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Food & Beverage

Rank Makes $1.64 Billion Bid for Graham Packaging

Rank Group, owned by New Zealand''s richest man Graeme Hart, is the mystery bidder behind a $1.64 billion bid for Graham Packaging Co Inc., said a source familiar with the
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Some Chicken May Contain Small Amounts of Arsenic

The Food and Drug Administration said that some chicken meat may contain small amounts of arsenic, though the agency is stressing that the amount is too tiny to be dangerous
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Court Denies Injunction on Lilly in Amylin Case

According to the Associated Press, drugmaker Eli Lilly and Co. said that a federal court denied an Amylin Pharmaceuticals Inc. request for a preliminary injunction to keep Lilly from using
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Sara Lee Opens New Facility

Sara Lee announced the opening of its modern sliced meats manufacturing facility in Kansas City, Kansas. The company will manufacture sliced deli meats under the Hillshire Farm and Sara Lee Deli
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Incyte Files for US Approval of Cancer Drug

Incyte Corp. has filed for marketing approval of its lead drug candidate ruxolitinib, and has asked regulators to make a decision on the cancer treatment by early December, according to
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E. coli Outbreak Blamed on German Veggie Sprouts

According to the Associated Press, the E. coli outbreak in Europe appears to have been caused by vegetable sprouts grown on an organic farm in Germany, an agriculture official said
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Eli Lilly Exec Simmons Elected to Chiquita Brands Board

Chiquita Brands International Inc. said that its shareholders have elected Ely Lilly & Co. executive Jeffrey Simmons to the company''s board of directors, according to the Associated Press. Simmons, 44,
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Teva Receives US Approval for Generic Alzheimer''s Drug

The U.S. Food and Drug Administration has approved Teva Pharmaceutical Industries Ltd. to sell a generic version of blockbuster Alzheimer''s drug Aricept, according to the Associated Press. Aricept is jointly
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Spain May Take Legal Action Against Germany Over E. coli Scare

Spain is considering legal action against German authorities for saying that Spanish vegetables may be to blame for an E. coli outbreak that has killed more than a dozen and
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Heinz to Cut Up to 1,000 Jobs

Bloomberg reports that H.J. Heinz Co. raised its dividend and profit forecast as it plans to slash as many as 1,000 jobs worldwide. The cuts amount to about 3 percent
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