PepsiCo Inc. said Tuesday that its president is leaving after less than a year on the job, indicating a CEO succession may not be coming any time soon. The Purchase, N.Y., company said John Compton's departure is effective immediately. After joining the soda and snack food giant about 30 years ago, Compton had been named to the newly created position of president in March.
McDonald's said a key sales figure climbed 3.7 percent in August, as the fast-food chain emphasized the value of its menu offerings amid the challenging global economy. The world's biggest hamburger chain said Tuesday that its breakfast menu and value items pushed up sales by 3 percent in the U.S.
Good weather over the next several weeks could do a lot to reduce a preliminary estimate of $100 million in Louisiana crop damage from Hurricane Isaac, LSU AgCenter economist Kurt Guidry said Tuesday. Of course, bad weather would do the opposite.
We are sad to report that PMMI Board of Directors member Rich Ryan, president & CEO of Dorner Mfg., was fatally injured in a motorcycle accident near the border of Idaho and Washington, on Saturday, Sept. 8. He was 59. Rich began his career with Dorner in October 2005 as its COO. He became President & CEO this past June.
For the first time in more than 60 years, The Coca-Cola Company has made a delivery of Coca-Cola to local customers in Yangon, Myanmar. This milestone marks the next step in the company’s long-term commitment to generating lasting positive impact by bringing its global brands to Myanmar, also known as Burma, as the country opens up to the world.
U.S. beverage giant Coca-Cola Co. has begun selling its flagship drink Coca-Cola in Myanmar for the first time in about 60 years, the company said Monday. The move follows easing of economic sanctions by the United States and European countries in response to the Myanmar government's democratization efforts in recent years.
Arthur Walcott, founder of the nation's largest processor of fruits and vegetables, has donated $20 million to Cornell University to help the Ivy League school attract student-athletes. Wolcott is chairman of Seneca Foods Corp., based in Marion in western New York. He founded the company two months after graduating from Cornell.
Washington liquor sales picked back up in July, the second month people were able to buy liquor in Washington grocery stores and other markets. Sales were up 15.4 percent compared with July 2011. State officials attribute the jump in sales to consumers, as well as bars and restaurants, buying again in July after skipping some purchases in June.
The International Dairy Foods Association today responded to Montana Governor Brian Schweitzer's concern that the Republican nominee for President, Mitt Romney, raised milk fees. IDFA shares concerns about industry fees and cautioned that a new Farm Bill proposal would both raise fees and increase domestic milk prices.
In August, the ranchlands spreading over the boot of Louisiana were dotted with hundreds of cows and calves grazing on a smorgasbord of tall marsh grasses. But Hurricane Isaac took all that away, turning some of the best cattle country on the Mississippi River delta into brackish, foul-smelling floodwater stretching for miles.
The U.S. Department of Agriculture is buying meat again from a Central California slaughterhouse that's been at the center of an animal cruelty investigation. A statement the USDA issued Monday says that Central Valley Meat Co.'s improved oversight for animal welfare prompted the government to reinstate purchases for federal feeding programs.
A vast majority of American parents want the Food and Drug Administration (FDA) to require labeling for foods that have been genetically engineered or contain genetically engineered (GE) ingredients, according to newly released results from a national poll conducted by the Just Label It (JLI) coalition.
Aurora Dairy has agreed to pay plaintiffs in a class-action consumer fraud lawsuit $7.5 million to end litigation involving fraudulent marketing claims concerning organic milk. Aurora and its major customers, supermarket chains selling private-label organic milk, were accused of misrepresenting the authenticity of their products.
Discerning food lovers are being served salted salmon, veal tenderloin, snails cooked in Pernod and apple crumble in the "pop-down" restaurant in a limestone mine in the small, southern town of Lohja, 60 kilometers (40 miles) west of Helsinki.
Small producers in countries such as Antigua, Guyana and Jamaica complain they are being punched by unfair trade and marketing advantages for global beverage corporations operating in U.S. territories, and say U.S. rum subsidies threaten to drive some beloved top-shelf Caribbean labels out of business, or force them to sell out.
A deluded plant worker who thought co-workers were spraying her with toxic chemicals was convicted Monday of two counts of first-degree murder for a 2010 shooting rampage at a Kraft Foods plant in Philadelphia. A judge questioned why defendant Yvonne Hiller didn't get needed mental health services and how she'd obtained a gun permit.
The award-winning chef, Niklas Ekblom, is opening a new restaurant in Finland that turns the idea of "pop-up" eateries upside-down: it's located 80 meters (260 feet) underground. Discerning food lovers are being served salted salmon, veal tenderloin snails cooked in Pernod, and apple crumble in the "pop-down" restaurant in a limestone mine in the small, southern town of Lohja.
A food-processing company from Ohio announced plans Monday to reopen an eastern Indiana plant where an organic food company had planned to hire 1,000 workers before shutting down last year. Sugar Creek Packing Co. said it would spend about $15 million to expand and refurbish the former Really Cool Foods plant near Cambridge City and expected to have it back in operation late next year.
Verghese Kurien, an engineer known as "India's milkman" who helped revolutionize the country's dairy industry despite his own dislike for milk, has died at age 90. A longtime aide, P.A. Joseph, said Kurien died Sunday. He had been hospitalized earlier in the month after he grew weak and stopped eating on his own.
A jump in food prices pushed China's inflation rate to rise 2 percent in August compared with a year earlier, complicating efforts by the government to revive growth with further stimulus measures. The consumer price index for August reported Sunday was higher than July's 1.8 percent growth.