NEW YORK (AP) — Shares of Diamond Foods Inc. gained more than 4 percent on Wednesday on reports that hedge fund manager David Einhorn may have closed his short positions on the food company. THE SPARK: Various media reported that Einhorn's firm, Greenlight Capital Inc., sent a letter to investors on Tuesday saying that it closed its short position on Diamond Foods, maker of Emerald Nuts and Pop Secret popcorn.
PORTLAND, Ore. (AP) — Dean Foods Co., one of the largest dairy distributors in the United States, has cut a "significant" number of jobs at its Dallas headquarters. The company would not disclose the exact number of jobs cut on Wednesday. But Liliana Esposito, a spokeswoman for the company said that more information may be made available when the company reports its financial results for the fourth quarter and full fiscal year on Feb.
(AP) — In this Friday, Jan. 6, 2012 photo, James Rich maneuvers a bulging net full of northern shrimp caught in the Gulf of Maine. New England fishermen have been casting their nets for Gulf of Maine northern shrimp since the season began Jan. 2, but their season could be cut short if their catches are too strong.
MINNEAPOLIS, Minn. (Business Wire) — With the NFL ® playoffs in full swing and the Super Bowl ® fast approaching, the majority of football fans say they feel no guilt about snacking down heartily as they watch their favorite teams try to make it to the Super Bowl, according to the third annual SUPERVALU ® Snack Down Survey by Harris Interactive.
WASHINGTON (AP) — Wholesale prices fell last month because companies paid less for food and energy, evidence that inflation remains tame. The Labor Department said Wednesday that the producer price index, which measures price changes before they reach consumers, declined 0.
UNITED NATIONS (AP) — Ertharin Cousin, the U.S. ambassador to the U.N.'s Rome-based food agencies, has been chosen to head the U.N. World Food Program. Secretary-General Ban Ki-moon and U.N. Food and Agriculture Organization Director-General Jose Graziano da Silva announced Cousin's appointment Tuesday.
OLYMPIA, Wash. (PRNewswire) — At a recent legislative hearing in Olympia, the Washington State Horticultural Association and its lobbyist Jim Halstrom publicly opposed legislation (House Bill 2192) that would provide a relatively small amount of new water to allow apple and tree fruit growers to grow additional acreage of organic tree fruit.
TRENTON, N.J. (AP) — New Jersey wine-drinkers can start getting their merlot and pinot grigio sent to their homes. Gov. Chris Christie on Tuesday signed a bill to allow small out-of-state wineries and New Jersey vineyards to ship their products directly to customers' homes. The law is intended to boost sales in New Jersey's fledgling wine industry.
WASHINGTON (AP) — U.S. factories are roaring back from the depths of the recession, cranking out more machinery, vehicles and energy. Factory production has surged 15 percent above its lows of 2 1/2 years ago and is helping drive the economy's recovery. A jump in manufacturing output last month coincided with other data suggesting that the economy began 2012 with renewed vigor.
(CDC) — More than 38 million U.S. adults binge drink an average of four times a month and the most drinks they consume on average is eight according to a new Vital Signs report form the Centers for Disease Control and Prevention . While binge drinking is more common among young adults ages 18–34, of those age 65 and older who report binge drinking, they do so more often – an average of five to six times a month.
Beverage maker Cott Corp. announced Tuesday that Neal Cravens, its chief financial officer, is retiring. The company has appointed Jay Wells to take his place, effective March 20. Cravens will remain with Cott until the end of 2012 to help with the transition. Wells, 49, comes to Cott from Molson Coors Brewing Co.
WICHITA, Kan. (AP) — Wheat prices tumbled Thursday as a government report showed the nation's farmers had planted winter wheat on much more of their land this season amid last year's higher prices and easing drought conditions in Kansas, Oklahoma and Texas. Across the country, the amount of winter wheat planted for harvest in 2012 was estimated at 41.
FRESNO, Calif. (AP) — California citrus growers are sweating a hard freeze that has blanketed the nation's largest fresh-fruit market in the midst of harvest. The National Weather Service said temperatures dropped to as low as 19 degrees in some regions early Tuesday. It forced orange farmers to fire up wind machines and flood groves with water to keep bitter cold air from settling.
OMAHA, Neb. (AP) — ConAgra Foods Inc. is making another international deal by acquiring Del Monte Canada. Omaha-based ConAgra announced its plans to buy the Canadian company from an affiliate of Sun Capital Partners on Tuesday. Financial terms of the deal were not disclosed. ConAgra says it will add Del Monte Canada's packaged fruits, vegetables and fruit snacks to its portfolio that already includes the Hunt's brand.
(AP) — In a Sept. 28, 2011 photo, Arlyn North plants a field to winter wheat as the early evening sun paints the hills with color along the Smoky Hill River southwest of Hays, Kansas. The nation's farmers seeded more winter wheat this season amid higher prices and easing drought conditions in Kansas, Oklahoma and Texas.
SAN FRANCISCO, Calif. (PRNewswire) — The top five food trends for 2012 have been identified by a panel of trendspotters at the 37th Winter Fancy Food Show, which ends today in San Francisco. It is the largest marketplace for specialty foods and beverages on the West Coast, with 80,000 products on display from 1,300 exhibitors from the U.
ST. LOUIS (AP) — Ralcorp Holdings Inc.'s board has approved the planned spinoff of its Post cereals business, the food maker said Tuesday. Post makes cereals brands including Honey Bunches of Oats, Grape Nuts and Post Raisin Bran. Ralcorp, which makes a variety of store-brand foods, announced the planned spinoff in July.
NORTHFIELD, Ill. (AP) — Kraft Foods Inc. says it will cut 1,600 positions in North America this year as it prepares to split its business in two. The Northfield, Ill.-based food company said Tuesday that it plans to eliminate the positions throughout the U.S. and Canada primarily from sales, corporate and other business units.
BUENOS AIRES, Argentina (AP) — Argentina's tax agency has raided a Monsanto Co. contractor and found what it calls slave-like conditions among workers in its cornfields. The AFIP tax agency says Rural Power SA hired all its farmhands illegally, prevented them from leaving the fields and withheld their salaries.