  | December 22, 2010 | News for the food, beverage and consumer packaged goods industry |  |  |
- House approves food safety bill
The House passed a food safety bill 215-144, setting the stage for President Barack Obama to sign it into law. "This landmark legislation provides FDA with the resources and authorities the agency needs to help strengthen our nation's food safety system by making prevention the focus of our food safety strategies," said GMA President and CEO Pamela G. Bailey. Supermarket News (12/21) , The Washington Post (12/22)         | Create a winning social-media strategy
Relying on luck and good intentions when developing your social-media approach can leave you with ineffective initiatives. Get the data you need to formulate a savvy social-media strategy that produces measurable results. Check out the key takeaways from SmartBrief's State of Social Media for Business. |
 - Chiquita donates bananas to Houston Food Bank
The Houston Food Bank, which distributes 65 million pounds of food a year, will receive 17,000 pounds of fresh bananas from Chiquita Brands International. "All our employees are proud to share Chiquita's high-quality produce with people in need of nutritious food, especially during this season of giving," said Chiquita Chairman and CEO Fernando Aguirre. Progressive Grocer (12/21) - ConAgra plans more price increases
ConAgra Foods, which posted a lower-than-expected profit in its second quarter and cut its 2011 forecast for the second time, said it expects improvement from higher prices, increased productivity, new products and lower costs. The company has already raised some prices and is planning to increase more. "We are confident that the net effect of these pricing increases will be positive, despite some potential modest volume decline," CEO Gary Rodkin said. Reuters (12/21) , The New York Times (free registration)/The Associated Press (12/21) - Anheuser-Busch sells rice business to Bunge
The rice-milling business of Pacific International Rice Mills, a subsidiary of Anheuser-Busch, has been sold to Bunge North America, a food and feed-ingredient company. Pacific International Rice Mills sells rice products to grocery stores, wholesalers and brewers under such brand names as Fuji Mai, Daikoku Rice, Homai, California Brown Rice, Maruyu and Festive Sweet Rice. Food Business Review (12/20)  - Jolly holiday expected for dollar stores
Analysts predict a strong holiday season for dollar stores as shoppers who discovered them during the worst of the economic downturn remain loyal. "For the second year in a row, 95% of our trade-down customers are saying that, regardless of what happens to the economy, they're going to continue to shop with us," said Rick Dreiling, chairman and CEO of Dollar General Corp. The Wall Street Journal (12/21)  | Do People Trust Your Brand?
Business-to-Business companies increasingly recognize how critical building trusted online relationships has become to their financial success. Download this white paper to learn how companies can align trust, credibility, and privacy processes within their organizations to grow revenues and mitigate risk. |
 - PepsiCo mum on "X Factor" deal
PepsiCo is said to have signed a multiyear deal to sponsor "The X Factor," the new U.S. television talent show with Simon Cowell. PepsiCo has not commented on the reported deal, which would put it in competition with Coca-Cola's longtime sponsorship of "American Idol," the show that Cowell recently left. Just-Drinks.com (12/21)  | From hire to retire, Paychex provides the right payroll, HR and benefits services to meet your business goals. With over 35 years of experience, Paychex is recognized as a top national provider of business solutions, offering the personal attention and commitment you need to focus on key priorities. Get a free payroll quote and receive one FREE month of payroll processing! |
 | Retail Spotlight |  | | |
| Health & Wellness | | | | - Fatty acid in whole-fat dairy may reduce diabetes risk
Whole-fat dairy products contain trans-palmitoleic acid, which may improve "good" cholesterol and reduce the risk of type 2 diabetes, researchers said. Their study found that people who had the highest blood levels of this fatty acid reduced their chances of getting diabetes by 62% compared with those with the lowest levels. HealthDay News (12/20) | GMA News | | | |
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