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Food & Beverage

Republicans Question Proposed Meatpacking Reforms

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The Associated Press reports that an effort by the Obama administration to overhaul antitrust rules for the meatpacking industry with the toughest regulations since the Packers and Stockyards Act was
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Honey Made Near Monsanto GM Maize May Face EU Limits

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Bloomberg reports that beekeepers with hives close to fields of Monsanto Co.’s genetically modified maize can’t sell their honey in the European Union without regulatory approval. The unintentional presence in
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Ex-Anheuser Busch CEO’s Girlfriend Overdosed on Oxycodone

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According to the Associated Press, the girlfriend of former Anheuser-Busch CEO August Busch IV died at his home after accidentally overdosing on the painkiller oxycodone. Adrienne Martin, 27, was found
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Sara Lee to Raise Prices to Cope with Cost Squeeze

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According to the Associated Press, Sara Lee Corp. will raise prices further to cope with higher ingredient costs that squeezed its profit margins in its second quarter. Sara Lee, like
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GlaxoSmithKline Posts Fourth-Quarter Loss on Avandia Charge

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GlaxoSmithKline PLC, the world''s second largest drug maker by revenue, has posted a fourth-quarter loss after taking a massive charge to provide for U.S. litigation over its diabetes drug, Avandia,
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PepsiCo Receives Russian Regulatory Approvals

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PRNewswire reports that PepsiCo, Inc. announced that the Federal Antimonopoly Service of the Russian Federation has issued approvals for PepsiCo''s previously announced acquisition of Wimm-Bill-Dann Foods OJSC, Russia''s leading branded
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Venezuela Heinz Unit Says Strike May Cause Shortages

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Bloomberg reports, H.J. Heinz Co.’s Venezuelan-unit warned that a union-led strike at its San Joaquin factory may create shortages of tomato sauce, gelatin and other products nationwide. The plant closed
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Abbott Cuts 1,900 Jobs

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The Associated Press reports that Abbott Laboratories will eliminate 1,900 employees to keep profits up. The maker of drugs and devices said the terminations involve U.S. marketing and manufacturing positions.
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Ivory Coast Impasse May Not Reduce Supply

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Bloomberg reports that a political impasse in Ivory Coast, the producer of about a third of the global cocoa crop, may not last long enough to cause significant chocolate shortages,
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High Court Rejects Farmer that Tangled with Tyson

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The Supreme Court turned down an appeal from a former Tennessee poultry farmer who sued Tyson Farms after losing his contract to raise their chickens, according to the Associated Press.
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