06-Dec-2011 - Developing markets are to make up almost half of revenues for Kraft’s global snacks business as the spin-off business announces Irene Rosenfeld as its head.
05-Dec-2011 - Cargill has said it will cut 2,000 employees from its global workforce over the next six months, citing a continued weak economy.
05-Dec-2011 - Kraft Foods has appointed the CEOs and chairmen of its future global snacks and North American grocery companies, following the company's split, scheduled to be completed by the end of 2012.
02-Dec-2011 - November was a month with several high-level executive appointments. FoodNavigator-USA brings you a photo gallery illustrating the latest big moves at major food ingredient and manufacturing firms.
01-Dec-2011 - Ralcorp has announced a $370m (€274m) loss in its fourth quarter earnings due to substantial non-cash impairment charges, details of which it has not yet disclosed.
30-Nov-2011 - GLG Life Tech has signed an exclusive five-year supply agreement with International Flavors and Fragrances (IFF) for its rebaudioside C (Reb C) stevia extract, the company has said.
28-Nov-2011 - Procter & Gamble has reaffirmed its commitment to complete the sale of global snack brand Pringles to Diamond Foods by June 2012, despite a sharp fall in Diamond’s share price last week.
25-Nov-2011 - The United States’ biggest farmer-owned cooperative CHS Inc. has signed an agreement to acquire soy protein company Solbar for $133m, sending share prices in the Israeli company soaring.
25-Nov-2011 - Tate & Lyle’s customers think it needs to step up a gear on innovation and increase its presence in emerging markets, chief executive Javed Ahmed has revealed.
25-Nov-2011 - Stevia supplier GLG Life Tech has denied that it failed to disclose certain information required under federal securities laws, after a New York-based national law firm announced it was investigating the company’s statements to shareholders.
23-Nov-2011 - DSM Nutritional Products has opened two new premix facilities in Latin America, as the company continues to expand globally.
23-Nov-2011 - Raise prices to offset cost inflation, and you can expect to take a volume hit. But if all your rivals are ratcheting up prices too, at least you’re all in the same boat, right?
22-Nov-2011 - Campbell Soup Company has reported a 5% drop in net earnings in the first quarter as soup demand continues to fall in the United States, although the company is beginning to see the first fruits of a turnaround program.
22-Nov-2011 - “I’m not sure I can give you a prediction on 2012 that will really mean anything”, responded Coca-Cola’s chief financial officer Gary Fayard when asked by an analyst for some ‘color’ on the 2012 outlook for commodity prices last month.
21-Nov-2011 - Heinz has unveiled a series of new products with lower entry price points to target households with incomes of less than $50,000-a-year.
17-Nov-2011 - “War games are about anticipating competitive moves before your rivals make them,” competitive intelligence guru Leonard Fuld tells Elaine Watson. Step one: know your enemy. Step two: prepare for battle …
16-Nov-2011 - BioExx has signaled a change in strategy after admitting its decision to manufacture its own canola proteins - rather than license its technology and let others make them – may not have been the right one.
16-Nov-2011 - Shares in PepsiCo have been climbing after influential investor Nelson Peltz revealed on Tuesday that his hedge fund Trian Management had bought 2.36m shares in the company, worth $150m or about 0.15% of its total value.
16-Nov-2011 - Kellogg Company has dropped threats of legal action against a Mayan cultural heritage group that uses a Toucan as its logo.
15-Nov-2011 - How do you find out what your arch rival is up to before it launches a new product so revolutionary it could kill off your business? And how fine is the line between legitimate competitive intelligence gathering and spying? Elaine Watson delves into the murky world of corporate espionage.
15-Nov-2011 - Stevia supplier GLG Life Tech saw sales plummet 92% in the third quarter, after end customers complained about aftertaste problems when formulating with the sweetener, the company said.
11-Nov-2011 - Cargill has embarked on a pan-European roll-out of its stevia-based sweetener Truvia after the European Commission finally issued the green light for the sale of steviol glycosides in Europe from November 11.
10-Nov-2011 - Bakery ingredients firm Puratos has announced that it will renovate and expand its manufacturing facility in Pennsauken, New Jersey to seize upon growing US sales.
10-Nov-2011 - PepsiCo has boosted its presence in Brazil via the acquisition of Mabel, a leading producer of cookies, crackers and snacks – for an undisclosed sum.
10-Nov-2011 - MGP Ingredients has reported a net loss of $5.5m in the first quarter, which the company said was a result of some of the same factors that hit the company in the previous quarter, including high corn costs.