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- BNET Author Biography
- Dan Mitchell has spent the past 20 years writing and editing for newspapers,magazines, and Web publications. Currently, he writes the What's Online columnfor the Saturday business section of the New York Times. He has also writtenfor the Chicago Tribune, the Minneapolis Star-Tribune, National Public Radio,Business 2.0, and Wired.
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- Chiquita and the Downside of Paying Terrorists
- Here's a lesson you probably won’t find in any management textbook: Don't hire thugs to terrorize your competitors. It's a good lesson whether or not the Cincinnati-based Chiquita Brands International is found to be complicit in the murders of five American missionaries in Colombia. The company is...
- Blog posts 2008-04-03
- How Should Grain Buyers React to USDA Crop Report?
- Commodities prices have so far responded pretty much as expected to the USDA's Prospective Plantings report, issued March 31. Corn prices are up, soybeans are way down. That's potentially bad news for meat processors such as Tyson Foods and companies such as Archer Daniels Midland that make...
- Blog posts 2008-03-31
- Big Drop in Kraft Chief's Total Pay
- Kraft Foods CEO Irene Rosenfeld's total compensation in 2007 was nearly 40 percent lower than in 2006 -- a far bigger drop proportionally than the declines of Kraft's profits and stock price. In 2007, the company reported this week, Rosenfeld took home a total of $11.3 million,...
- Blog posts 2008-03-28
- Higher Costs Forcing Changes at Pilgrim's Pride
- Pilgrim's Pride, the country’s largest chicken processor, has named Robert A. Wright, its sales and marketing chief, as its new chief operating officer and announced that it will reorganize its management structure so that each of its four division vice presidents will report to Wright. Wright is...
- Blog posts 2008-03-26
- Monsanto Eats Up Acceptance of GM Crops
- Last November, Monsanto said its gross profits might double by 2012. In an earnings-guidance update from the company on Tuesday, chief executive Hugh Grant said Monsanto is on track to do at least that well, and maybe better. "As we move closer to the Northern Hemisphere planting season, we've not...
- Blog posts 2008-03-25
- How General Mills Is Beating Rivals on Commodity Price Hikes
- I eat a heaping bowl of Cheerios just about every morning, so I bring home a box just about every week. Until lately, I've been faced with a problem â€" the box was so big I couldn’t fit it on the shelf of my cabinet. That has...
- Blog posts 2008-03-21
- Cadbury's Drinks-Business Spinoff Eludes Credit Monster
- It's been more than a year since Cadbury-Schweppes, under pressure from investors, said it would spin off its U.S. beverages business. But finally, it looks like it's actually going to happen: The spinoff, with the somewhat silly-sounding moniker Dr. Pepper Snapple Group, will begin trading on the New York Stock...
- Blog posts 2008-03-20
- Why Cott Can't Keep Up in Soft Drinks
- Theoretically, Cott Co., a maker of discount, store-brand soft drinks, should be doing well. As overall sales of soft drinks continue to drop due to rising prices, logic dictates that consumers should be flocking to lower-priced alternatives. But they aren't, and that spells trouble for Cott. ...
- Blog posts 2008-03-14
- Regulators May Have a Beef with JBS Deal
- Plans by JBS SA, a major global meatpacker based in Brazil, to spend about $1.2 billion in cash and stock to acquire two U.S. beef businesses are so audacious that they seem almost intent on drawing the close attention of federal regulators The deals are almost...
- Blog posts 2008-03-12
- Ethanol Economy Raises Food Prices... and Hackles
- Ethanol producers, which have been taking a lot of the blame for rising food prices â€" and rightly so â€" may have gone too far, boosting demand for corn so much that they have priced themselves out of their own market. Agribusiness giants such as Cargill and...
- Blog posts 2008-03-07
- Inflation + Slowdown = Pricing Dilemma for Food Makers
- As commodity costs have soared, analysts have been pleading with Kraft Foods to raise its retail prices. But the packaged-food giant has hesitated, worried that higher prices would send consumers scurrying to discount brands. Such is the dilemma created when inflation hits during an economic slowdown. ...
- Blog posts 2008-03-05
- A Closer Look at a Best-New-Foods List
- Food Processing's list of the Best New Products of October 2008 includes Oogies, a "healthy alternative" to other salty snacks. Of course, everything is relative. Oogies, a popcorn snack, uses "all natural ingredients," Food Processing enthuses. That list includes 100 percent corn oil, maltodextrin and corn syrup...
- Blog posts 2008-10-21
- Justice Department, States Sue to Block Beef Merger
- The Justice Department has joined 13 states in suing to block a merger that would make the world's largest beef processor much larger. JBS, of Brazil, wants to acquire National Beef Packing of Kansas City, Mo. For $560 million. National is the fourth-largest such operation in the...
- Blog posts 2008-10-20
- Archway Worker Sues over Abrupt Shutdown
- A lawsuit by an abruptly laid-off employee alleges that Archway Cookies LLC violated state and federal labor laws because the company gave no warning before shutting down operations earlier this month. The suit, by employee Jeffrey Austen, says the company, owned by the private-equity shop Catterton Partners,...
- Blog posts 2008-10-16
- Executive Says Heinz Will Do Just Fine in Recession
- H.J. Heinz's low-priced "comfort foods" will help the company weather the turbulent economy, according to Art Winkleblack Heinz's chief financial officer. "Remember, we're not selling cars or washing machines," he said during an investor conference on Tuesday. "We're selling one-, two-, three-dollar products. A lot of our...
- Blog posts 2008-10-14
- Kellogg Might Pay You a Paltry Sum for Your Ideas. Or Not.
- Kellogg has never scrimped on research and development. Its W.K. Kellogg Institute for Food and Nutrition Research is considered to be among the best research facilities in the corporate world. The company spent $179 million on R&D last year. But Kellogg can always use some new...
- Blog posts 2008-10-13
- Private-Equity-Owned Archway & Mothers Shuts Down
- In what may be a harbinger of things to come, the Archway & Mother's Cookie Co. abruptly declared bankruptcy and announced it would cease operations, taking down several storied brands, including Archway Oatmeal Cookies, Circus Animal Cookies, and Salerno Butter Cookies. The company is owned by Catterton...
- Blog posts 2008-10-09
- Monsanto Says Farmers Have Plenty of Access to Credit
- The credit squeeze isn't putting American farmers in any immediate danger, and despite volatile pricing, demand for crops should hold steady, executives from Monsanto said today as the company released its third-quarter results. Monsanto is the world's largest producer of cropseed. CEO Hugh Grant told analysts on...
- Blog posts 2008-10-08
- Landry's CEO Succumbs to Credit Realities
- The downturn is hitting the casual-restaurant sector more than most. Pretty much everything is going against them: customers avoiding them like the plague, rising costs, and no access to credit, which many of them need if they are to have any hope of competing. As I note over at The...
- Blog posts 2008-10-07
- Safeway Ekes Out a Decent Quarter
- Safeway in recent years has zigged where at least in retrospect it should have zagged. It tried going upscale, offering more and better fresh produce, and gourmet selections. In essence, it tried to be the middle-class-man's Whole Foods. Nobody could have known that the recession would...
- Blog posts 2008-10-07
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