Hostess said Monday that it picked McKee Foods, the maker of Little Debbie cakes, as the lead bidder for its Drake's cakes. The fate of Twinkies and other Hostess snack cakes is still being negotiated. Here's a look at key dates in the sale of Hostess brands.
Ranchers welcomed Japan's decision Monday to ease restrictions on U.S. beef imports, saying it will provide a boost to the American meat industry but cautioning that it will take time before exports to Japan reach their levels of a decade ago.
A big government study has fingered leafy greens like lettuce and spinach as the leading source of food poisoning, a perhaps uncomfortable conclusion for health officials who want us to eat our vegetables. "Most meals are safe," said Dr. Patricia Griffin, a government researcher and one of the study's authors who said the finding shouldn't discourage people from eating produce.
Bad news about the economy could cause you to pack on the pounds. A study from the University of Miami shows that when there is a perception of tough times, people tend to seek higher-calorie foods that will keep them satisfied longer.
McKee Foods, the maker of Little Debbie snacks, has agreed to pay $27.5 million for Hostess' Drake brand products, which include Devil Dogs, Yodels and other snack items, as part of a bankruptcy sale of Hostess' remaining assets. Mike Gloekler of McKee Foods says the company has no intent of changing or scrapping the Hostess products.
Certain sprouts being sold at Canada Safeway stores in British Columbia are being recalled because of concerns over possible Listeria contamination. The Canadian Food Inspection Agency the LifeForce Foods brand product includes Brocco Sprouts, Spicy Sprouts and Alfalfa Sprouts sold in 85-gram plastic containers.
Nissin Foods Holdings Co. said Monday it will set up a research center specialized in developing instant ramen noodles and other new products in Tokyo in November with an investment of about 6.3 billion yen. The Japanese food company will combine the function of several laboratories of its group into the new one as part of efforts to streamline operations and cut costs.
Caddo County, Okla., has been declared a federal disaster area nine times since 2007, making it one of the nation's most ill-fated locations. But even here, farmers and ranchers say, no one has endured anything as crippling as the ongoing drought, which has dried out ponds, withered crops in the field and decimated the water table.
Federal health officials say at least 16 people in five states have been sickened by salmonella food poisoning linked to ground beef. No one has died, but half were hospitalized. Most of the illnesses have been in Michigan, but a few cases were scattered in Arizona, Illinois, Iowa and Wisconsin.
Hostess has picked the maker of Little Debbie as the lead bidder for its Drake's cakes. According to a filing in U.S. bankruptcy court, McKee Foods has offered $27.5 million in cash for the cake brands, which include Devil Dogs, Funny Bones and Yodels. The fate of Twinkies and other Hostess cakes are still being negotiated with other bidders.
In this Tuesday, Dec. 11, 2012 photo, Caddo County farmer Karen Krehbiel examines unharvested milo on her family’s farm near Hydro, Okla. Not all of the farm’s milo fields were irrigated because of an ongoing drought, the latest natural disaster to strike the county, which also has been beset in recent years by floods, tornadoes, ice storms and hail.
As opponents of New York City's landmark ban on large, sugary drinks position themselves for a fight with the city, Mayor Michael Bloomberg is taking off the gloves too. Two minority groups — the Hispanic Federation and the New York NAACP — are drawing the most ire from the mayor.
Consumer products executives expect their highest growth to come from the warehouse club channel compared with any other retail sales channel over the next three years, including mass merchandise, grocery, and e-commerce, according to new research from Deloitte.
A new beef labeling rule that has the support of food safety advocates has been under review for months by the White House Office of Management and Budget. The Kansas City Star reports that the U.S. Department of Agriculture has proposed requiring labels on steaks and other beef products that have been mechanically tenderized.
Japan has agreed to ease some of its restrictions on U.S. beef, so exports to the Asian nation may grow. The Agriculture Department announced the change Monday. For several years Japan has restricted beef imports only to animals age 20 months or younger because of concerns about mad cow disease.
Chiquita Brands International Inc. said Monday that it expects its fourth-quarter sales to total about $738 million, up about 2 percent from $722 million in the same period the year before. The Charlotte, N.C.-based produce company also said that it expects to post an operating loss of $188 million to $233 million, compared with an operating loss of $12 million a year earlier.
Nestle USA officials told Jonesboro employees Friday that operations will be curtailed, and 70 full-time positions will be eliminated. The facility's work schedule will be reduced from six days per week to four days per week beginning Feb. 11, factory manager Dan Braswell said. And 70 full-time positions will be eliminated permanently the same day.
New England's top fishing regulator said Friday that crippling cuts in catch limits this year are unavoidable and they will devastate what remains of the region's once-flourishing fishing industry. On Friday, John Bullard, head of the National Oceanic and Atmospheric Administration's Northeast office, said key fish populations are so weak, "draconian" cuts in catch are needed.
North Dakota craft beer makers who have been foaming at the mouth for legislation that would allow microbreweries to peddle a certain amount of ale to restaurants and bars without paying a distributor may finally be tasting success. A proposal shot down in various forms the last few years is now being supported by beer distributors.
More than 1,000 pounds of ground beef are being recalled in suburban Detroit after federal officials linked it to salmonella in Michigan and Arizona. The U.S. Department of Agriculture says the beef is being recalled from Troy-based Gab Halal Foods and Sterling Heights-based Jouni Meats.