Kevin Lunny's struggle to keep his family's oyster farm running in Point Reyes National Seashore appears to be over, closing out an era of oysterman plying the park's pristine waters and ushering in the nation's newest ocean wilderness.
After months of drought, companies that ship grain and other goods down the Mississippi River are being haunted by a potential nightmare: If water levels fall too low, the nation's main inland waterway could become impassable to barges just as the harvest heads to market.
An analyst raised ConAgra Foods' rating and price target on Friday, saying that its proposed acquisition of Ralcorp would speed up revenue growth. On Tuesday ConAgra Foods Inc. said that it would buy private-label food producer Ralcorp Holdings Inc. for $5 billion. The companies value the transaction at about $6.8 billion, when debt is included.
The update on the sale process came as Hostess received approval to give its top executives bonuses totaling up to $1.8 million for meeting certain budget goals during the liquidation. The company says the incentive pay is needed to retain the 19 corporate officers and "high-level managers" for the wind down process, which could take about a year.
This Nov. 28, 2012 photo provided by The United States Coast Guard shows vessels navigating through close quarters at a fleeting area, where barges are picked up and dropped off, on the Mississippi River near St. Louis, Mo. The Mississippi, after months of drought, is approaching the point where it may become to shallow for barges that navigate the river.
Eaton Corporation announced tips aimed at helping facility owners and contractors identify counterfeit electrical products. The tips can help customers as they take inventory of their current stock and prepare for purchasing in the New Year.
The Canadian Food Inspection Agency says the same safety standards apply to meat for domestic consumption and for overseas exports and reports to the contrary are "categorically false." The food safety agency is reacting to reports that inspectors at the XL Foods processing plant in Brooks, Alta., were told to ignore contamination on cattle carcasses unless they were destined for Japan.
U.S. Department of Agriculture scientists working as part of an international team have completed a shotgun sequencing of the wheat genome, a paper published in the journal Nature reported today. The achievement is expected to increase wheat yields, help feed the world and speed up development of wheat varieties with enhanced nutritional value.
Pacific Northwest grain shippers say there will be no immediate lockout at a half-dozen terminals along the Columbia River and on Puget Sound. The owners had given the International Longshore and Warehouse Union until midnight Wednesday to accept what they describe as their "last, best and final" offer. But Pat McCormick, a spokesman for the owners, said there would be no midnight lockout.
Hostess Brands Inc. says it's in talks with more than 100 parties interested in buying its brands, which include Twinkies, Ding Dongs and Ho Hos. Those interested parties now include at least five national retailers such as supermarkets, a banker for the company said in bankruptcy court Thursday.
Shifting consumer preferences continue shaping Canada's foodservice industry, with numerous implications for restaurant operators in the coming year. Looking forward, Technomic sees these five trends as growing in importance in 2013.
Kansas State University researchers have helped create a genetic blueprint for many of the traits found in the most common type of wheat. Bikram Gill and Sunish Sehgal were part of an international collaboration that sequenced most of the genes of common wheat, also known as bread wheat.
A pickup in consumer spending and steady home sales helped lift economic growth from October through early November in most parts of the United States, according to a Federal Reserve survey released Wednesday. The one exception was the Northeast, which was slowed by Superstorm Sandy.
Farmers are worried about getting paid for their peanuts, nearly a third of the plant's 150 workers have been laid off, and residents wonder what toll an increasingly contentious showdown between the nation's largest organic peanut butter plant and federal regulators could ultimately have on the region's economy.
Lawyers for a South Dakota beef processing company suing ABC News for defamation have asked a federal judge to remand the lawsuit back to state court. Beef Products Inc. sued ABC News Inc. for defamation over its coverage of a meat product that critics dub "pink slime." The company is seeking $1.2 billion in damages.
A national civil rights organization called on U.S. authorities Wednesday to explain their investigation into a leading maker of food for observant Muslims, saying it is troubled by the secrecy surrounding the seizure of the company's bank account and records.
The FDA suspended the registration of Sunland Inc., which is the country's largest organic peanut butter processor. FDA officials found salmonella in numerous locations in Sunland's processing plant after 41 people in 20 states, most of them children, were sickened by peanut butter manufactured at the Portales, N.M., plant and sold at the Trader Joe's grocery chain.
As part of an effort to help consumers better understand a food’s nutrition value, researchers at RTI International developed an algorithm that gives food an overall nutrition score that could make it easier for consumers to make healthy food choices.
Post Holdings Inc. on Wednesday turned a profit for its fiscal fourth quarter as the cereal maker wasn't weighed down by last year's costs for spinning off from Ralcorp and benefited from raising cereal prices. The St. Louis-based company earned $10.8 million, or 31 cents per share, for the quarter that ended Sept. 30.
Another tiny pest capable of carrying and spreading a disease deadly to citrus trees has been found in California's citrus belt. California Department of Food and Agriculture spokesman Steve Lyle says an Asian citrus psyllid was discovered near Terra Bella in Tulare County. The psyllid was identified last week on a trap in a citrus grove.