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Idle Iowa Beef Plant Prepares to Reopen This Month

October 20, 2014 9:54 am | by Associated Press | News | Comments

Iowa Premium Beef, a long-idle beef processing plant in Tama, Iowa, is getting ready to reopen later this month. The plant has undergone a $46.8 million renovation to prepare to process about 1,100 cattle a day.         

Brazilian Pair Boosts Bid For Chiquita

October 17, 2014 9:48 am | by Associated Press | News | Comments

Chiquita already has a merger agreement in place...

Hershey Wins Trademark Lawsuit Against Colorado Pot Company

October 17, 2014 9:31 am | by Associated Press | News | Comments

A Colorado marijuana edibles company must recall or destroy its pot-infused products that...

Worker Charged With $4M Scheme to Defraud J.M. Smucker Co.

October 17, 2014 9:16 am | by Associated Press | News | Comments

An Akron man who worked for 16 years at the J.M. Smucker Co. was charged with hatching a $4...

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Va. Consumers Are Sour Over Booze Price Hike

October 16, 2014 2:00 pm | by MICHAEL FELBERBAUM, AP Business Writer | News | Comments

As part of a plan to close a $2.4 billion gap in the two-year budget, Gov. Terry McAuliffe has directed the Department of Alcoholic Beverage Control to hike the costs of liquor.                 

Peanut Industry Slow to Rebound Following Salmonella Outbreak

October 16, 2014 9:41 am | by SUSAN MONTOYA BRYAN, Associated Press | News | Comments

Peanut farmers are expected to bring in 6 million pounds less this year, according to forecasts released this week by the U.S. Department of Agriculture. That represents nearly a 30 percent drop in production in New Mexico from the year before.

Nestle Reports a 3 Percent Drop in Sales

October 16, 2014 9:17 am | by JOHN HEILPRIN, Associated Press | News | Comments

Nestle S.A., the world's biggest food and drink company, reported a 3-percent drop in group sales for the first nine months of the year, impacted by weakness in currencies against the Swiss franc and other costs.       

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Morton Salt to Expand in China

October 15, 2014 10:48 am | by Morton Salt, Inc. | News | Comments

Morton Salt announced it is expanding its iconic MortonĀ® brand, product offerings and capabilities in China through a strategic collaboration with Morton China National Salt (Shanghai) Salt Co. Ltd., a Chinese joint venture.       

Ingredion Buys Specialty Ingredients Company For $340M

October 15, 2014 10:10 am | by Associated Press | News | Comments

Westchester, Illinois-based Ingredion Inc. is buying specialty ingredients company Penford Corp. to help address areas that consumers are growing increasingly interested in, such as nutrition and gluten-free eating.         

US Producer Prices Fell in September

October 15, 2014 10:06 am | by JOSH BOAK, AP Economics Writer | News | Comments

The Labor Department said the producer price index fell 0.1 percent in September from the previous month. The falling food costs lowered the prices that U.S. companies received for their goods and services.            

Hog Farms Rebound From Virus That Killed Millions of Piglets

October 13, 2014 9:17 am | by DAVID PITT, Associated Press | News | Comments

Thanks to warmer weather and farmers' efforts to sterilize their operations, the porcine epidemic diarrhea virus has waned. As pig numbers increase, steep prices on things like bacon should ease.            

Molson Coors and Miller Brewing End Canada Partnership

October 10, 2014 12:00 pm | by Associated Press | News | Comments

Molson Coors and Miller Brewing announced that they have settled amicably their litigation in Toronto arising from the Licence Agreement for the Miller trademark brands in Canada. Miller will regain the rights to distribute the beers on April 1. 

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5 Things to Consider When Selecting a Site For Your New Plant

October 10, 2014 11:10 am | by Jim Hale, Senior Civil Engineer, Stellar | Blogs | Comments

If your organization does, in fact, require an entirely new plant, here are five factors to consider that will help keep you on track during your site-selection process.                       

Mexico's Tax on Junk Food Hits Pepsi, Coke

October 9, 2014 2:46 pm | by CANDICE CHOI, AP Food Industry Writer | News | Comments

Recent declines suffered by Pepsi and Coke in Mexico underscore why the beverage industry is fighting tax proposals on sugary drinks in in San Francisco and nearby Berkeley. It's not yet clear whether the taxes' impact on consumption will last.

Price Gap Between More and Less Healthy Foods Grows

October 9, 2014 8:42 am | by University of Cambridge | News | Comments

A recent study tracked the price of 94 key food and beverage items from 2002 to 2012. Its findings show that more healthy foods were consistently more expensive than less healthy foods, and have risen more sharply in price over time.    

Pepsi Sales Expected to Rise in Q3

October 9, 2014 8:29 am | by Associated Press | News | Comments

The world's largest snack maker posted earnings of $2.01 billion for the period ended Sept. 6. That compares with $1.91 billion a year earlier. The company has been able to strengthen its pricing to boost gross margins, even with economic growth stagnating overseas.

VIDEO: Heirs of Real 'Aunt Jemima' Sue For $2B

October 8, 2014 10:48 am | by CBS This Morning | Videos | Comments

The descendants of a woman who they say portrayed Aunt Jemima are suing Quaker Oats for $2 billion over profits they claim the company promised to their great-grandmother.                     

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VIDEO: Chobani Founder Pledges $2M For ISIS Refugees

October 8, 2014 10:42 am | by CNN Money | Videos | Comments

Hamdi Ulukaya, founder and CEO of Chobani, is giving $2 million to refugees displaced by the terrorist group ISIS.                                      

Snack Food Manufacturer Expands, Creates More Than 250 Jobs

October 8, 2014 10:33 am | by Associated Press | News | Comments

Snack food manufacturer Calbee North America will set up a factory in a former BMW warehouse in Senatobia, Mississippi. Officials say the company will invest $51.1 million and will create 254 jobs over the next five years.      

SodaStream's Run at Coke, Pepsi Fizzles Out

October 7, 2014 9:45 am | by Associated Press | News | Comments

SodaStream has touted its machines as a cheaper, more environmentally friendly alternative to buying bottled or canned drinks such as Coke and Pepsi. It has been trying to make a splash in the U.S. and advertised in the last two Super Bowls.

Mondelez to Build $90M Biscuit Plant in Bahrain

October 1, 2014 1:25 pm | by Mondelez International, Inc. | News | Comments

In the initial two- to three-year phase, the new plant will operate four biscuit-manufacturing lines with a total capacity of nearly 90,000 tons per year. That's the equivalent of about nine-times the weight of the Eiffel Tower in Paris. Like other, state-of-the-art Mondelez International plants, the facility is scalable.

Coca-Cola to Revise Executive Pay Plan After Criticism

October 1, 2014 1:04 pm | by CANDICE CHOI, AP Food Industry Writer | News | Comments

The world's largest beverage maker, Coca-Cola, said Wednesday its long-term incentive program will now distribute the company's shares to a smaller group of executives, while the rest will be rewarded with cash bonuses instead.     

General Mills to Cut 700 to 800 Jobs

October 1, 2014 8:59 am | by Associated Press | News | Comments

The Minneapolis company that owns Betty Crocker and Green Giant brands said in a regulatory filing that the 700 to 800 job cuts will take place mostly in the U.S. This is the second time General Mills has trimmed its workforce in a month.  

Dole Food Owner Giving $15 Million a Year to Research Institute

September 30, 2014 3:15 pm | by Associated Press | News | Comments

The 91-year-old billionaire owner of Dole Food Co. said Tuesday he is committing $15 million a year in perpetuity to sustain a North Carolina research institute named after him devoted to improving human health through scientifically honed nutrition.

Nestle to Sell 2 German Baby Food Brands

September 29, 2014 12:30 pm | by Associated Press | News | Comments

The Swiss-based food and drink company Nestle SA is selling two baby food brands in Germany to an investor consortium for an undisclosed sum. The company says it plans to concentrate its baby food business in Germany and Austria.     

Hummus-Maker to Expand Va. Plant, Double Production Capacity

September 29, 2014 9:24 am | by MICHAEL FELBERBAUM, AP Business Writer | News | Comments

Sabra Dipping Co. is doubling its production capacity and creating 70 jobs in 2015 by expanding its Virginia operations. Sabra first opened its factory in 2010, making 4,000 tons of hummus monthly.              

The Inversion Crackdown is in Full Swing

September 29, 2014 8:38 am | by Maura Falk, Associate Editor, IMPO Magazine | Blogs | Comments

It looks like the Obama administration has finally thrown down the gauntlet with companies moving their headquarters overseas.                                      

North Dakota's Flour Mill to Become Largest Wheat-Grinding Factory in US

September 29, 2014 8:35 am | by JAMES MacPHERSON, Associated Press | News | Comments

North Dakota's state-owned flour mill is currently undergoing a $27 million expansion that will make it the largest wheat-grinding factory in the U.S. The mill's manager said the expansion is necessary to meet growing flour demand.     

Brown-Forman Announces Whiskey Row Project

September 25, 2014 3:45 pm | by BRUCE SCHREINER, Associated Press | News | Comments

The company revealed its plans to invest about $30 million to transform two historic buildings into the production facility and tourist attraction along a stretch of downtown Louisville that was known as "Whiskey Row" from the city's liquor-making heyday.

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