Kraft Foods CEO Tony Vernon got a big pay bump last year after rising to the top spot as part of the company's split with its global snack business. Vernon was given a pay package worth $6.8 million in 2012, according to a filing made with the Securities and Exchange Commission on Friday. That's up 49 percent from $4.6 million the previous year.
Rich Products Corp. is now recalling all of the frozen snack foods produced at its Waycross, Ga., plant. The Buffalo, N.Y., company last week announced a voluntary recall of certain Farm Rich and Market Day products because of possible E. coli contamination. It has now expanded the recall to include everything made at the Georgia plant.
Engineering researchers at Rensselaer Polytechnic Institute have developed a new method to kill deadly pathogenic bacteria, including listeria, in food handling and packaging. This innovation represents an alternative to the use of antibiotics or chemical decontamination in food supply systems.
At least some Asian carp probably have found their way into the Great Lakes, but there's still time to stop the dreaded invaders from becoming established and unraveling food chains that support a $7 billion fishing industry and sensitive ecosystems, according to a scientific report released Thursday.
Mexico City authorities say seven workers died while cleaning a tank at a Grupo Modelo brewery in Mexico City. A spokeswoman for city prosecutors says the accident occurred early Sunday and that investigators are looking into whether the workers died from inhaling toxic fumes. The official spoke on condition of anonymity because she was not authorized to discuss the case.
Using nature as their inspiration, the researchers successfully attached cell lytic enzymes to food-safe silica nanoparticles, and created a coating (seen up close in this scanning electron micrograph image) with the demonstrated ability to selectively kill listeria — a dangerous foodborne bacteria that causes an estimated 500 deaths every year in the United States.
Missouri's Secretary of state, Jason Kander, has filed a cease-and-desist order against the organization underwriting bonds for a failed sweetener plant in Mamtek, Mo. The order alleges that the company did not investigate the sweetner company's business plans.
The internet is blossoming into quite the virtual vineyard. Online wine options are everywhere, from flash sale sites like Lot18 offering daily deals to Facebook prodding you to send a little something for Aunt Suzy's birthday. And now there's a new generation of startups such as Club W, which adds a little algorithm to your albarino, using surveys and ratings to figure out what you might like to drink next.
JBS USA says it intends to complete its purchase of two XL Foods beef packing plants in the U.S., effective Monday. JBS USA is taking over a plant in Omaha, Neb., that can process 1,100 head of cattle per day and another plant in Nampa, Idaho, that is idle. JBS said Thursday it has no immediate plans to reopen the Idaho facility.
Missouri Secretary of State Jason Kander announced action Thursday against a financial management company connected to the failed Mamtek artificial sweetener plant in mid-Missouri. Kander filed a cease-and-desist order against Morgan Keegan & Co. Inc., which was the underwriter for bonds for the Mamtek project at Moberly. Kander said bond purchasers investing in the failed plant lost $6.5 million.
India has decided to lift curbs on its $15.5 billion sugar industry that restricted sales of sugar on the open market and required mills to sell sugar to the government at a deep discount. The Cabinet decided late Thursday that sugar mills will no longer face quotas on the amount of sugar they can sell or be forced to sell 10 percent of their output at a discount to the government's public distribution network.
The U.S. government says Tyson Foods has agreed to pay roughly $4 million in civil penalties to settle alleged violations related to eight accidental releases of anhydrous ammonia that happened over a four-year span and caused one death.
It's opening week, and as Major League Baseball teams kick off their season, fans are flocking back to ballparks across the nation. No game is complete without a trip to the concession stand, and if there's one ballpark treat baseball fans continue to relish, it's hot dogs.
McCormick & Co. said Thursday it approved the repurchase of $400 million in company stock. McCormick makes an array of spices and other cooking products for consumers, restaurants and food manufacturers. The company reported results for its fiscal first quarter on Tuesday, and its net income and revenue were both slightly better than Wall Street expected. McCormick's shares are trading around all-time highs.
Some family businesses are more resilient during downturns because of that focus on the long term as well as a commitment to their customers, and employees and careful spending, said Pramodita Sharma, a University of Vermont business school professor, and editor of the Family Business Review, a scholarly business journal.
China has started slaughtering all poultry at a Shanghai market after a new bird flu strain that has killed five people was detected in pigeons being sold there. The mass bird killing is the first so far as the Chinese government responds to the H7N9 strain of bird flu, which has sickened 14 people, many critically, along the eastern seaboard in its first known infections of people. The first cases were announced Sunday.
Think Wall Street trading is brutal? Head up to the grittiest part of the South Bronx, where cutthroat deals are made in the dead of night on a massive concrete floor that reeks of fish guts. The New Fulton Fish Market is the nation's largest seafood market, and second in the world to Tokyo's.
A real estate company working with Hostess Brands is looking to sell three Iowa properties as part of the ongoing auction of the bankrupt company's assets. The Des Moines Register reports that the buildings include a 3,000 square-foot bakery building and a 12,750-square-foot warehouse that are located in Waterloo.
A worker spays disinfectant liquid on to chicken cages at a wholesale market on Thursday, April 4, 2013, in Shanghai, China. In a worrisome sign, a bird flu in China appears to have mutated so that it can spread to other animals, raising the potential for a bigger threat to people, scientists said Wednesday.
The American meat industry is considering revamping the names it uses to differentiate between various cuts of pork, beef, lamb and veal. The current system, known as the Uniform Retail Meat Identification Standards, is better designed to meet the needs of retailers than consumers.