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Food & Beverage

Candy CEO Ferrero Dies While Cycling

Bloomberg reports that Pietro Ferrero, chief executive officer of the Ferrero group, maker of Nutella chocolate spread and Tic Tacs, and heir to Italy’s biggest fortune, died of a suspected
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Nestle Sales Down but Growth up 6.4 Percent

According to the Associated Press, Swiss food and drinks giant Nestle SA reported first-quarter sales of $22.64 billion — a more than 9 percent drop from comparable sales a year
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J&J''s Penalty on Risperdal Marketing Violations Postponed

According to Bloomberg, a South Carolina judge deferred a decision on the penalties he will impose on a Johnson & Johnson unit for violating consumer-protection laws in a case in
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Federal Judge Considering Dairy Settlement

The Associated Press reports that a federal judge in Vermont is considering moving forward with a partial settlement of an anti-trust lawsuit in which national dairy processor Dean Foods Co.
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Regeneron Eye Drug Gets Priority FDA Review

According to the Associated Press, Regeneron Pharmaceuticals Inc. said the Food and Drug Administration gave the company''s experimental treatment for an eye condition that can lead to blindness priority review
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Oyster Leaders Meet to Discuss BP Spill

The Associated Press reports that Louisiana oyster industry leaders say BP PLC has yet to honor a $15 million commitment to help oyster farmers, processors and dealers recover from last
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Dean Foods Seeks Buyer for Fluid Dairy Processing Plant

Dean Foods Company announced today that it is actively seeking a buyer for its milk processing, selling, marketing and distribution business located in Waukesha, Wis. The Company agreed to sell
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ConAgra Foods Recognizes Sustainable Business Practices

According to Business Wire, ConAgra Foods recently announced today the winners of its 2011 Sustainable Development Awards, an internal awards program intended to drive and reward innovative approaches to sustainability
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General Mills Considering Building $36 Million Distribution Center

According to bizjournals.com, General Mills is considering building a $36 million distribution and warehouse center in Fort Wayne, Ind., where it already has similar operations, according to a report Tuesday.
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FDA Panel Supports Pfizer, Novartis Pancreatic Drugs

A Food and Drug Administration panel of experts has recommended expanding the approved use of two drugs made by Novartis AG and Pfizer Inc. to include treating a rare type
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