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Food & Beverage

Coca-Cola CEO''s Pay Package Increases 30 Percent

The Associated Press reports that Coca-Cola Co.''s Chairman and CEO, Muhtar Kent, received compensation valued at $19.2 million in the 2010 fiscal year, 30 percent more than the year before,
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Dean Foods Building New Dallas Plant

According to bizjournals.com, Dallas-based Dean Foods is converting a vacant structure in southwest Dallas into a manufacturing plant that could create up to 100 jobs. The plant will turn out
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AB InBev Doubles Dividend Despite Profit Fall

According to the Associated Press, the world''s largest brewer Anheuser-Busch InBev saw fourth-quarter net profit fall by 24 percent largely on lower asset sales. Investors were pleased hear that the
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Smithfield Launches Pork Production Videos After Pig Abuse Allegations

According to the Associated Press, Smithfield Foods Inc. is giving consumers a behind-the-scenes look at the world''s largest pork producer on the heels of animal abuse allegations at one of
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Dean Foods President Scalzo Leaves Company

The Associated Press reports that Dean Foods Co. recently announced that Joseph Scalzo, one of its top executives, has left the company as part of a reorganization of its top
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Anheuser-Busch to Close Wis. Plant

According to bizjournals.com, Anheuser-Busch plans to close its malt plant in Manitowoc, Wis., in six to nine months, affecting 13 employees. The decision was made based on current market forecasts,
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Indian State Allows Claims against Coca-Cola

The Associated Press reports that an Indian state has passed a law allowing residents to seek compensation from soft drink giant Coca-Cola for alleged environmental damage from a former bottling
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Diageo in $2.1 Billion Deal for Turkish Liquor Maker

According to The New York Times, Diageo will buy Mey Icki, a Turkish liquor company, for $2.1 billion, in a deal that will expand the British spirits maker’s global
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Bunge to Pursue Australia Sugar Opportunities as Bid Blocked

According to Bloomberg, Bunge Ltd., will continue to seek acquisition opportunities in the sugar industry in Australia, the third-largest exporter, after its $127 million bid for Tully Sugar Ltd., was
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Kansas Recovers $5.8 Million in Medicaid Fraud Settlements

According to bizjournals.com, Kansas has recovered $5.8 million in Medicaid fraud settlements during the past couple of weeks. The largest chunk — $4.25 million — came from a settlement with
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