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Food & Beverage

Ex-Anheuser Busch CEO’s Girlfriend Overdosed on Oxycodone

According to the Associated Press, the girlfriend of former Anheuser-Busch CEO August Busch IV died at his home after accidentally overdosing on the painkiller oxycodone. Adrienne Martin, 27, was found
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Sara Lee to Raise Prices to Cope with Cost Squeeze

According to the Associated Press, Sara Lee Corp. will raise prices further to cope with higher ingredient costs that squeezed its profit margins in its second quarter. Sara Lee, like
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GlaxoSmithKline Posts Fourth-Quarter Loss on Avandia Charge

GlaxoSmithKline PLC, the world''s second largest drug maker by revenue, has posted a fourth-quarter loss after taking a massive charge to provide for U.S. litigation over its diabetes drug, Avandia,
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PepsiCo Receives Russian Regulatory Approvals

PRNewswire reports that PepsiCo, Inc. announced that the Federal Antimonopoly Service of the Russian Federation has issued approvals for PepsiCo''s previously announced acquisition of Wimm-Bill-Dann Foods OJSC, Russia''s leading branded
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Venezuela Heinz Unit Says Strike May Cause Shortages

Bloomberg reports, H.J. Heinz Co.’s Venezuelan-unit warned that a union-led strike at its San Joaquin factory may create shortages of tomato sauce, gelatin and other products nationwide. The plant closed
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Abbott Cuts 1,900 Jobs

The Associated Press reports that Abbott Laboratories will eliminate 1,900 employees to keep profits up. The maker of drugs and devices said the terminations involve U.S. marketing and manufacturing positions.
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Ivory Coast Impasse May Not Reduce Supply

Bloomberg reports that a political impasse in Ivory Coast, the producer of about a third of the global cocoa crop, may not last long enough to cause significant chocolate shortages,
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High Court Rejects Farmer that Tangled with Tyson

The Supreme Court turned down an appeal from a former Tennessee poultry farmer who sued Tyson Farms after losing his contract to raise their chickens, according to the Associated Press.
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Tomato Defendant in Price-Fixing Scheme Seeks $1.3 Million From Overseas Account

A former California food company owner indicted in a tomato price-fixing plot is seeking to tap a million-dollar overseas bank account to help pay for his defense, according to the
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Dairy Farmers of America Protests $30 Million Class-Action Settlement

Dairy Farmers of America Inc. is joining what appears to be a plaintiffs’ revolt against their lawyers in a class-action settlement involving the dairy industry. Bizjournals reports, the Kansas
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