Authorities discovered a container of pesticide in the school's cooking area next to the vegetable cooking oil and mustard oil, but it wasn't yet known if that container was the source, according to Amarjeet Sinha, a top official in the state of Bihar, where the tragedy took place.
Nelson Peltz, an "activist investor," is meeting with CEOs to push for an acquisition that he says could yield sweet returns. Peltz is urging PepsiCo to buy Mondelez, the snack foods giant that recently separated from Kraft Foods, to replace Pepsi's own ailing snack foods brand. But his plan seems to be facing some resistance.
The number of Americans applying for unemployment benefits fell 24,000 last week to a seasonally adjusted 334,000, a sign that steady job gains should continue. The drop left unemployment benefit applications at the lowest level in 10 weeks, the Labor Department said Thursday.
New research indicates eating two ounces of walnuts may prevent prostate cancer tumor incidence and progression. Researchers found that only 18 percent of mice fed a walnut-enriched diet developed prostate cancer tumors compared to 44 percent on the non-walnut control diet.
A Janney analyst downgraded McDonald's Corp., saying he is concerned investors are too optimistic about U.S. sales trends this summer. Mark Kalinowski said he was lowering estimates for June sales at stores open at least a year to growth of 1.1 percent, from 2 percent.
Activist investor Nelson Peltz wants PepsiCo to buy Mondelez and jettison its own underperforming beverage unit. Such a deal would create a global snack food powerhouse, bringing together snacks such as Cheetos, Doritos and Lay's potato chips with sweet treats such as Cadbury chocolates and Trident gum.
Minnesota's wine industry faces challenges to keep growing now that the novelty of wine produced in a frosty climate is wearing off. Most Minnesota wineries are located in rural areas, so one challenge will be how to get customers to buy a Minnesota wine when they have other choices.
Minnesota's wine industry is no longer a novelty for a state known for its frosty climate and presently boasts more than 100 vineyards and 34 wineries according to a recent survey and contributed $59 million to the state's economy in 2011 alone.
A new report highlights the competition among dairy exporters to capture the Southeast Asian market, as consumption soars and local producers are unable to meet demand. The region is one of the few remaining dairy battlegrounds, and the current boom in demand has triggered intense competition between international producers.
Back in May, KPMG released their fourth annual Global Manufacturing Outlook — Competitive Advantage — Enhancing Supply Chain Networks for Efficiency and Innovation, which was built around a poll of 335 C-level executives on a global scale.
The Institute of Food Technologists (IFT) Board of Directors has approved the launch of a new food traceability center designed to protect and improve the global food supply. The Global Food Traceability Center will serve as an authoritative, scientific and unbiased source for food traceability.
On July 12, the Ministry of Agriculture in India published notification of Schedule VI of Plant Quarantine Order 2003 allowing California walnuts to be shipped to India. The industry eagerly has awaited this news following a two-year market access process.
Pactiv LLC says it's expanding its facilities in North Carolina's Lenoir and Iredell counties, with additional plans to create 77 jobs. North Carolina Gov. Pat McCrory's office announced the company will invest more than $9 million in its Kinston and Mooresville facilities.
Stifel analyst Paul Westra sees tastier times ahead this year for the restaurant industry. The analyst said that key sales measures were at their lowest in 2013 for the restaurant industry mini-recession and are already in recovery, which should continue improve through the year.
BP asked a federal judge to temporarily halt all settlement payments to Gulf Coast businesses and residents who claim they lost money after the company's 2010 oil spill while a former FBI director investigates alleged misconduct in the administering of the multibillion-dollar settlement program.
A panel discussion during this week's Institute of Food Technologists (IFT) meeting in Chicago tackled the topic of sustainability in food processing plants. The panel discussed the need for processors to develop sustainability strategies for their businesses.
The Labor Department said Tuesday that the consumer price index increased 0.5 percent in June from May. But the overall trend in inflation stayed tame. Two-thirds of the increase came from a 6.3 percent jump in gas prices, the largest since February. Food prices ticked up 0.2 percent.
Ardent Mills, the new flour milling joint venture of ConAgra Foods Inc., Cargill and CHS Inc., has chosen the Denver area for its headquarters. The company is expected to have a presence in the Denver area starting in 2014, pending final approval of incentive packages.
An Italian-made cheese is being recalled because of possible Listeria contamination. The Canadian Food Inspection Agency says the Il Villaggio brand Gorgonzola Dolce cheese is sold in a 150-gram package with a best-before date of Oct. 15, 2013.
The attorney representing newly licensed horse slaughterhouses in New Mexico and Iowa says the plants are set to open Aug. 5. But lawyer Blair Dunn says those plans hinge on an Aug. 2 court date before a federal judge in New Mexico overseeing a lawsuit by animal protection groups.