Corporate Operations: Page 292
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Cargill shuttering PA plant, cutting 130 jobs
Cutting jobs and centralizing positions are meant to help offer new products and boost production, according to the company.
By David Oliver • Oct. 29, 2015 -
Bunge: Q3 revenue drops 21%
Bunge is yet another agriculture company dealing with lower commodity prices and decreased demand.
By David Oliver • Oct. 29, 2015 -
Trendline
Mergers and acquisitions
Declining sales and slowing consumption have more companies divesting brands, opening the door for smaller players and private equity firms to expand their portfolios.
By Food Dive staff -
Retrieved from PepsiCo on May 06, 2013
PepsiCo launches unbranded Mtn Dew pre-roll featuring NBA star Russell Westbrook
A PepsiCo exec recently denounced pre-roll ads but told Ad Age this pre-roll is different, as it aims to be "commercial content that is at least as exciting and amazing as the non-commercial content."
By Carolyn Heneghan • Oct. 28, 2015 -
J&J Snack Foods ordered to pay $2.1M in back wages
The company had withheld earned wages for overtime and also did not pay minimum wage to some of its temporary workers, according to the U.S. Department of Labor.
By Carolyn Heneghan • Oct. 28, 2015 -
B&G Foods CEO: More acquisitions on the horizon
While the company is still completing its acquisition of Green Giant, B&G is already talking about pursuing more acquisitions in the near future.
By Carolyn Heneghan • Oct. 28, 2015 -
General Mills suffers legal setback in age discrimination case
A federal judge in Minnesota dealt a blow to the cereal giant by allowing the workers the right to be heard in court.
By Tom Starner • Oct. 28, 2015 -
Mondelez posts better-than-expected Q3 profit amid cost cuts, coffee deal
Its profit received an approximately $7.12 billion boost from Mondelez's coffee business divestitures.
By David Oliver • Oct. 28, 2015 -
Hershey: Earnings fall 31%, sales forecast lowered
The company attributed its sales woes to shifts in consumer preferences and retailers limiting their marketing on its products.
By Carolyn Heneghan • Oct. 28, 2015 -
Bob Nichols. (2013). "20130822-OC-RBN-2946" [photograph]. Retrieved from Flickr.
Mercy for Animals calls out Tyson Foods' chicken slaughterhouse practices
Tyson Foods has already fired two of the workers seen on camera.
By Carolyn Heneghan • Oct. 28, 2015 -
Snyder's-Lance to buy Diamond Foods for $1.91B
The acquisition agreement follows a report that Kellogg was in talks to purchase the company.
By David Oliver • Oct. 28, 2015 -
SABMiller, AB InBev receive deadline extension to finalize takeover bid
The companies already received a two-week deadline extension.
By Carolyn Heneghan • Oct. 28, 2015 -
Campbell Soup CEO: Being an iconic food company 'a blessing and a curse'
In a Fortune piece, CEO Denise Morrison outlined the challenges facing iconic food companies like Campbell today, including evolving consumer preferences and industry pressures to adapt quickly to change.
By Carolyn Heneghan • Oct. 28, 2015 -
Monsanto to cut 90 jobs, close 3 R&D facilities
These cuts come following a restructuring and cost-cutting announcement earlier this month.
By Carolyn Heneghan • Oct. 27, 2015 -
Smucker expands plant to increase Uncrustables capacity
The product has only a 6% household penetration, but volumes have grown in the double-digits for 14 consecutive quarters.
By Carolyn Heneghan • Oct. 27, 2015 -
M&A not slowing down despite global economy: survey
According to a survey, 59% of global companies are anticipating a deal over the next year.
By David Oliver • Oct. 26, 2015 -
Deep Dive
By the numbers: A dive into food, beverage manufacturing wages
The average hourly wage for food manufacturing workers rose $0.75 in the year leading up to September 2015 based on preliminary results, but that rate is still lower than much of the manufacturing sector.
By Carolyn Heneghan • Oct. 26, 2015 -
Monsanto receives USDA approval for new GMO corn
The company is still waiting on EPA and FDA reviews.
By Carolyn Heneghan • Oct. 26, 2015 -
Rumors of $1B merger with Kellogg send Diamond stock surging
The New York Post reported late-stage talks between the companies regarding an acqusition.
By David Oliver • Oct. 23, 2015 -
ConAgra in talks to sell Ralcorp to TreeHouse: Reuters
The deal could fall through, Reuters' sources say. ConAgra announcing the planned divestment in June.
By Carolyn Heneghan • Oct. 23, 2015 -
Nestle requests bumped up security for upcoming trial: Bloomberg
The company has had issues in the past with people who "take advantage of the opportunity of the hearing to create trouble," Nestle's lawyer said in a letter to the judge.
By Carolyn Heneghan • Oct. 23, 2015 -
Hormel promotes Snee to COO, president
Jim Snee will replace CEO Jeff Ettinger as president effective Oct. 26.
By Carolyn Heneghan • Oct. 23, 2015 -
ADM adds to specialty proteins department
This new addition is Superb, a soybean-made functional ingredient.
By David Oliver • Oct. 22, 2015 -
General Mills makes VC play to invest in food startups
The company's 301 Inc. is shifting strategy from developing brands in-house to putting money in startups.
By David Oliver • Oct. 22, 2015 -
Deep Dive
Food fight: Coca-Cola vs. PepsiCo
This new occasional series will examine competing companies to show areas of strength and weakness.
By David Oliver • Oct. 22, 2015 -
Pernod Ricard reports sales growth across the board
This could be worrisome for spirits giant Diageo, which has seen falling volumes in the U.S.
By Carolyn Heneghan • Oct. 22, 2015