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Food & Beverage

Eli Lilly Exec Simmons Elected to Chiquita Brands Board

Chiquita Brands International Inc. said that its shareholders have elected Ely Lilly & Co. executive Jeffrey Simmons to the company''s board of directors, according to the Associated Press. Simmons, 44,
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Teva Receives US Approval for Generic Alzheimer''s Drug

The U.S. Food and Drug Administration has approved Teva Pharmaceutical Industries Ltd. to sell a generic version of blockbuster Alzheimer''s drug Aricept, according to the Associated Press. Aricept is jointly
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Spain May Take Legal Action Against Germany Over E. coli Scare

Spain is considering legal action against German authorities for saying that Spanish vegetables may be to blame for an E. coli outbreak that has killed more than a dozen and
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Heinz to Cut Up to 1,000 Jobs

Bloomberg reports that H.J. Heinz Co. raised its dividend and profit forecast as it plans to slash as many as 1,000 jobs worldwide. The cuts amount to about 3 percent
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The Coca-Cola Company Names Perez Chief Sustainability Officer

According to Business Wire, The Coca-Cola Company today announced that Beatriz Perez, currently Chief Marketing Officer for Coca-Cola North America, will become the Company’s Chief Sustainability Officer, effective July 1.
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Kensey Nash Buys Synthes'' Norian Unit for $22 Million

According to the Associated Press, medical device company Kensey Nash Corp. said Tuesday it acquired the assets of bone cement maker Norian for $22 million in cash. Kensey Nash is
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Craft Brewers Can Still Distribute Under Illinois Bill

According to the Associated Press, an Illinois bill would allow craft beer brewers to distribute their own beer, reversing a court ruling to stop that practice. Only craft breweries could
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Par Pharma Acquires Generic Drugmaker Edict for $37.6 Million

Generic drug developer Par Pharmaceutical Companies Inc. will buy privately held Edict Pharmaceuticals for up to $37.6 million in cash, according to the Associated Press. Edict, based in Chennai, India,
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Kraft to Pay $8.1 Million to Settle Pollution Lawsuit

Kraft Foods Inc. will pay $8.1 million to settle a class-action lawsuit over pollution at a former factory in Attica, Ind., according to the Associated Press. The lawsuit, filed in
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FDA Expands Pfizer Drug Approval for Rare Cancer

The Food and Drug Administration has expanded approval of a Pfizer drug to treat a rare form of pancreatic cancer, according to the Associated Press. The agency said it cleared
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