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Food & Beverage

DOJ Sues to Block Sale of Tyson Foods Plant

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The Associated Press reports that antitrust regulators have filed a lawsuit to block the sale of a Tyson Foods Inc. plant in Harrisonburg, Va., saying the deal could hurt competition
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FDA Grants Faster Review to Bayer''s Regorafenib

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The Food and Drug Administration will conduct a faster review of Bayer HealthCare Pharmaceuticals Inc.''s cancer drug candidate regorafenib, according to the Associated Press. The FDA will conduct a fast
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Cargill Buys Texas Hog Production Facility

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According to PRNewswire, Cargill''s Wichita-based pork business has completed a transaction to acquire a 21,500-acre hog production site near Dalhart, Texas, from the Premium Standard Farms LLC subsidiary of Smithfield
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J&J Files New Lawsuit Against Impax Labs

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According to the Associated Press, Impax Laboratories Inc. received a second patent lawsuit from Johnson & Johnson''s Alza Corp. division related to Impax''s proposed generic version of drug Concerta, which
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AB InBev Profit Doubles, Sales Flat

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The Associated Press reports that the world''s largest brewer Anheuser-Busch InBev NV posted sharply higher net profit for the first quarter, but the results were skewed by high costs last
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ConAgra Foods Makes $4.9 Billion Bid for Ralcorp

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According to the Associated Press, ConAgra Foods Inc. made a $4.9 billion bid for cereal maker Ralcorp Holdings Inc., which would broaden its business making store-brand products and make it
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Former Cadbury Executive Chambers Leaving Kraft

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Bloomberg reports that Kraft Foods, the world’s largest confectioner, said former Cadbury executive Jim Chambers will leave in July, the latest departure since Kraft’s $23 billion takeover of the U.K.
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MillerCoors Promotes Long to CEO

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The Associated Press reports that MillerCoors said that Tom Long will take over as CEO of the brewer in June when its current CEO, Leo Kiely, retires. Long, 53, is
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Court Blocks Generic Cymbalta

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Eli Lilly and Co. said that a federal court is blocking low-cost generic versions of Cymbalta from the market until the patents supporting the drug expire, according to the Associated
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Continuously Fry Kettle Chips

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Universal Product Cooker (UPC) produces all styles of hard-bite kettle style potato chips continuously at capacities up to 1,800 finished pounds per hour. UPC can also continuously fry many other
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