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Food & Beverage

Tyson hopes to resume beef exports with lifting of South Korea ban

September 19, 2006
Tyson Foods Inc., the world''s largest meat processor, hopes to resume beef sales to South Korea now that the Asian nation has finalized plans to lift a 2003 ban imposed
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Coors beer executive pleads guilty to DWI

August 29, 2006
Beer executive Pete Coors pleaded guilty last Friday to driving while impaired, a lesser charge than the DUI count filed against him after his May arrest, and was sentenced to
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Tyson, Smithfield to close plants

August 22, 2006
Tyson Foods, Inc. will permanently close one plant and consolidate another in the northwestern United States as part of a plan to "operate its fresh meats business more efficiently," the
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Tyson cutting 420 jobs, reducing costs by $200 million

July 24, 2006
Tyson Foods Inc. will cut about 420 management and support jobs as part of a plan to reduce costs by $200 million, Reuters reports. The Springdale, Arkansas-based company—which has been
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Coors beer executive pleads guilty to DWI

July 17, 2006
Beer executive Pete Coors pleaded guilty to driving while impaired, a lesser charge than the DUI count filed against him after his May arrest, and was sentenced to 24 hours
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Kraft hires new CEO, acquires part of United Biscuits Foods

July 10, 2006
Kraft Foods Inc. recently replaced CEO Roger Deromedi with Frito-Lay chief Irene Rosenfeld amid continuing skepticism about the sluggish payoff from an ongoing company-wide overhaul, the Associated Press reports. Deromedi,
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Heinz shareholders urged to reject billionaire investor’s board nominees

June 19, 2006
The Associated Press reports that H.J. Heinz Co. is urging shareholders to reject board nominees put forth by billionaire investor Nelson Peltz, who has tried to force the company to
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Smithfield Foods CEO Luter stepping down

June 19, 2006
Joseph W. Luter, III has announced he plans to relinquish the title of chief executive officer of Smithfield Foods, Inc. after serving for 31 years as chairman and chief executive
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Smithfield to close, consolidate plants

June 14, 2006
Smithfield Packing Co., a unit of the world''s largest pork producer, Smithfield Foods Inc., recently said it was closing a plant in Florida and will consolidate two plants in Smithfield,
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Heinz to cut 2,700 jobs

June 5, 2006
Food producer H.J. Heinz Co., recently said its fiscal fourth-quarter profit dropped 19 percent, and said it plans to cut 2,700 jobs—or 8 percent of its workforce—and exit 15 plants
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