holds a record 22 Olympic medals. Phelps was last featured on the box after the 2004 Olympics.
Heineken USA said yesterday that it will take over the U.S. distribution of a cider that is owned by its parent company.