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Food & Beverage

EU Approves Lilly''s Weekly Diabetes Drug Bydureon

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

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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Georgia Poultry Plant Cutting 300 Jobs

Business Journals reports, Cagle will eliminate 300 positions at its Pine Mountain Valley, Ga., facility. The Atlanta-based poultry company said it will discontinue second shift operations at the Pine Mountain
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FDA Approves New Version of Abbott Labs Cancer Drug

Abbott Laboratories said that the Food and Drug Administration has approved a formulation of its prostate cancer treatment Lupron Depot that allows patients to receive treatment every six months, reports
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Colgate-Palmolive Completes $952 Million Sanex Deal

Colgate-Palmolive Co. has completed its $952 million purchase of the personal care brand Sanex from Unilever PLC, the company said Monday, reports the Associated Press. The deal strengthens Colgate''s positions
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Kellogg Gets Second FDA Warning on Listeria in Two Years

Bloomberg reports that a Kellogg cookie plant in Augusta, Georgia, was found to have a persistent strain of listeria during a February inspection, including on food-contact surfaces, according to a
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Bristol-Myers Gets FDA Approval on New Transplant Drug

The first new type of drug in more than a decade for keeping transplanted kidneys functioning won approval from federal regulators, according to the Associated Press. The Food and Drug
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Tyson Fined for Safety Violations

Zacks reports, the feed mill of Tyson Foods Inc. at Nashville, Ark., has been fined a sum of $70,000 for “willful” safety violations by The Occupational Safety and Health Administration
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Huntsman Company Pays $33 Million to Settle Lawsuit

The Associated Press reports, Huntsman International LLC recently agreed to pay the $33 million to settle a lawsuit alleging price-fixing suit filed by several competitors. The lawsuit accused Huntsman International
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Regeneron Drug Effectively Treats Vision Loss

Reuters reports, a proposed eye medicine from Regeneron Pharmaceuticals and Bayer AG was found by U.S. drug reviewers to be an effective way of treating vision loss from macular degeneration,
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