Reuters — Tyson Foods disclosed on Monday it has received a subpoena from the U.S. Securities and Exchange Commission following allegations it conspired with rivals for years to fix chicken […] Read more
Tyson reveals subpoena linked to alleged price fixing
McDonald’s sales beat as all-day breakfast a hit
Reuters — McDonald’s Corp. reported better-than-expected quarterly same-restaurant sales as the launch of all-day breakfasts proved to be a hit with diners in the U.S. and demand continued to recover […] Read more
ConAgra to cut 1,500 jobs, shift base to Chicago from Omaha
Reuters — ConAgra Foods said it would cut about 1,500 jobs and move its headquarters to Chicago from Omaha as part of a plan to save at least US$300 million […] Read more
ConAgra Foods to exit struggling private label business
Reuters — ConAgra Foods, the maker of Slim Jim beef jerky and Chef Boyardee pasta, said it planned to exit its struggling private label foods business as it seeks to […] Read more
Kraft to combine with Heinz in deal led by 3G, Buffett
Reuters — Ketchup maker H.J. Heinz, owned by 3G Capital and Warren Buffett’s Berkshire Hathaway, is acquiring a majority stake in Kraft Foods Group to create the third-largest North American […] Read more
Cutrale-Safra wins takeover battle for fruit producer Chiquita
Sao Paulo | Reuters — Chiquita Brands International agreed on Monday to a US$682 million takeover by Brazilian juice maker Grupo Cutrale and investment firm Safra Group, with the U.S.-based […] Read more
Cyber-Savvy Farmer
