Corporate Operations: Page 324
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Tesco chairman steps down as profit plummets 92%
The grocer says a recent accounting scandal - and just about everything else - was worse than previously expected.
By Paul Conley • Oct. 23, 2014 -
Mead Johnson invests $35M in Indiana facility
The plant in Evansville, IN, is getting a makeover.
By David Oliver • Oct. 22, 2014 -
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 -
Chiquita shareholders receive opposing advice on Fyffes merger vote
Shareholder advisory services are split over whether the merger represents a better deal than the takeover offer from Brazilian investment groups.
By Paul Conley • Oct. 22, 2014 -
USDA
Canada threatens retaliatory action on American imports
Canada may impose import restrictions on American cheese, cereals, ketchup, and more if the U.S. doesn't comply with a new COOL ruling.
By Paul Conley • Oct. 22, 2014 -
USDA
Judge rules Cargill can't block ex-worker from joining competitor
The agribusiness giant argued that trade secrets from its meat division were at stake.
By Paul Conley • Oct. 22, 2014 -
Mars to build research facility, add jobs in Mississippi
The facility will be constructed next to an existing plant in Greenville, MS, that makes Uncle Ben's rice and other foods.
By Paul Conley • Oct. 22, 2014 -
Heineken blames European weather for sales drop
The brewer's volume sales fell far below analysts' expectations.
By Paul Conley • Oct. 22, 2014 -
Coca-Cola announces $3 billion cost-cutting plan
The soft-drink giant's third-quarter earnings fell short of expectations, and the company pulled back on its long-term profit targets.
By Paul Conley • Oct. 21, 2014 -
Syngenta lawsuit against Bunge revived by appeals court
At issue is the grain trader's 2011 decision to not accept GMO corn grown with Syngenta seeds.
By Paul Conley • Oct. 21, 2014 -
Cargill-Bioserve sugar warehouse in Brazil destroyed by fire
An estimated 50,000 metric tons of sugar was lost in the blaze.
By Paul Conley • Oct. 21, 2014 -
Investigation finds Tesco staffers 'misled' auditors
An internal investigation by the grocery chain uncovered deliberate manipulation of numbers by a small group of workers.
By Paul Conley • Oct. 20, 2014 -
Alpina Foods lays off 32 as New York honors yogurt business
The job cuts at the plant were announced on the same day that New York State designated yogurt as its official state snack.
By Paul Conley • Oct. 20, 2014 -
Speculation builds around Bill Gates' interest in Vidalia onion farmland
Lots of land has changed hands recently, and the paper trail seems to point toward the Microsoft founder.
By Paul Conley • Oct. 20, 2014 -
Danone dampens speculation of Mead Johnson buy
The company issued a statement following a news report that it would pursue the maker of infant formula.
By Paul Conley • Oct. 20, 2014 -
USDA
Chiquita rejects Cutrale-Safra offer, will move forward with Fyffes
Chiquita said a sweetened offer from the Brazilian investor groups was "inadequate."
By Paul Conley • Oct. 17, 2014 -
North American cocoa processing hits record
A surge in cocoa grindings comes despite soaring prices for the beans.
By Paul Conley • Oct. 17, 2014 -
Remy Cointreau sales take another plunge
The cognac maker continues to struggle with a dramatic drop in its China business.
By Paul Conley • Oct. 17, 2014 -
Gay Lea Foods buys Hewitt's Dairy
The purchase is the latest in a series of deals involving Canadian milk producers.
By Paul Conley • Oct. 17, 2014 -
Wal-Mart cuts forecast, backs away from big-box stores
The world's largest retailer said it will cut the number of new superstores opening in the next fiscal year in half.
By Paul Conley • Oct. 16, 2014 -
Cocoa industry donates $600K to Ebola prevention
Fears surrounding the disease have pushed cocoa prices to their highest levels in three and a half years.
By Paul Conley • Oct. 16, 2014 -
Ingredion buys Penford in $340M deal
The deal moves Ingredion, a maker of high-fructose corn syrup, into an all-new potato starches market.
By Paul Conley • Oct. 16, 2014 -
Retrieved from Nestle on February 11, 2014
Nestle says sales are slowing
The company missed expectations in the most recent quarter, and shares fell hard in early trading.
By Paul Conley • Oct. 16, 2014 -
Diageo sales drop on poor North American performance
Sales in China also fell in the quarter, but the rate of decline is slowing.
By Paul Conley • Oct. 16, 2014 -
Supreme Court upholds California ban on foie gras
The Supreme Court's refusal to hear arguments in the case comes as a blow to producers.
By Paul Conley • Oct. 15, 2014 -
POM Wonderful returns to TV advertising
The new campaign isn't as controversial as the brand's last, which attracted the ire of the FDA.
By Paul Conley • Oct. 15, 2014
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