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Food & Beverage

J.M. Smucker Completes Acquisition of Rowland Coffee Roasters

According to Bloomberg, JM Smucker Co., has completed the acquisition of Rowland Coffee Roasters Inc.’s coffee brands and business operations for $360 million. The purchase of the Miami-based seller of
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Pfizer Seeks US, Japan Approval of Cancer Drug

According to the Associated Press, Pfizer Inc. said that the Food and Drug Administration accepted its application for the experimental lung cancer treatment crizotinib, one of its key drug candidates.
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Frito-Lay Sued Over Alleged Metal Objects in Chips

Reuters reports that a woman has filed suit against Frito-Lay and Costco for at least $50,000, charging that the Ruffles potato chips she ate contained some objects such as straight
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Ivory Coast Makes First Cocoa Export Since January

According to the Associated Press, port officials have loaded Ivory Coast''s first shipment of beans in several months as the world''s largest cocoa producer resumed exportation now that the democratically
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DOJ Sues to Block Sale of Tyson Foods Plant

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

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

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

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

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

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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