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Today in Food Manufacturing

Daily news and top headlines for food manufacturing professionals

Hillshire To Begin Trading On NYSE

June 29, 2012 8:41 am

Hillshire Brands Inc. is set to start trading on the New York Stock Exchange Friday after spinning off from Sara Lee Corp.


InBev To Buy Out Modelo For $20.1 Billion

June 29, 2012 8:39 am | by TOBY STERLING,AP Business Writer

Anheuser-Busch InBev SA agreed Friday to buy the half of Corona maker Grupo Modelo it doesn't already own for $20.1 billion in cash, in a deal that will greatly increase the size and dominance of the world's largest brewer.


Constellation Buying Rest Of Crown For $1.85B

June 29, 2012 8:37 am

Constellation Brands is buying the remaining 50 percent stake of Crown Imports LLC that it doesn't already own from Anheuser-Busch for $1.85 billion, giving it more U.S. control over Corona beers and other breweries.


Mass. Fishermen Drop Suit Aimed At Cape Wind

June 28, 2012 12:58 pm | by JAY LINDSAY, Associated Press

A group of Martha's Vineyard fishermen on Tuesday dropped a lawsuit aimed at derailing the planned Cape Wind offshore wind farm, saying they will instead work with the developers on ways to co-exist.


Bad Weather Causes 90 Percent Michigan Apple Loss

June 28, 2012 12:40 pm

Michigan's apple crop will be about 90 percent smaller than usual this year because of spring weather damage. The Michigan Apple Committee says it's the biggest apple crop loss since the 1940s.


Northwest Sees Record Returns Of Sockeye Salmon

June 28, 2012 12:37 pm | by JEFF BARNARD,AP Environmental Writer

Record numbers of a once-waning population of sockeye salmon have been returning to the Northwest's Columbia Basin this summer, with thousands more crossing the river's dams in a single day than the total numbers seen in some previous years.


IFT Launches Campaign Touting Food Science

June 28, 2012 12:35 pm

The Institute of Food Technologists (IFT) today launched a new public education campaign called ”A World Without Food Science” that will aim to generate greater awareness of the role food science plays in ensuring a nutritious, safe and abundant food supply.


Wall Street Trims General Mills' Profit Outlooks

June 28, 2012 12:31 pm

A quarterly revenue shortfall and a disappointing outlook for the year led several analysts to trim their outlooks for General Mills Inc. early Thursday.


Consumer Trends: Organic Dairy Market Continues To Grow

June 28, 2012 12:00 pm

The global demand for organic foods and beverages has been steadily increasing over the last decade. Growing awareness regarding health benefits as well as the adverse effects of pesticide residues have been the key factors behind this growth.


Organic Sprouts Recalled Due To Possible Salmonella Contamination

June 28, 2012 9:49 am

As a precautionary measure, Banner Mountain Sprouts is voluntarily recalling organic sprouts because they may be contaminated with salmonella.

Palm Oil Giant Felda Soars In Stock Market Debut

June 28, 2012 9:44 am | by EILEEN NG, Associated Press

Shares of Malaysian palm oil giant Felda soared as much as 20 percent in their first day of trading Thursday, overcoming weakness in global stock markets after the company completed the world's biggest IPO this year after Facebook.

Hillshire To Debut Amid Acquisition Speculation

June 28, 2012 9:41 am

Hillshire Brands Co. is set make its debut as a public company Friday after spinning off from Sara Lee Corp., and speculation about it being an acquisition target is already under way.

SD Board Approves Increase In Livestock Fee

June 28, 2012 9:38 am | by CHET BROKAW, Associated Press

A state board on Wednesday approved a compromise plan to raise the fee for brand inspections that are designed to prevent theft of cattle and horses in western South Dakota.


W.Va. To Cut Food Tax Again

June 28, 2012 9:00 am

West Virginia is scheduled to shave another percentage point off the sales tax on groceries July 1. This latest cut will reduce the so-called food tax to one penny per dollar spent.

Photo Of The Day: Baking With Robots

June 28, 2012 9:00 am

Ontario's Conestoga College Institute of Food Processing Technology (IFPT) features a "de-panning cupcakes" machine that was developed by students working with an Ontario food company.


Monsanto 3Q Profit Soars

June 27, 2012 12:54 pm

A mild winter spurred farmers to sow crops earlier and in larger numbers, allowing seed company Monsanto Co. to reap a 35-percent higher profit in its fiscal third quarter.


Trials To Study Hawaii Grass-Fed Beef Production

June 27, 2012 12:52 pm

A cattle ranch is teaming up with an investment organization funded by eBay Inc. founder Pierre Omidyar to research large-scale grass-fed beef production on the Big Island.


Mass. Fishermen Drop Suit Against Wind Farm

June 27, 2012 12:51 pm | by JAY LINDSAY,Associated Press

A group of Martha's Vineyard fishermen on Tuesday dropped a lawsuit aimed at derailing the planned Cape Wind offshore wind farm, saying they will instead work with the developers on ways to co-exist.


Drought-Stricken Wyo. Ranchers Look To N.D. Pastures

June 27, 2012 12:50 pm | by BLAKE NICHOLSON,Associated Press

Drought-stricken cattle ranchers in Wyoming are looking to surrounding states for grazing land, and their best bet might be North Dakota, where farmers this year have been luckier than their neighbors.


General Mills 4Q Income Rises On Strength Abroad

June 27, 2012 12:48 pm

The food maker's brands which include Cheerios and Hamburger Helper remain some of the most popular. But like most of its peers, the company has struggled with higher costs for everything from ingredients to labor and been forced to raise prices to offset them.



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