On March 1, the Office of Management and Budget (OMB) reported the government’s plan to reduce the federal budget under the fiscal year (FY) 2013 sequestration required by the Balanced Budget and Emergency Deficit Control Act.
Giant U.S. food and grain-handling companies ConAgra Foods Inc, Cargill and CHS Inc plan to combine their North American flour milling businesses into a new venture.
Praxair, a US-based industrial gas supplier, has acquired beverage carbonation solutions provider NuCO2 for $1.1bn from private equity investment firm Aurora Capital Group.
France-based businessman and vineyard owner Jacky Lorenzetti has expanded his wine portfolio with the purchase of 50% stake in Chateau d’Issan, a 17-century property in the Margaux appellation, from The Cruse family.
The announcement coincides with Spanish discount retailer Grupo DIA entering the Top 100 of Global Retailers 2013, ranked No. 75 by Deloitte financial consulting, up from No. 131 in its previous study.
Net income for the Einstein Noah Restaurant Group, Inc. fell 4% to $12,741,000, equal to 75c per share on the common stock, in the year ended Jan. 1, down from $13,203,000, or 79c per share, in fiscal 2011.
With a new logo unveiled this week and restaurant revamps under way, the Wendy’s Co. predicts positive momentum from its brand transformation efforts during the coming year.
Trade barriers between the EU and Peru will be lifted as of 1 March 2013 said the EU Trade Commission, when an “ambitious and comprehensive trade agreement” will be applied.
Net income at The Wendy’s Co. fell in fiscal 2012 despite a sharp increase in the fourth quarter due in part to a larger tax benefit, the company said.
US-based Neogen has developed rapid lateral flow tests for the detection of gliadin (gluten) and sesame that provide accurate results within five minutes after extraction.
Land O'Lakes, a farmer-owned food and agricultural cooperative, has reported that its net earnings increased by 31% to $241m for the fiscal 2012, compared to $184m in 2011.