Archer Daniels Midland's second-quarter net income tumbled 89 percent, the company said Tuesday, weighed down by hefty impairment charges and weakness in its three major segments, oilseeds, corn processing and agricultural services.
The American Frozen Food Institute and a coalition of more than 30 food groups today urged senior administration leaders to develop a fiscal year 2013 budget request that fully funds U.S. Food and Drug Administration food safety programs without saddling consumers and food makers with burdensome new taxes or fees.
The owners of a South San Francisco salami plant will pay nearly $700,000 and overhaul its refrigeration system as part of a federal judgment stemming from an ammonia leak that sickened almost four dozen people.
American workers spend an alarmingly high amount of their hard earned cash on daily food expenses, according to a new Workonomix survey by Accounting Principals. The survey found that 50 percent of the American workforce spends approximately $1000 a year on coffee, and two-thirds of working Americans buy their lunch instead of packing it.
18th Street Deli Inc., a Hamtramck, Mich., establishment, is recalling approximately 118 pounds of julienne salad products with turkey, ham and hard-boiled eggs. The salads contain eggs that are the subject of an FDA recall due to contamination with Listeria monocytogenes, the U.S. Department of Agriculture's Food Safety and Inspection Service (FSIS) announced today.
Pouring at least one glass of milk each day could not only boost your intake of much-needed key nutrients, but it could also positively impact your brain and mental performance, according to a recent study in the International Dairy Journal.
Groups representing states and cities in the Great Lakes region on Tuesday proposed spending up to $9.5 billion on a massive engineering project to separate the lakes from the Mississippi River watershed in the Chicago area, describing it as the only sure way to protect both aquatic systems from invasions by destructive species such as Asian carp. Scientists say it has already provided a pathway for exotic species and is the likeliest route through which menacing carp could reach the lakes, where they could destabilize food webs and threaten a valuable fishing industry.
Wendy's new CEO on Monday called the dour results of the past few years "self-inflicted wounds" and vowed to do better, laying out plans that included hiring top-tier workers and reclaiming market share from higher-end competitors like Five Guys and Smashburger.
At the end of 2011, just two months after the launch, Starbucks Coffee Company shipped more than 100 million K-Cup® packs and achieved a weighted All Commodity Volume (ACV) distribution across all channels of approximately 71 percent.
John Culver, president of Starbucks China and Asia Pacific, attends a press conference in Mumbai, India, Monday, Jan. 30, 2012. Starbucks said it will open its first outlet in India by September, through a 50-50 joint venture with Tata Global Beverages.
Pinnacle Foods Group LLC officially opens a 17,000 square foot expansion to their Fort Madison canned meat factory today. The newly expanded location brings 65 jobs to Fort Madison, Iowa. Governor Terry Branstad and Lt. Governor Kim Reynolds joined Mayor Steve Ireland and local government officials and Pinnacle Foods executives to celebrate the grand opening of the facility at today’s ribbon-cutting ceremony.
A Vermont utility is looking for more farms that want to participate in its project that uses farm waste to help generate electricity and more customers willing to pay extra to use the power.
The Hershey Company today announced its plan to reinforce cocoa sustainability efforts by accelerating farmer and family development in West Africa, where 70 percent of the world’s cocoa is grown.
Hostess Brands Inc., the maker of Wonder Bread and Twinkies that filed for bankruptcy reorganization earlier this month, has asked a judge to slash some of its commitments to union employees, saying it's the only way it can emerge as a viable company.
Health officials say six people in Pennsylvania and Maryland who consumed raw milk from the same farm have been stricken with illnesses that suggest the product may contain harmful bacteria.
While the restaurant industry as a whole spent 2011 in a recessionary slump, the family midscale segment has been the most negatively impacted and the next few years aren't expected to show an upward swing.
IFT will be hosting the fifth Wellness conference March 28th and 29th. The conference will offer attendees a unique blend of unbiased perspectives, news about emerging trends, and information on how organizations within the food industry are penetrating the health and wellness sector. Wellness 12 will offer professionals involved in developing, producing, and bringing healthy foods to market with a unique combination of the latest advances in the healthful foods arena and the practical knowledge to apply these advances to their own product development initiatives.
A Minnesota wholesaler is recalling more than a ton of beef sirloin products because the labels fail to indicate that one ingredient is milk, a possible allergen. The U.S. Department of Agriculture says J&B Group Inc. of St. Michael is recalling about 2,645 pounds of products. The products were made between January and September of last year, and were distributed for institutional use in Montana, North Dakota and Texas.
For decades, farmers and fishermen along the Gulf of Mexico watched as their sensitive ecosystem's waters slowly got dirtier and islands eroded, all while the country largely ignored the destruction. It took BP PLC's well blowing out in the Gulf — and the resulting environmental catastrophe when millions of gallons of oil spewed into the ocean and washed ashore — for the nation to turn its attention to the slow, methodical ruin of an ecosystem vital to the U.S. economy.
Starbucks will open its first outlet in India by September through a 50-50 joint venture with Tata Global Beverages, the companies said Monday. "We're going to move as fast as possible in opening as many stores as we can so long as we are successful and so long as we are embraced by the Indian consumers," said John Culver, president of Starbucks China and Asia Pacific.