The Coca-Cola Company will purchase a 16.7 percent equity stake in Monster Beverage Corporation, the second largest producer of energy drinks in the US, the company said Friday.
After consideration, Chiquita Brands International, Inc. confirmed Thursday it will decline the unsolicited cash offer it received from the Cutrale Group and the Safra Group to acquire all outstanding common stock of the company at $13 a share.
USDA’s Food Safety and Inspection Service (FSIS) launched new expedited tracing procedures that will allow the agency to trace contaminated ground beef back to its source more quickly, remove it from commerce and find the root cause of the incident.
Releasing genetically engineered fruit flies into the wild could be a cheap, effective and environmentally friendly way to control pests according to new research from scientists at the University of East Anglia (UEA) and Oxitec Ltd.
A Garden City, Kansas meat processing plant owned by Beef Products Inc. (BPI) will begin to collect beef trimmings next week and resume operations after controversy surrounding the company’s lean, finely textured beef product forced the facility to close in 2012.
The finance director of the Pennsylvania Liquor Control Board (PLCB) has proposed to raise the price of wine and liquor, upping the markup from 30 percent to 35 percent in response to increases in pension and health care expenses, according to an internal memo obtained by the Associated Press.
Favorable weather conditions in the nation’s agricultural states have yielded increasing amounts of corn and soybeans which are expected to reach record-breaking numbers in 2014.
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