Eleven of the countrys biggest food and drink companies pledged to adopt new rules limiting advertising to children under the age of 12 just hours ahead of a Federal Trade Commission hearing in mid-July on the same subject.
Sara Lee Corp. in late January unveiled plans for
"The Kitchens of Sara Lee," a multi-million dollar research and development campus to be located adjacent to the companys year-old corporate headquarters in Downers Grove, Ill.
Following a year or more of speculation, Altria Group Inc., the New York-based holding company that owns both Kraft Foods Inc. and cigarette-maker Philip Morris, said it would spin off its 89 percent stake in Kraft to its shareholders on March 30.
Over the past 20 years, the diets of American adults have become more consistent with most dietary recommendations for heart disease prevention -- but the trend may not be continuing, research suggests.
A bankruptcy court judge approved the $24.8 million sale of most of the firms assets to Jays Acquisition Inc., believed to be pretzel-maker Snyders of Hanover Inc., as part of Jays Foods Chapter 11 bankruptcy proceedings.
Italy-based pasta maker Barilla Holding was No. 1, Kraft was the only U.S. firm to make the top 10 and a handful of international food firms were among the top scorers in the Reputation Institutes annual ranking of corporate reputations.
Swift & Company reported that Wesley Mendonça Batista will become Swift & Companys president, CEO and a director immediately following the completion of its previously announced sale to J&F Participações S.A.