Beef Products Inc., a maker of lean, finely textured beef, has filed a defamation lawsuit and is seeking $1.2 billion in damages from ABC News for allegedly making 200 false, misleading and defamatory statements about its products, the
PepsiCo President John Compton, who has worked for the company for more than 28 years, is leaving the publicly traded giant to run Pilot Flying J, a private company based in Tennessee that operates truck stops and restaurants with annual sales totaling $30 billion,
As the Northern California grocery retail market becomes more competitive, privately held Raley's is increasing online shopping options and expanding private label products to turn around sales, which declined about 8 percent in 2010 from 2008,
Tony Vernon, who will lead Kraft Foods Group when it officially launches as a separate entity Oct. 1 said he would focus on increased marketing, particularly advertising, to prevent the company's brand from being lumped with commodities,
Kroger reported net earnings of $279.1 million or 51 cents per share in the second quarter, compared with $280.1 million or 46 cents a share a year ago, while total sales rose 3.9 percent to $21.73 billion, Reuters said.