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Food & Beverage

Smucker Co-CEOs Pay Packages Shrink in Fiscal 2011

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J.M. Smucker Co.''s co-CEOs, great-grandsons of founder Jerome Monroe Smucker, both received smaller pay packages in the 2011 fiscal year than in 2010, according to Associated Press calculations. Timothy Smucker,
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Heinz CEO''s Pay Rose to $15.6 Million in Fiscal Year 2011

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The Associated Press reports that H.J. Heinz Co. CEO William Johnson saw the value of his pay package increase 5 percent to nearly $15.6 million in the most recent fiscal
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Dairy Group Spent $325,000 Lobbying

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According to the Associated Press, the International Dairy Foods Association spent $325,000 in the first quarter lobbying on safe transportation, dietary guidelines and other issues. That is more than the
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Johnson & Johnson Wins Approval for New Blood Thinner

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Johnson & Johnson said that U.S. regulators have approved its new type of blood thinner shown to reduce deadly blood clots in patients who have undergone knee and hip replacements,
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ERB Plans $1.3 Billion Tree-to-Energy Plants at Brazil Factories

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Bloomberg reports that ERB (Energias Renovaveis do Brasil), a Brazilian developer of biomass energy, may invest as much as 2 billion reais ($1.3 billion) to build dedicated power plants to
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Eli Lilly Spends $2.5 Million Lobbying Government in First Quarter

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According to the Associated Press, Eli Lilly and Co. spent $2.5 million in the first quarter lobbying the federal government on access to foreign markets, tax issues and a host
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Coca-Cola Spends $2 Million on Lobbying

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The Associated Press reports that Coca-Cola Co. spent $2 million in the first quarter to lobby the federal government on trade, packaging, tax policy and other business matters, according to
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Chlorine Leak Forces Evacuation at Tyson Foods Plant

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Approximately 300 people at a Tyson Foods Inc. processing plant in Arkansas were evacuated and 100 sent to local hospitals after an accidental mixture of chemicals created a chlorine gas
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EU Approves Lilly''s Weekly Diabetes Drug Bydureon

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European Union regulators have approved the first once-per-week diabetes medication, the companies that developed the drug said Tuesday, reports the Associated Press. Eli Lilly and Co., Amylin Pharmaceuticals Inc. and
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Foster''s Rejects $10 Billion SAB Miller Bid

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Australian beer giant Foster''s rejected an initial Aus$9.51 billion (US$10 billion) takeover bid from SABMiller, but the global brewer said it would still pursue the group, reports the Associated Foreign
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