Rumors are of a large-scale reduction of space at its headquarters or a move to Chicago for Downers Grove, Ill.-based Sara Lee Corp., reports the Chicago Tribune ...
Making Forbes' list of the World's Most Powerful Women are PepsiCo CEO Indra Nooyi (No. 4), Kraft CEO Irene Rosenfeld (No. 10), Archer Daniels Midland CEO Patricia Woertz (No. 45) and Campbell CEO Denise Morrison (No. 80). FDA Commissioner Margaret Hamburg came in at 21 ...
Walgreen is introducing Nice! a store brand for more than 400 food and paper products that has been in development for two years. "We want to treat it like a national brand, like the Krafts of the world do with their brands," said Maurice Alkemade, who created Nice! and set a goal of making it a billion-dollar-a-year brand, reports the Chicago Tribune ...
The Milk Processor Education Program announced that flavored-milk cartons now will have fewer than 150 calories, which is about 30 calories more than white-milk cartons, and 22 grams of sugar, reports Reuters. "It's a happy balance between some added sugars but making sure that the kids actually drink the milk as opposed to taking the white milk on the lunch line and not in fact drinking it," said MilkPEP CEO Vivien Godfrey ...
The USDA has blocked a New York City plan to forbid the use of food stamps to purchase sweetened drinks including soft drinks, reports The New York Times. City officials had proposed the two-year program as an anti-obesity effort, but a USDA official said determining which beverages could be purchased with food stamps and gauging the results of the experiment would be difficult ...
General Mills was named to Forbes magazine's "The World's Most Innovative Companies" list (Aug. 8 issue). General Mills ranked 31st out of 100 companies on the global list. "We're proud to stand among the most innovative companies in the world and value this honor as a reflection of our employees' commitment to driving innovation in every aspect of our business," said Peter Erickson, senior vice president of innovation, technology and quality at General Mills. "Over the past six years, we have challenged ourselves to reinvent our approach to innovation with a goal of delivering bigger and more profitable innovation to the marketplace." ...
Americans consumed about 2.7- ounces of added sugar daily in 2007 and 2008, a decrease from 3.5 ounces in 1999 and 2000, according to a study in The American Journal of Clinical Nutrition, reports Reuters ...
The USDA said food costs will increase from 2.5 percent to 3.5 percent in 2012, and they are set to exceed predictions this year, reports Bloomberg ...
Gilt Groupe Inc., the innovative lifestyle company launched its culinary site, Gilt Taste, www.gilttaste.com. It will offer foods, products and ingredients previously only available to chefs, recipes and food stories. Formerly Editor-in-Chief of Gourmet, Ruth Reichl will oversee editorial direction and actively advise on the assortment of artisanal products ...
Anheuser-Busch InBev is asking ad agencies to submit ideas for its Bud Light brand. "It's too early to predict where this will lead, but we are firmly committed to making sure our brands are always supported by the best people and ideas," said marketing vice president Paul Chibe, reports AdAge ...
Basketball legend Michael Jordan will make another try at restaurant success in Chicago with the opening of Michael Jordan's Steak House Chicago, located in the InterContinental Chicago hotel on Michigan Ave ...
According to The Wall Street Journal, Wrigley is considering the sale of the Wrigley Building. Wrigley has operated its headquarters in the stately Michigan Avenue building since the 1920s. Designed by the architectural firm of Graham, Anderson, Probst & White, and patterned after the Giralda Tower in Seville, Spain, it is one of Chicago's best known buildings.
