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ConAgra Foods Fourth-Quarter EPS Grows as Planned; Outlines New Strategic Direction; Plans to Exit Private Label

OMAHA, Neb.- ConAgra Foods, Inc., (NYSE: CAG) reported results for the fiscal 2015 fourth quarter ended May 31, 2015. Highlights: Diluted EPS from continuing operations of $0.47 per share as reported, vs. a loss of $(0.95) a year ago. After adjusting for items impacting comparability, diluted EPS of $0.59 this quarter was ahead of $0.55 […]

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Agriculture Secretary Vilsack Announces Available Funding and Changes to USDA’s Biorefinery and Biobased Product Program

WASHINGTON, – Agriculture Secretary Tom Vilsack today announced that USDA is accepting applications for funding under a program that supports the production of advanced biofuels, renewable chemicals, and biobased product manufacturing. “This critical financing will enhance our efforts to build a robust, rural bioeconomy by helping to expand the availability of biobased products and to […]

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USDA and NASA Expand Innovative Partnership to Better Predict Wildfires, Monitor Drought from Space

MOFFETT FIELD, California, —Agriculture Deputy Secretary Krysta Harden and NASA Deputy Administrator Dava Newman today announced an expanded partnership between the United States Department of Agriculture (USDA) and the National Aeronautics and Space Administration (NASA) designed to better protect America’s working lands, predict and prevent natural disasters, and inspire young people to pursue careers in […]

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General Mills Unveils New Product Innovation – Consumer Interests in Key Trends Including Wellness and Convenience

MINNEAPOLIS, Minn. – General Mills today unveiled its line-up of new products set debut this summer. Leading this collection is a host of new products to align with growing consumer interest in wellness, including new Yoplait Plenti, Nature Valley Toasted Oats Muesli, and Annie’s organic soups. The company’s broad portfolio of new products can be […]

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Kraft Foods Group Shareholders Approve Merger Transaction with H.J. Heinz Holding Corporation and its Subsidiaries

PITTSBURGH and NORTHFIELD, Ill. – July 1, 2015 – Kraft Foods Group, Inc. (NASDAQ:KRFT) shareholders today voted to approve the previously announced merger agreement providing for the creation of The Kraft Heinz Company. In a preliminary count of the voting results, more than 98 percent of votes cast at the special meeting voted in favor […]

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The Coca-Cola Company and Monster Beverage Corporation Close on Previously Announced Strategic Partnership

ATLANTA and CORONA, CA., – The Coca-Cola Company (NYSE: KO) and Monster Beverage Corporation (NASDAQ: MNST) announced today the closing of the previously announced strategic partnership related to an equity investment, business transfers and expanded distribution in the global energy drink category. As a result of the transaction, The Coca-Cola Company now owns an approximate […]

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USDA Seeks Partner Proposals to Protect and Restore Critical Wetlands

WASHINGTON, – Agriculture Secretary Tom Vilsack today announced the availability of $17.5 million in financial and technical assistance to help eligible conservation partners voluntarily protect, restore and enhance critical wetlands on private and tribal agricultural lands. “USDA has leveraged partnerships to accomplish a great deal on America’s wetlands over the past two decades, Vilsack said. […]

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Smithfield Foods’ Hog Production Division and Tyton BioEnergy Systems Announce Research Partnership

SMITHFIELD, Va., June 22, 2015 – Smithfield Foods’ Hog Production Division, Murphy-Brown, LLC, and Tyton BioEnergy Systems announced today a research partnership to develop new applications for Tyton’s dedicated, non-smoking tobacco crop and the resulting soil amendment, filtration, and feed products within Smithfield’s hog production processes. The companies are pursuing mutual goals of protecting the […]

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Tyson Foods announces Approval of Sale of Tyson de Mexico, Transformational Brands and Growth Recipe

SPRINGDALE, Ark., — Mexico’s Federal Economic Competition Commission has approved the sale of Tyson Foods, Inc.’s (NYSE:TSN) poultry business in Mexico to Pilgrim’s Pride, which is part of a wholly-owned subsidiary of JBS SA (BM&FBovespa – Novo Mercado:JBSS3) (OTCQX:JBSAY). The commission, which has been reviewing the transaction, recently voted to permit the deal to proceed. […]

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ADM Expands Specialty Ingredient Footprint with Acquisition of California Processing Facility

CHICAGO, —Archer Daniels Midland Company (NYSE: ADM) announced today that it has acquired tree nut and seed processing assets and operations in Modesto, California, from California Gold Almonds, adding critical processing capacity on top of ADM’s existing West Coast nut operations in Lodi and Stockton. Under the terms of the deal, ADM is acquiring the […]

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