Imperial Sugar loss widens, shares fall to year-low
Imperial Sugar’s share price slumped to a 52-week low on Wednesday, after it reported a wider net loss in the fourth quarter and missed analyst expectations by $1.84.
Archives for January 11, 2012
Twinkies maker Hostess Brands files for bankruptcy
Wonder bread and Twinkies maker Hostess Brands has filed for Chapter 11 bankruptcy to allow it to restructure, but does not expect to stop producing or delivering any of its products during the process, the company said on Wednesday.
Jensen Farms auditor did not follow FDA processing guidance
Auditors who gave Jensen Farms a “superior” rating, only months before a lethal Listeria outbreak, largely ignored FDA antimicrobial guidance, a US government report has found.
Recession-induced comfort eating produces weight loss market boom
The US weight loss products industry is expected to grow 4.5% in 2012 to $65bn, as an increasingly overweight population looks to shift some of the extra pounds gained through recession comfort eating, according to market research organization Marketdata...
US juice trade association fights Brazilian fungicide fallout
The US Juice Products Association (JPA) has moved to allay consumer concerns that orange juice produced in the country is unsafe, after the Food and Drug Administration (FDA) said it was blocking some Brazilian imports found to contain the substance.
McCormick blazes culinary trail with 2012 flavor forecast
Novel flavor combinations from blueberry with cardamom and corn masa to grapefruit with red pepper could tantalize our taste buds in 2012 according to a new report from seasonings giant McCormick.