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Food & Beverage

Pfizer May Try to Market Over-the-Counter Lipitor

The Associated Press reports that Pfizer declined to comment on reports it hopes to start marketing an over-the-counter version of its cholesterol drug Lipitor, the world''s biggest-selling prescription drug, after
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Pilgrim''s Pride to Close Dallas Processing Facility by Late September

PRNewswire reports that Pilgrim''s Pride Corporation plans to close its chicken-processing plant in Dallas, Texas, within 60 days as part of its continuing effort to reduce costs and operate more
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Dairy Company Sells Farms to Chinese Firm

Feihe International Inc., formerly known as American Dairy, plans to sell its two dairy farms in China to a Chinese investment company, according to the Associated Press. The investment firm,
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Pilgrim''s Expands Voluntary Recall Due to Potential Listeria Contamination

According to PRNewswire, Pilgrim''s Pride Corporation is expanding last week''s voluntary recall of ready-to-eat chicken products due to potential contamination from Listeria Monocytogenes. The expanded recall involves approximately 7,072 pounds
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Cocoa Prices Fall as Ivory Coast Output Nears Record

Cocoa fell in New York on speculation supplies from top producer Ivory Coast will be larger than initially estimated, Bloomberg reported. Coffee and sugar slid. Output in Ivory Coast may
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Food and Beverage Companies Propose New Regulations for Advertising Toward Children

According to the Los Angeles Times, some of the nation’s largest food and beverage companies have proposed new self-imposed regulations to drastically restrict the kinds of products they advertise and
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Cargill Settles Lawsuit Over Wages at Nebraska Plant

According to the Associated Press, Cargill Meat Solutions Corp. has settled a class-action lawsuit brought by workers seeking back pay for unpaid time they spent preparing for and cleaning up
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FDA Approves New AstraZeneca Blood Thinner

According to the Associated Press, a long-delayed blood thinner from AstraZeneca PLC won U.S. approval Wednesday, posing new competition to the multibillion-dollar blockbuster pill Plavix. The Food and Drug
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Coca-Cola Second Quarter Net Income Rises on Overseas Growth

Coca-Cola Co.''s second-quarter profit rose 18 percent on strong growth overseas and the acquisition of a bottler, according to the Associated Press. The results beat expectations and the company''s stock
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Dean Foods Reaches $140 Million Settlement with Farmers

Dean Foods Co., one of the largest dairy distributors in the United States, says it has agreed to pay $140 million to settle a lawsuit over pricing with a group
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