The Coca-Cola Co. and Illycaffe.(BUSINESS BRIEFS ...)
The Coca-Cola Co. and Illycaffe have finalized their global joint
venture, kick starting it with the launch of three premium RTD coffee
products across a number of European markets. The companies . . .
Pilgrim's Pride.(BUSINESS BRIEFS ...)(Pilgrim's Pride
Corp.)(Brief article)
Pilgrim's Pride decided to close a chicken processing complex
and six of its 13 distribution centers in the United States. The
closures will lead to the loss of 1,100 jobs and are part of . . .
ConAgra Foods Inc.(BUSINESS BRIEFS ...)
ConAgra Foods Inc. is shedding its volatile commodities-trading
business while the getting is good. Meanwhile, hedge fund Ospraie
Management LLC is placing a $2.1 billion bet that the high times in . . .
Fischler says CAP must change to address food
'crisis'.(News Briefs ...)
Fischler Says CAP Must Change to Address Food 'Crisis':
Europe's Common Agricultural Policy must be changed to tackle the
"world's worst food crisis in decades," former EU
Agriculture Commissioner . . .
Nestle Chief warns that biofuels threaten food supplies.(News
Briefs ...)
Nestle Chief Warns That Biofuels Threaten Food Supplies: In an
interview with Swiss newspaper NZZ am Sonntag last weekend, Nestle SA
chief executive Peter Braback condemned proposals for increasing . . .
Egg prices jump.(Report)(Brief article)
Even eggs can't escape the nation's economic angst. A
surge in egg exports, the weak dollar, pricey grain, oil at more than
$100 a barrel and cuts in the national chicken flock have contributed . . .
Food firms hedge costs.
Under mounting pressure from surging commodity prices, makers of
the name-brand foods that fill the nation's grocery shelves are
fighting back on several fronts, deploying an arsenal that . . .
Feinstein bill would stiffen penalties for slaughter facilities
processing downed animals.(Brief article)
Just before the current congressional recess began, Sen. Dianne
Feinstein (D-Calif.) introduced legislation that would shut down
slaughter facilities that repeatedly process downed animals of . . .
Lawmakers consider banning dairies from calling milk
"hormone-free".
Missouri and Kansas may be the newest battlegrounds in a national
fight between dairies that want to tell consumers their milk is
hormone-free and the hormone manufacturers, who worry such labeling . . .
USDA considers whether to keep identifying retailers where
tainted food has been shipped.
Under pressure from the food industry, USDA is considering a
proposal to not identify retailers where tainted meat was sent for sale
except in cases of serious health risk, the Associated Press . . .
UN expects 10 years of higher cost food.
From subsistence farmers eating rice in Ecuador to gourmets
feasting on escargot in France, consumers worldwide face rising food
prices in what analysts call a perfect storm of conditions. . . .
Tasty Baking Co. CFO David Marberger is to quit the U.S. baker to
take the top finance job at upmarket chocolate maker Godiva.(G
Tasty Baking Co. CFO David Marberger is to quit the U.S. baker to
take the top finance job at upmarket chocolate maker Godiva. Marberger
will leave Tasty Baking and become CFO and head of strategy . . .
Brown-Forman has confirmed a change of CFO next month.(GRAPEVINE:
News About People ...)
Brown-Forman has confirmed a change of CFO next month. The wine and
spirits company said late last week that Phoebe Wood, who also holds the
position of vice-chairman, will retire from the . . .
Cadbury Schweppes has appointed four new members to the board of
directors of Dr Pepper Snapple Group (DPSG), its U.S. beverages
Cadbury Schweppes has appointed four new members to the board of
directors of Dr Pepper Snapple Group (DPSG), its U.S. beverages
subsidiary, including the former Coca-Cola COO Jack Stahl. The . . .
Agropur.(BUSINESS BRIEFS ...)
Canada's largest dairy cooperative Agropur has acquired dairy
Laiterie Lamothe for an undisclosed sum. The dairy will join Agropur
Division Natrel and will expand the company's line of products . . .
Lance.(BUSINESS BRIEFS ...)
Snacks group Lance has bought privately-held Brent &
Sam's, a producer of branded and private-label gourmet cookies. The
purchase was funded with a draw under Lance's existing credit
facility. . . .
PepsiCo.(BUSINESS BRIEFS ...)
PepsiCo also announced that it is buying a 75.5% stake in Russian
fruit juice manufacturer Lebedyansky for $ 1.4 billion. Lebedyansky is
the sixth-biggest fruit juice maker in the world and number . . .
The Pepsi Bottling Group and PepsiCo.(BUSINESS BRIEFS
...)
The Pepsi Bottling Group and PepsiCo have signed a deal, through
their Russian joint venture PR Beverages, to acquire Sobol-Aqua in
Russia. The companies said that PR Beverages will take control . . .
UBS Bank.(BUSINESS BRIEFS ...)
UBS Bank named Brazilian meatpacking giant JBS as its top pick in
the food sector, the investment house said in a research report for its
clients. Dow Jones Newswires notes that earlier this month, . . .
Diageo has joined an environmental partnership in the United
States.(BUSINESS BRIEFS ...)(partnership between United States.
Env
Diageo has joined an environmental partnership in the United
States. The drinks giant's North American confirmed that it has
joined the SmartWay Transport Partnership, a voluntary . . .
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