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Food & Beverage

Regulators sue JBS, National Beef over deal

October 22, 2008
The Associated Press reports that regulators have filed a lawsuit to block the world''s largest beef packer from buying the nation''s fourth-largest beef processor, saying such a deal could push up
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Reports of serious drug reactions hits record high, including deaths

October 22, 2008
A health industry watchdog group has announced that the number of serious drug reactions and deaths reported to the government shot up in the first three months of this year to set
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Smuckers shareholders approve buyout of Folgers

October 20, 2008
Shareholders of J.M. Smucker Co. have approved the proposed buyout of Folgers Coffee Co. from Procter & Gamble Co., roughly doubling the size of the jams and jellies maker, according
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PepsiCo to cut 3,300 jobs as profit falls

October 15, 2008
According to the Associated Press, PepsiCo Inc. plans to eliminate 3,300 jobs and shutter six plants in an effort to save $1.2 billion over three years. It plans to use
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PepsiCo to renew effort on soft drinks sales

October 13, 2008
PepsiCo is launching a new marketing campaign to refocus attention on soft drinks in the U.S., which have seen lagging sales, according to the Associated Press. In recent years, as
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Kraft to cut 400 jobs in North America

October 8, 2008
Kraft Foods Inc. has announced they are cutting 400 jobs in North America to reduce costs, according to the Associated Press. The layoffs will represent a cut of about one
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Anheuser-Busch and union reps reach agreement

October 6, 2008
The Associated Press reports that Anheuser-Busch Cos. and The International Brotherhood of Teamsters have reached a tentative agreement on local, national and economic issues. The new agreement calls for a
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Qiagen buys analysis system for $53 million

October 1, 2008
According to the Associated Press, Netherlands-based diagnostic products maker Qiagen NV has purchased Biotage AB''s biosystems unit for about $53 million in cash as part of a move to expand
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Low sales spread globally for Pepsi bottler

October 1, 2008
Pepsi Bottling Company, the largest global bottler of Pepsi-Cola drinks, is seeing signs that the slowdown in the U.S. is spreading to its global customers, as reported by Financial
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Heinz recalls baby food in Hong Kong

September 29, 2008
According to the Associated Press, H.J. Heinz Co. has recalled baby food in Hong Kong that had trace amounts of melamine, the industrial chemical involved in the tainted milk
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