Continental Grain Co., which holds a 5.8 percent stake in Smithfield Foods, sent a letter to Smithfield's board of directors, suggesting the company split itself into three separate business units. Smithfield shares rose Friday as the company announced its intention to review the recommendation.
A Washington state rule requires that contract stores and buyers of state-owned stores charge a 17 percent fee on sales to bars and restaurants, and restaurateurs are switching to buy from distributors who are not required by law to impose the fee.
An international organization has given its seal of approval to the Maine lobster fishery designating it as sustainable, Maine Gov. Paul LePage announced Sunday. The London-based Marine Stewardship Council said the fishery meets its strict standards for responsible fishing practices. The announcement was made at the annual International Boston Seafood Show, with LePage surrounded by lobster fishermen, MSC representatives and others.
Several types of cat and kitten food are being recalled over concerns they may contain too little of an essential vitamin. Diamond Pet Foods is voluntarily recalling its Premium Edge brand adult cat dry food, senior cat hairball management dry food and kitten dry food, as well as its Diamond Naturals kitten dry food.
There's a simple reason why Chandler's SanTan Brewing Company decided to build a brand new brewing facility — and it's one that appears to be a good sign for progress of this particular East Valley beverage business. The new space near Warner Road and Arizona Avenue will allow SanTan to nearly tripled its output, from 14,000 barrels of beer annually to 40,000.
Michelle Obama praised the food industry on Friday for its efforts to market healthier foods but said more needs to be done. At a speech before a childhood obesity summit, the first lady encouraged the industry to put better labels on food, limit marketing of unhealthy foods, and do more to promote healthy foods.
Whole Foods says all products in its North American stores that contain genetically modified ingredients will be labeled as such by 2018. The company says it's the first national grocery chain to set such a deadline for labeling foods that contain genetically modified organisms, or GMOs.
Bumble Bee Foods LLC has more than doubled the size of its recall of some of its 5-ounce canned tuna because of a risk that the fish could become contaminated and spoil. Bumble Bee said late Thursday that it's now recalling 51,000 cases of canned tuna, up from its original 22,500 cases.
Shares of Dean Foods Co. advanced Friday after a Stifel analyst upgraded his rating on the dairy company, saying he believes the business is undervalued. After a meeting with the company's management, analyst Christopher Growe noted that Dean Foods is close to completing its transformation following the spinoff of most its WhiteWave organic milk business.
A surge in the dumping of dead pigs upstream from Shanghai — with more than 2,800 carcasses floating into the financial hub through Monday — has followed a police campaign to curb the illicit trade in sick pig parts. The effort to keep infected pork off dinner tables may be fueling new health fears, as Shanghai residents and local media fret over the possibility of contamination to the city's water supply.
A burst of hiring last month added 236,000 U.S. jobs and reduced the unemployment rate to 7.7 percent from 7.9 percent in January. The robust gains suggested that the economy can strengthen further despite higher taxes and government spending cuts.
McDonald's new Fish McBites failed to hook enough diners to get the fast-food chain's U.S. sales growing in February. The world's biggest hamburger chain said Friday that a key sales figure was down 3.3 percent in the U.S. for the month. When excluding the extra day of sales for February of last year, which was a leap year, the company said the figure was flat.
Coca-Cola has printed posters explaining the new rules, and a bowling lounge is squeezing carrot and beet juice as a potential substitute for pitchers of soda at family parties — all in preparation for the nation's first limit on the size of sugar-laden beverages, set to take effect Tuesday.
Danish food safety officials ordered a cleanup and better food handling at Noma, one of the world's top restaurants, after more than 60 people fell ill with viral gastroenteritis from eating at the two-star Michelin eatery that has also hit top spot three times in the world's best restaurants list in Restaurant magazine.
PepsiCo's global chief marketing officer is leaving the company less than a year after he got the newly created title. The Purchase, N.Y.-based company said Friday Salman Amin is leaving to become chief operating officer of S.C. Johnson's North American business. PepsiCo Inc. said a replacement would be announced soon.
The nation’s first limit on the size of sugar-laden beverages is set to take effect Tuesday in the city. Customers will no longer get 24-ounce tumblers of soda, since the new rule bars selling non-diet cola in cups, bottles or pitchers bigger than 16 ounces.
This year, Peeps, the popular Easter candy brand, will celebrate its 60th anniversary. The company plans to air its first television ad in 10 years, highlighting all the crazy things people do with the spongy, sugary candy. Ross Born, of Just Born, the company that makes Peeps, says people aren't shy about sharing their stories.
Fourteen North Dakota companies are traveling to China later this month to showcase the state's agricultural commodities and food products. The companies will travel March 16-23 to Beijing and Guangzhou in China to introduce North Dakota's food ingredients to the Chinese food manufacturing market.
Green Mountain and Unilever North America have reached a deal that will make Lipton teas available for Keurig single-cup brewers. The Lipton hot and iced teas will be available in K-Cup and Vue packs in the U.S. and Canada starting this summer.
Heartland Distillers was one of the first new distillers to open in Indiana since Prohibition. After starting out with its small-batch vodka, its founders have added spirits flavored with Chai tea, espresso and chocolate, and cherry vanilla.