Archives for February 16, 2009

← 2009

PCA files for bankruptcy as recall expands to Texas plant

By Caroline Scott-Thomas

The Peanut Corporation of America (PCA) has filed for chapter 7 bankruptcy, a month after peanut products from its Blakely, Georgia facility were first recalled due to salmonella contamination.

Changing the tune on GM

The GM debate at times seems much like the Hokey Cokey (or Pokey, if you’re US-based). There’s been a lot of putting in, some putting out, and quite a lot of shaking things all about, but as of yet, there hasn’t really been a turnaround and definitely no...

Food companies to focus on liquidity in 2009: Fitch

By Caroline Scott-Thomas

Food companies are expected to seek greater liquidity in 2009 as they are hit by unexpectedly volatile ingredient prices and lower consumer food spending, according to a report from Fitch Ratings.