According to a white paper published by the Institute of Food Technologists entitled "Food Research: Call to Action on Funding and Priorities," public spending on foundational research for both agriculture and food in the U.S. has been slowly trending downward since 2006 or so, while private R&D spending has seen a small increase.

Pacific Foods will become part of Campbell’s Americas Simple Meals and Beverages division.

Campbell Soup Company will invest $10 million in Chef’d, an online meal store.

Sara Lee Corp. announced an agreement to sell its fresh bakery businesses in Spain and Portugal to Mexico’s Grupo Bimbo S.A.B. de C.V. for approximately $154 million. The agreement includes all Sara Lee fresh bakery brands in Spain and Portugal as well as seven manufacturing facilities.