Archives for May 4, 2011

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FDA issues first food safety regulations under new law

By Caroline Scott-Thomas

The Food and Drug Administration has issued its first regulations under the Food Safety Modernization Act – providing stricter control of food imports and giving FDA authority to detain potentially unsafe food.

Ralcorp rejects ConAgra’s $4.9bn takeover bid

By Caroline Scott-Thomas

Ralcorp’s board of directors has unanimously rejected ConAgra’s $4.9bn takeover bid, saying that it is not in shareholders’ best interests and that the board is committed to Ralcorp’s independence.

Callebaut expands supply deal with Hershey

By Jane Byrne

Reflecting the continuing industry trend toward outsourcing, Barry Callebaut said a new supply deal it has agreed with Hershey will put its annual deliveries beyond the current 80,000 metric tonnes.