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Food & Beverage

Asia Pizza Demand Boosts US Cheese Exports

Bloomberg reports, Asia’s growing appetite for pizza and cheeseburgers means the U.S. is exporting the most cheese ever, boosting commodity costs for companies including Kraft Foods Inc. Wholesale cheddar-cheese prices
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FDA Says Bristol-AstraZeneca Diabetes Drug May Cause Cancer

Bristol-Myers Squibb Co. and AstraZeneca Plc’s new diabetes pill may cause breast and bladder cancer, according to U.S. regulators weighing whether to clear sales of the medicine, reports Bloomberg. While
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Beef Contaminated by Radiation Intensifies Food-Safety Concerns in Japan

Beef contaminated by radiation from Fukushima prefecture has been eaten by consumers in Japan, intensifying food-safety concerns and stoking criticism against a government testing program that checks only selected products,
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Union Threatening Strike at Budweiser Distributor

Bizjournals.com reports, teamsters at an Anheuser-Busch InBev distributor in Ohio are threatening to walk off the job after contract negotiations broke down. The union is accusing Heidelberg Distributing Co.,
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Fuwei Films Signs Supply Letter of Intent with Coca-Cola

PRNewswire reports, Fuwei Films (Holdings) Co., Ltd., a manufacturer and distributor of high-quality BOPET plastic films in China, announced that its wholly-owned subsidiary, Fuwei Films (Shandong) Co., Ltd. ("Shandong Fuwei")
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Reynolds Group to Buy Graham Packaging for $1.68 Billion

The Associated Press reports, Graham Packaging Company Inc. is being purchased by New Zealand''s Reynolds Group Holdings Ltd. for about $1.68 billion, after rival bidder Silgan Holdings Inc. failed to
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PepsiCo Announces Test of Reduced-Sugar Cola Innovation, Pepsi NEXT

PepsiCo, Inc. announced at the Beverage Digest Wall Street Smarts conference that the company will test, beginning in July, a new reduced-sugar cola, Pepsi NEXT, in two markets in Iowa
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Bunting® Expands Metal Detection Product Line

Bunting® Magnetics Co. has added the Meatline 05 0 Metal Detector to their metal detection product line. The Meatline is designed for integration in vacuum fillers to examine liquid and
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UK Lawmakers Criticize Kraft''s Cadbury Deal

The Associated Press reports, British lawmakers said Monday they still have "significant concerns" about the takeover of chocolate maker Cadbury by Kraft Foods Inc. The Business, Innovation and Skills Select
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Maple Leaf Chairman Wallace McCain Dies

Wallace McCain, chairman of the Canadian food empire Maple Leaf Foods Inc., and co-founder of McCain Foods Ltd., died Friday night after a lengthy battle with pancreatic cancer, reports The
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