B&G Foods Inc announced today that it had acquired Rickland Orchards through a combination of cash and stock payment.
Hospitality/Food
USDA to shut down Foster Farms unless company has plan for salmonella outbreak
USDA said it would shut down Foster Farms unless the company would address the salmonella outbreak by Thursday.
Nestle plans to divest Jenny Craig - sources
Sources told Reuters that Nestle had plans to exit from its unprofitable businesses like Jenny Craig.
Yum Brands Inc warns delay in sales recovery in China
KFC parent company Yum Brands Inc said that the delay in sales recovery in China would take longer than expected, said Reuters.
High Liner Foods eyes more acquisitions to double profit
Canada-based High Liner Foods would be looking to acquire assets to increase its profit and be the largest frozen seafood company in North America.
Latest News
China Resources, a state backed conglomerate, had been studying its options including a possible sale for its Hong Kong meat distribution unit, said a report from Bloomberg News.
Starbuck Corp Chief Executive Officer Howard Schultz had urged fellow business leaders to push US political leaders to end the US partial shutdown, said a Reuters report.
Moody's Investors Services advised IOI Corp Bhd about the financial implications of its planned acquisition of a 39.55% stake in Unico-Desa Plantation Bhd.
Sources told Bloomberg that Darling International was closing in on a deal to buy Vion Ingredients, the meat rendering business of Vion Food Group Ltd.
The Al Habtoor Group would be investing USD 3 billion in a real estate development in Dubai. Al Habtoor Group said it would it would be launching a USD 3 billion real estate development in Dubai.
Addressing concerns as to the lack of progress in its bid to open shop in India, Wal-Mart said it is negotiating with Bharti for final details.
Australian Prime Minister Tony Abbott said his country would be more receptive now to foreign investment.
A Reuters report said Dubai made its plans public to become the center for Islamic business and sukuk issuance in the world.
On Friday, the New York bourse saw an increase in trading of Potbelly Corp's shares after its public listing launch.
