Weeks before a Chinese conglomerate agreed to buy Smithfield Foods Inc. in the largest such takeover of a U.S. business, Missouri lawmakers quietly approved legislation removing a ban on foreign ownership of agricultural land. Missouri is one of several Midwest states with little-known laws passed in the 1970s amid concerns over Japanese investment that prohibit or restrict foreign farmland ownership.
Taco Bell plans to test a "Power Protein" menu that it's hoping will eventually be a hit with its core audience — young men. The burritos and bowls will have double portions of chicken or steak, and toppings such as corn, guacamole and reduced fat sour cream.
Top Republican state senators continued to seek enough support Tuesday to pass legislation one of their members is writing to liberalize wine, beer and liquor sales in Pennsylvania and give Gov. Tom Corbett the ability to claim victory on one of his top priorities.
Hormel shares slid 5 percent before the opening bell after the company trimmed its profit expectations for the year, citing higher input costs, softer sales and a worse-than-expected performance from its pork operation. The Austin, Minn., company said Tuesday that it now expects to post a 2013 profit of $1.88 to $1.96 per share.
With approximately one in three Americans trying to cut back or avoid gluten in their diets, the analysts at GrubHub tracked the trend at U.S. takeout restaurants. An analysis of 2013 GrubHub orders reveals that menu items identified as gluten-free have grown in popularity with diners by nearly 60 percent since April 2012.
Meatpacking companies usually can't ship across state lines unless their products are inspected by the USDA. But Wisconsin is one of three states to sign a deal with the federal government under USDA rules finalized in 2011. That pact makes interstate sales of state-inspected meat acceptable.
Passage of the five-year, half-trillion-dollar farm bill could depend on the level of cuts to the $80 billion-a-year program. Many House conservatives have said the cuts don't go far enough, while liberals have argued against any cuts, saying the House farm bill could take as many as 2 million recipients off the rolls.
Zimbabwe's first "Cattle Bank" has just opened its books in a unique kind of banking where owners bring in their animals as collateral against cash loans. Owners accrue interest and have the option to get back their cattle after an initial two years or leave them with the bank for longer. Depositors can get loans of an equal value of the cattle they have put in the bank.
The mayors of New York, Los Angeles, Chicago and 15 other cities are reviving a push against letting food stamps be used to buy soda and other sugary drinks. In a letter sent to congressional leaders on Tuesday, the mayors say it's "time to test and evaluate approaches limiting" the use of the subsidies for sugar-laden beverages, in the interest of fighting obesity and related diseases.
Zimbabwe's first “Cattle Bank” has just opened its books in a unique kind of banking where owners are being asked to bring in their animals as a cash deposit enabling them to withdraw and borrow money against their value while retaining ownership.
Merchants in the Dominican Republic have shuttered a large border market in protest over neighboring Haiti's ban on poultry and egg imports. The Dajabon market was closed Monday seeking to pressure Haiti to drop the ban. A Dominican board says the country sells about 25 million eggs and 8 million chickens to Haiti every month.
Here's the latest goal for food makers: Perfect the art of imperfection. Kraft Foods took more than two years to develop a process to make the thick, uneven slabs of turkey in its Carving Board line look like leftovers from a homemade meal rather than the cookie-cutter ovals typical of most lunchmeat.
Starbucks has a new way to wake up its customers: showing the calories in its drinks. The Seattle-based coffee chain says it will start posting calorie counts on menu boards nationwide next week, ahead of a federal regulation that would require it to do so.
Legions of apartment dwellers will soon be asked — and may eventually be ordered — to start collecting food scraps for composting, under Mayor Michael Bloomberg's latest bid to make the Big Apple greener. After launching a test program recently in 3,500 Staten Island homes and some Manhattan apartment buildings, city officials said Monday they planned to expand it to 100,000 houses and high-rise apartments in all five boroughs this fall.
Republican state senators remained unsure Monday whether they will vote for legislation that one of their members is writing to liberalize the sale of wine, beer and hard liquor in Pennsylvania, a key priority of Gov. Tom Corbett. Bucks County Sen. Charles McIlhinney is expected to unveil the legislation Tuesday, Republican senators said.
The White House is threatening to veto the House version of a massive, five-year farm bill, saying food stamp cuts included in the legislation could leave some Americans hungry. The legislation would cut $2 billion annually, or around 3 percent, from food stamps and make it harder for some people to qualify for the program.
Smithfield Foods Inc. said Tuesday that it is laying off 120 more workers as part of its previously announced closure of a Virginia facility that makes hot dogs and deli meat. The Smithfield, Va.-based pork producer plans to close the Portsmouth plant in the middle of August, said Jeff Gough, Smithfield's senior vice president for human resources.
A comprehensive review of scientific evidence shows that consuming canola oil instead of other fat sources enhances health and can help consumers comply with expert dietary fat recommendations. Studies conducted over the past 25 years about the health effects of canola oil confirm canola oil reduces the risk of heart disease and suggest that it may also protect against other chronic diseases.
A state Senate panel has unanimously approved a measure that aims to bolster New Jersey's wine industry. The bill would create the New Jersey Wine Board and make it responsible for facilitating growth in the state's wine industry through advertisements, research and education.
The U.S. Equal Employment Opportunity Commission has filed a federal discrimination lawsuit against a Virginia-based company. The commission announced the lawsuit Monday against Performance Food Group Inc. Joe Vagi, a company spokesman, says the company has not received notification of the lawsuit and doesn't comment on pending litigation.