Archives for July 14, 2010

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Class action may follow FTC-Nestlé settlement

By Shane Starling

Nestlé was not dealt a financial penalty in its settlement this week with the Federal Trade Commission over immunity health claims being made for some of its probiotic products, but a class action is possible, says a food attorney.

GLG Life Tech finalizes Sugar Australia deal

By Caroline Scott-Thomas

Stevia supplier GLG Life Tech has signed a five-year deal with Sugar Australia for distribution and marketing of its stevia-derived sweeteners for the Australian and New Zealand food and beverage markets.

Food industry execs report recession rebound: Survey

The food and beverage industry is beginning to emerge from recession, with two-thirds of executives saying they are seeing better revenues and profits compared to the same period last year, according to a new survey.