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Food & Beverage

Heinz 3Q Profits Up, Buys Stake in Brazilian Co.

March 3, 2011
H.J. Heinz Co. announced a major step in its push into emerging markets -- the purchase of an 80 percent stake in a Brazilian food company, reports the Associated Press.
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Tyson to Pay $5.2 Million to Settle Mexico Payment Claims

February 14, 2011
The Associated Press reports, Tyson Foods Inc. is paying $5.2 million to settle with the U.S. government over claims that its Mexican poultry subsidiary made payoffs to get products certified
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General Mills, Nestlé Open New Innovation Center in Switzerland

February 7, 2011
General Mills and Nestlé invest in continued success of 20-year breakfast cereal partnership by opening an innovation center for Cereal Partners Worldwide, (CPW), a joint venture between the two
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Archer Daniels Midland Gives University $10 Million to Study Crop Loss

January 31, 2011
Global grain processor, Archer Daniels Midland Co., said it’s giving $10 million to fund an institute at the University of Illinois at Urbana- Champaign to minimize post-harvest grain and oilseed
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Canadian Government, Food Processing Industry Launch Project

January 31, 2011
Marketwire reports,Canada has launched the Industry-Government Food Processing Action Plan, a pilot project to actively promote the high-quality foods that Canadian farmers and food processors produce. The "Growing the Canadian
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UK Report: World Needs Global Food System Overhaul

January 31, 2011
The world needs fundamental changes to the global food system to feed the expanding population, according to a British government report on how to feed the planet until 2050, reports
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Tomato Price-Fixing Defendant Seeks Access from Overseas Account

January 24, 2011
The Associated Press reports, a former California food company owner indicted in a tomato price-fixing plot is seeking to tap a million-dollar overseas bank account to help pay for his
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