Archives for February 10, 2012

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Q4 net profit soars 83% at Corn Products International

By Caroline Scott-Thomas

Net profit soared 83% at Corn Products International in the fourth quarter of 2011 on the back of higher sales, increased prices, and a one-off accounting gain, the company said Thursday.

USDA delays controversial E.coli law

By Carina Perkins

The USDA Food Safety Inspection Service (FSIS) has announced that it will delay the implementation of a controversial programme to test beef products for non-O157 Shiga toxin-producing E. coli (STEC).

IFF profits slump 56% on ‘unprecedented’ raw material costs

By Caroline Scott-Thomas

International Flavors and Fragrances (IFF) saw net profits slump 56% in the fourth quarter due to one-off costs and ongoing high raw material prices, but adjusted results were largely in line with analysts’ expectations.