GENEVA (AP) — Swiss food and drink giant Nestle SA posted a drop in half-year earnings Wednesday, blaming volatile markets, rising commodity prices and particularly the strength of the Swiss franc for dragging down profits. The Vevey-based company said it earned 4.7 billion francs ($6.
(AP) — This Tuesday, June 28, 2011 photo shows Wagyu cattle as they graze in a pasture at Meadows Farm in Cazenovia, N.Y. \ Kobe beef from the United States can't be called Kobe. Because of an import ban, Kobe-style or Wagyu beef is the closest most Americans can come to tasting the legendary meat.
SUGAR LAND, Texas (AP) — Imperial Sugar Co. said Friday that it lost $16 million in the most recent quarter, hurt by competition from other sugar companies as well the rising cost of raw sugar. The news caught analysts by surprise. They had predicted a profit of 46 cents per share, but the loss amounted to $1.
CLINTON TOWNSHIP, Mich. (AP) — A Detroit-area company is voluntarily recalling some cheeses because they have the potential to be contaminated by antibiotic residues. S. Serra Cheese Co. announced the recall in a statement distributed Monday by the Michigan Department of Agriculture & Rural Development.
HARRISBURG, Pa. (AP) — Pennsylvania's government monopoly over the sale of liquor and wine faces its toughest test in recent memory, but the looming clash in the Legislature is likely to have little impact on the one alcoholic beverage that already has been privatized — beer. Regardless of the state stores' fate, a combination of competition and court rulings is driving a transformation that is giving beer drinkers more options and convenience than they've ever had before.
TOKYO, Aug. 8 (Kyodo) — Japanese Foreign Minister Takeaki Matsumoto has instructed his ministry to refrain from claiming the safety of Japanese foods, changing its stance after radiation-contaminated beef was found to have been sold to consumers in Japan, sources close to the matter said Sunday.
DOWNERS GROVE, Ill. (AP) — Sara Lee will sell its North American refrigerated dough business to Ralcorp for $545 million, the company said Tuesday, as it moves closer to splitting itself into two separate entities. Sara Lee Corp. has been selling off parts of itself for years and announced in January that it would split its remaining businesses in two by early 2012, with one company focused on coffee and the other largely focused on meat.
(AP) — In this photo taken Aug. 2, 2011, an unidentified worker at Claravale Farm in California’s Panoche Valley pushes a dolly filled with raw milk bottles. The unpasteurized milk, extracted from cows that very morning, will make it to consumers within hours. Claravale Farm is one of California’s two existing raw milk dairies.
PAYETTE, Idaho (AP) — Idaho State Police and the Occupational Safety and Health Administration are investigating the death of a fork lift driver at a food processing plant in Payette. The Payette County coroner tells KTVB-TV (http://bit.ly/pLtNtT ) that 59-year-old Thomas Walker of Payette died Wednesday afternoon when he was hit by a semi tractor-trailer that was backing up in a loading dock area at the Seneca Foods plant.
SAO PAULO (AP) — A judge has ordered the temporary suspension of a $2.53 billion deal that would give Japan's Kirin Holdings Co. a controlling stake in Brazilian beer producer Schincariol. In a court ruling obtained Friday by The Associated Press, Judge Juliana Bicudo accepted the request for an injunction against the transaction filed by Schincariol minority shareholders Gilberto, Daniela and Jose Augusto Schincariol.
PHILADELPHIA (AP) — Tasty Baking Co., the maker of Tastykakes and other packaged sweets, will cut 32 jobs at its former corporate headquarters in Philadelphia, a move decided upon after it was acquired by Flower Foods Inc. this year, Tasty said Friday. Paul Ridder, who oversees the Philadelphia operation and was a former senior vice present and chief financial officer for Tasty, said the cuts were the result of overlap and redundancies in the company.
OMAHA, Neb. (AP) — Cargill Meat Solutions Corp. filed a federal lawsuit Friday against an Omaha meatpacking plant that it says supplied tainted beef that sickened dozens of people. Cargill said it bought beef trimmings from Greater Omaha Packing Company Inc. and turned them into ground beef for sale to the public.
SPRINGDALE, Arkansas (AP) — Tyson Foods Inc. said Monday that its profit fell 21 percent for its third fiscal quarter as higher grain costs offset rising sales. Expensive grain has wiped out profit margins for meat companies because weak consumer demand kept them from raising prices.
(AP) — In this Aug. 3, 2011, photo Jim Capannari makes ice cream at his shop in Mount Prospect, Ill. While milk prices are almost 40 percent over the past year the U.S. Bureau of Labor Statistics says the cost of ice cream is up just 7 percent over that time. Prices have been driven up by factors such as overseas demand and a weak dollar.
SAO PAULO (AP) — The minority shareholders of Brazilian beer producer Schincariol are seeking an injunction against the $2.53 billion bid by Japan's Kirin Holdings Co. for a controlling stake in the Schincariol Group, one of their lawyers said Thursday. Cristiano Zanin Martins said the injunction was filed Wednesday for his clients, Gilberto, Daniela and Jose Augusto Schincariol.
DALLAS (AP) — Shares of Dean Foods Co. fell more than 8 percent on Thursday after the company reported that it lost almost $51 million in the second quarter. The net loss came largely because the company took a $131 million charge to settle a four-year-old lawsuit in which it was accused of fixing the price of milk.
ALLENTOWN, Pa. (AP) — Federal regulators say they have cited an eastern Pennsylvania bottling company after finding two dozen workplace safety and health violations. The Occupational Safety and Health Administration said Wednesday it's levying nearly $111,000 in fines against A-Treat Bottling Co.
SPRINGDALE, Ark. (AP) — A Tyson Foods truck driver was killed after being pinned between two truck trailers outside the company's Springdale plant, Arkansas police said Thursday. Merrill Reynolds, 50, was pinned between the back of his truck's trailer and another trailer outside of Tyson's Berry Street plant at about 11 p.
WASHINGTON (AP) — The first sickness was in March and the first signs of a salmonella outbreak appeared in May. Two months later, investigators linked the outbreak to ground turkey and a Cargill meat processing plant in Arkansas. On Wednesday, almost five months after the first illness, the Agriculture Department asked Minnesota-based Cargill to recall 36 million pounds of ground turkey, saying the meat was linked to a death in California and at least 77 illnesses.
(AP) — This product image provided by Anheuser-Busch, shows the new Budweiser label design and a red tab. Anheuser-Busch unveiled the bolder, sleeker design Wednesday, Aug. 3, 2011. It will roll out in the U.S. this summer and into other markets later this year as the company tries to take the iconic U.