Soda Sales Fizzled in 2011
Total sales volume of soda fell about 1% in 2011, about the same level it was in 1996, as energy drinks failed to offset weakness in traditional sodas, according to a beverage industry report.
Tyco's Flow Control Unit Merges with Pentair in $4.5B Deal
Swiss-based Tyco International is merging its flow control business with Pentair in an all-stock deal valued at about $4.53 billion.
Tyson Says 'Pink Slime' Fight Hurting Beef Demand
The controversy over a common ground beef filler dubbed "pink slime" by critics has hurt short-term beef demand, a Tyson Foods executive said.
Smucker Enters Chinese Market With $35M Stake in Oatmeal Maker
Marking its first entry into China, J.M. Smucker acquired a minority stake in privately-owned oatmeal maker Guilin Seamild Biologic Technology Development for $35 million.
Exxon Valdez Oil Tanker to be Sold in Pieces
The ship responsible for the second largest oil spill in U.S. waters behind BP’s Deepwater Horizon, is being sold to a company that will most likely rip it a part and sell it in pieces.
Darden's 4Q Net Jumps 8.5% as Olive Garden Stabilizes
Lifted by signs of life at its struggling Olive Garden restaurants and warm weather, Darden Restaurants narrowly beat the Street on Friday with an 8.5% jump in fiscal third-quarter net income.
Caterpillar Spends $20M to Expand Facility, Create 80 Jobs
Construction equipment giant Caterpillar will invest some $20 million to triple the size of one of its manufacturing plants in South Carolina and create as many as 80 jobs.
Caterpillar to Invest $20M in South Carolina Plant
The world's largest heavy machinery maker unveiled a $20 million expansion plan for its manufacturing facility in Sumter, S.C., which would add 170,000 square feet and 80 new jobs.
Goodrich Shareholders Approve Sale to United Technologies
Goodrich shareholders on Tuesday approved the company's $16.5 billion sale to United Technologies.
Pepsi Shakes Up Management Structure
PepsiCo on Monday revealed plans to create a new job of president and bring back a former executive to run its food division.
3M's Quarterly Sales Fall 5.5%
3M, the maker of Scotch tape and Post-it notes, reported a 5.5 percent decline in fourth-quarter net sales, hurt by a global economic slowdown.
AB-InBev on Shortlist for China Brewery Deal
Tthe world's biggest brewer and two Chinese brewers are reportedly on the shortlist to buy most of the operations being sold by China's Kingway Brewery Holdings.
Farmers to Plant 95.9M Acres of Corn
The latest government report shows farmers will plant the most corn in 75 years to cash in on higher prices.
Smith & Wesson Slumps 5% as Stricter Gun Laws Loom
Shares of firearm maker Smith & Wesson tumbled as politicians begin to call for tighter gun control legislation in the wake of last week’s massacre that left 28 dead.
Freeport-McMoRan Shells Out $9B for Plains Exploration, McMoRan Exploration
Freeport-McMoRan Copper & Gold sealed a pair of big deals to acquire full control of Plains Exploration and McMoRan Exploration for a combined $9 billion.
ADM Lifts Bid for GrainCorp to $2.9B
Archer Daniels Midland sweetened its bid for Australia’s GrainCorp by 3.4% to $2.9 billion.
Cal-Maine 2Q Earnings Miss Expectations, Shares Fall
Cal-Maine posted weak second-quarter earnings and said it expects feed costs to remain high and volatile through the remainder of the fiscal year.
DuPont Unleashes $1B Buyback Plan, Lifts Outlook
In the face of the fiscal cliff and slow growth, chemical giant DuPont unveiled a $1 billion share buyback program and issued a cautiously optimistic outlook for the full year.
Deal Reached to Avert East Coast Port Strike
The Intentional Longshoremen's Association and port employers reached a temporary deal averting a strike that threatened to shut East Coast ports.
Smith & Wesson Blows Through Buyback Plan, Adds $15M
In a show of confidence despite uncertainty caused by the Sandy Hook massacre, Smith & Wesson bolstered its stock buyback plan.










