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Food & Beverage

Sara Lee closing Ohio plant

May 4, 2006
Sara Lee Corp. will close a luncheon meat plant in Ohio this fall, eliminating 350 jobs, the Associated Press reports. Production will move to other food and drink plants, the
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Bristol-Myers Squibb taking antibiotic off market

May 4, 2006
An antibiotic plagued by serious blood-sugar complications is coming off the market, the Associated Press reports. Bristol-Myers Squibb Co. confirmed recently that it plans to stop making and selling Tequin.
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Tyson closes nine plants during May 1 rallies

May 4, 2006
Tyson Foods Inc., the world''s largest meat producer, temporarily shut down nine of its beef and pork plants May 1 because many of its workers planned to attend immigration rallies,
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Dow to increase Natreon production 35 percent

April 18, 2006
Dow Chemical Co. said its Dow AgroSciences LLC subsidiary is increasing production of its Natreon low-fat cooking oils by 35 percent in North America this year and plans to double
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Judge seeks FDA ruling on Novartis drug

April 18, 2006
Reuters reports that a federal judge has ordered the U.S. Food and Drug Administration to decide after a long delay whether Novartis AG can market a version of human growth
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Supply, immigration rally force Tyson to cut meat output

April 10, 2006
Reuters reports that Tyson Foods Inc., the largest U.S. meat producer, reduced production for one day on April 10 in response to poor market conditions and to concerns a nationwide
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Heinz completes sale of New Zealand poultry processor

April 10, 2006
H.J. Heinz Company has completed the sale of its Auckland, New Zealand-based poultry business, Tegel Foods, to Pacific Equity Partners. According to Business Wire, the transaction is valued at NZ$250
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Displaced Tyson workers transfer to plants

March 23, 2006
Tyson Foods Inc. said that more than 500 workers displaced by two plant closings in Nebraska have transferred to other Tyson plants in the region, and that it would donate
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BOC Group accepts $14.9 billion takeover offer

March 13, 2006
Germany''s Linde AG said that directors of British gases company BOC Group PLC have accepted a takeover offer worth 8.5 billion pounds ($14.9 billion) in a deal that would create
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FDA says Lilly drug doesn’t help ovarian cancer

March 13, 2006
Eli Lilly & Co.''s cancer drug Gemzar used in combination with a chemotherapy agent did not appear to adequately improve survival and increased toxicity for patients with advanced ovarian cancer,
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