Archives for February 16, 2009

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Food companies to focus on liquidity in 2009: Fitch

By Caroline Scott-Thomas

Food companies are expected to seek greater liquidity in 2009 as they are hit by unexpectedly volatile ingredient prices and lower consumer food spending, according to a report from Fitch Ratings.

Changing the tune on GM

The GM debate at times seems much like the Hokey Cokey (or Pokey, if you’re US-based). There’s been a lot of putting in, some putting out, and quite a lot of shaking things all about, but as of yet, there hasn’t really been a turnaround and definitely no...

PCA files for bankruptcy as recall expands to Texas plant

By Caroline Scott-Thomas

The Peanut Corporation of America (PCA) has filed for chapter 7 bankruptcy, a month after peanut products from its Blakely, Georgia facility were first recalled due to salmonella contamination.