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Food & Beverage

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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Former Cadbury Executive Chambers Leaving Kraft

Bloomberg reports that Kraft Foods, the world’s largest confectioner, said former Cadbury executive Jim Chambers will leave in July, the latest departure since Kraft’s $23 billion takeover of the U.K.
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MillerCoors Promotes Long to CEO

The Associated Press reports that MillerCoors said that Tom Long will take over as CEO of the brewer in June when its current CEO, Leo Kiely, retires. Long, 53, is
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Court Blocks Generic Cymbalta

Eli Lilly and Co. said that a federal court is blocking low-cost generic versions of Cymbalta from the market until the patents supporting the drug expire, according to the Associated
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Continuously Fry Kettle Chips

Universal Product Cooker (UPC) produces all styles of hard-bite kettle style potato chips continuously at capacities up to 1,800 finished pounds per hour. UPC can also continuously fry many other
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Meat Prices Going Even Higher

In a revised forecast Monday, the U.S. Agricultural Department indicated that consumers will see higher price tags on a package of ground beef or steak at the supermarket, according to
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Tyson Cited for Alleged Violations at Nebraska Plant

The Occupational Safety and Health Administration has issued eight violations against a Tyson Foods Inc. meatpacking plant in Lexington, according to the Associated Press. The federal agency on Monday cited
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