The auction for the beleaguered Tully's Coffee chain concluded Friday in federal bankruptcy court, with a judge approving the sale to an ownership group led by actor Patrick Dempsey. Dempsey had claimed victory last week after bidding concluded, but a company that teamed up with Starbucks to make an offer for Tully's filed an objection.
The final report on the 2012 growing season showed farmers harvested 10.78 billion bushels of corn, less than three-fourths of what the agency predicted last spring. Corn was the crop hardest hit by the drought that settled in just as the plants were maturing.
Where does government's duty to protect its people end and an individual's right to choose begin? And when someone's choice impacts society, how far is too far? These questions are at the core of the national conversation over America's obesity epidemic, a private issue that's become more public as rates rise and stress our healthcare system.
A company that has purchased the closed Birds Eye plant in central New York plans to open a food-processing facility that will employ 183 people. The Post-Standard of Syracuse reports that the plant was purchased last week by a real estate holding company. New York is giving the company up to $1 million in Excelsior tax credits in exchange for a commitment to create 183 jobs.
Archer Daniels Midland has restarted operations at a corn processing plant in Illinois two days after an explosion forced the facility's closure. ADM spokeswoman Jackie Anderson said Friday that the company plans to be back at full production in Peoria by Saturday.
California's almond industry, which grows about 80 percent of the global almond supply and 100 percent of the domestic supply, has seen dramatic growth — powered by strong demand from new money-spending middle classes in India and China. The growth has prompted a rush for almond-growing land and pushed almond land values through the roof.
Hostess has found a new home for its most popular breads, including the iconic Wonder bread. The bankrupt maker of Twinkies, Devil Dogs and other snack cakes said late Friday that it selected bids by rival bakery Flower Foods Inc. to buy six of its bread brands for $390 million.
Coca-Cola became one of the world's most powerful brands by equating its soft drinks with happiness. Now it's taking to the airwaves for the first time to address a growing cloud over the industry: obesity. The company on Monday will begin airing a two-minute spot during the highest-rated shows on CNN, Fox News and MSNBC.
In 2011, for the first time ever, the value of the California almond crop surpassed the state’s iconic grape industry to move into second place, behind dairy — making almond producing land one of the highest priced and most sought-after in the region. The demand for almonds is driven largely by the newly-minted money-spending middle classes in China and India.
Ocean Beauty Seafoods LLC announced it has removed from sale several varieties of smoked salmon due to possible contamination by listeria. Listeria is a common organism found in nature. Consumption of food contaminated with Listeria monocytogenes can cause listeriosis, an uncommon but potentially fatal disease. Healthy people rarely contract listeriosis.
The U.S. Department of Agriculture is releasing its final crop report for 2012, providing a glimpse of what last year's drought cost the nation's farmers and others. The report covers a number of crops, but attention will likely focus on corn production.
The auction for beleaguered coffee company Tully's will likely conclude Friday in federal bankruptcy court, with an ownership group led by actor Patrick Dempsey in position to take over the chain. But Starbucks isn't' out of the running.
The country's largest organic peanut butter processor linked to a national salmonella outbreak has hired back some of its employees. KRQE-TV reports that Sunland Inc. in Portales hired back the employees after getting approval from the Food and Drug Administration to allow its processing plant to get back up and running.
Chain restaurants, battered by value-hungry customers and rising commodity prices, are showing little appetite for significant menu price increases, according to a new survey of industry executives conducted by SpenDifference, a supply chain co-op that helps restaurants save money.
Weekly applications for U.S. unemployment benefits ticked up slightly last week, the latest sign of slow but consistent gains in the job market. The Labor Department said Thursday that applications rose 4,000 to a seasonally adjusted 371,000, the most in five weeks. The previous week's total was revised lower.
Diners who go to a Burger King in China can now expect to be served Pepsi, rather than the Coke they get at the fast-food chain in the United States. PepsiCo Inc. says it struck a deal to serve its drinks at Burger King in China for the first time, taking over a deal the chain had with the Coca-Cola Co.
Old-school glass jars of applesauce are still around, but these days they share shelf space in the baby food aisle with curious (and often organic) combinations like zucchini, banana and amaranth (it's a grain) packed in brightly colored pouches intended to be squished and slurped by consumers with little — and not so little — hands.
Businesses and individuals who claim BP's oil spill in the Gulf of Mexico cost them money have been paid more than $1 billion through the company's class-action settlement with a team of private plaintiffs' attorneys, court-supervised claims administrator Patrick Juneau said.
The owner of the Alberta beef plant being sold to a subsidiary of a Brazilian company received more than $15 million from the federal and Alberta governments since 2009. Agriculture Canada says of the money approved for XL Foods Inc., $2.475 million was in federal no-interest loans.
In this Monday, Nov. 19, 2012, file photo, people carry Argentine flags and protest outside the building where the U.S.-based Monsanto company has its offices in Buenos Aires, Argentina. Agricultural products giant Monsanto reported Tuesday, Jan. 8, 2013, that its profit nearly tripled in the first fiscal quarter as sales of its biotech corn seeds expanded in Latin America.