US food industry welcomes Senate passage of food safety bill
Industry and consumer groups have welcomed the Senate passage of the Food Safety Modernization Act late on Sunday, after the bill had been stuck in legislative limbo for well over a year.
Archives for December 21, 2010
Sara Lee shares soar on JBS buyout rumors
Sara Lee Corp. stock soared close to a 52-week high on Monday on reports that it had turned down a buyout offer from Brazilian beef giant JBS.
Pilgrim’s Pride appoints new president and CEO
Poultry firm Pilgrim’s Pride has appointed William W. Lovette as president and CEO, succeeding Don Jackson, who is due to resign to take over the position of president and CEO at JBS USA, majority owner of Pilgrim’s.
Wheat prices likely to remain high over year ahead
Bakers may have to get used to higher wheat prices following the spike in mid-2010 as signs are that world production may not rebound as fast as it did after the 2007/08 peak.
Court sets Coca-Cola, PepsiCo infringement trial date
The Coca-Cola Company has been granted a preliminary trial date in June 2011 to challenge PepsiCo over its Trop50 juice packaging design, which Coca-Cola claims is too similar to that of its Simply juice range.
Sea salt variations may aid reformulation: Study
Certain sea salts with high salty flavour intensity or lower sodium content may be used to lower sodium levels in food formulations, according to new research.