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Anheuser-Busch to Acquire Four Peaks Brewing Company to Expand Its Craft Beer Portfolio

Dec 24, 2015

Belgium brewer Anheuser-Busch will acquire Arizona-based craft brewer Four Peaks Brewing Company, in an effort to expand its portfolio of craft breweries. Following the acquisition, Four Peaks brewery will continue to brew all of its ...

Tags: Anheuser-Busch, beers, Food

Royal DSM, UNWTF Extend Partnership to Tackle Worldwide Malnutrition

Dec 24, 2015

Dutch nutrition company Royal DSM and United Nations World Food Programme (WFP) have entered into an agreement to prolong their partnership for three years in tackling hunger and malnutrition in developing nations. The partnership intends ...

Tags: Royal DSM, United Nations World Food Programme, Food

Panasonic Acquires Refrigerated, Freezer Display Case Manufacturer Hussmann

Dec 24, 2015

Panasonic Corporation has acquired Hussmann Corporation, a Missouri-based manufacturer of refrigerated display cases and systems. Panasonic has signed an agreement with Hussmann Parent Inc., the Delaware-based parent of Hussmann, and ...

Tags: Panasonic Corporation, Hussmann Corporation

Nestle Plans to Launch More Variants of Maggi Noodles in India

Dec 24, 2015

Nestle India is planning to launch more variants of Maggi Noodles such as oat noodles and cup noodles in the next three-four months time. Nestle India CMD Suresh Narayanan was quoted by the Economic Times as saying: "We will launch other ...

Tags: Nestle India, Maggi Noodles, Food

Blumberg Grain Opens Command and Control Center for Egypt's Food Security Programs

Dec 24, 2015

Blumberg Grain, a US-based food security company, opened its command and control center, as part of the government of Egypt's Shouna Development Project. The launch, which was attended by VIP guests and dignitaries, took place onsite at ...

Tags: Blumberg Grain, a US-based food security company, Agriculture

Mars Chocolate Recalls Dove Chocolate Product Over Undeclared Allergens

Dec 24, 2015

Mars Chocolate North America has issued a voluntary recall of its Dove Chocolate Assortment Snowflakes, 24.0 oz. bag, a seasonal product from across the US stores, due to the presence of undeclared allergens. Around 6,700 cases of the ...

Tags: Mars Chocolate, Dove Chocolate, Food

Krispy Kreme Doughnuts to Open 16 Stores in Panama

Dec 24, 2015

Krispy Kreme Doughnuts has signed a development agreement with Barcenas Group International Inc., to bring 16 Krispy Kreme Doughnuts shops to Panama over the next five years. "This agreement marks our company's second partner in Central ...

Tags: Krispy Kreme Doughnuts, Barcenas Group, Food

Dairy Crest Takes Complete Ownership of Promovita Ingredients

Dec 24, 2015

UK-based dairy processing company Dairy Crest has acquired the remaining 50% shares in Promovita Ingredients Limited held by Fayrefield Foods Limited for £6m cash. Promovita was established as 50:50 joint venture between Dairy Crest ...

Tags: Dairy Crest, Promovita, Agriculture

Google and Ford to Set up New Company to Build Autonomous Cars

Dec 24, 2015

Two self driving car makers, Google and Ford are teaming up to create an independent company to build autonomous vehicles. The companies have not made an official announcement yet, as they are expected to unveil the plan at CES show in ...

Tags: Google, Ford, autonomous vehicles, Auto

Chinese Airline Buys Over 100 Jets From Boeing

Dec 22, 2015

China Southern Airlines is buying more than 100 Boeing-737 jets in a deal worth about 10 billion US dollars. The airline and its Xiamen Airlines unit will buy 30 737-Next Generation jets and 80 737-Max aircraft. The order comes after ...

Tags: Chinese Airline, Jets, Boeing

Sinopec Acquires 10 Pct Share of Russia's Sibur

Dec 22, 2015

China's largest oil refiner Sinopec has completed a deal to acquire a 10 percent share of Russia's largest gas processing company Sibur. Under the deal, Sinopec will have the right to nominate a representative to Sibur's board of ...

Tags: Sinopec, Russia's Sibur

Chery 1st Chinese Automaker to Produce 5 Mln Cars

Dec 22, 2015

Chery Automobile has become the first Chinese automaker to have produced five million cars. The five millionth, Chery's best-selling model Arrizo5, rolling off a production line on Friday capped a good year for the company in defiance of ...

Tags: Chery, 5 Mln Cars

British Marks & Spencer Opens First Store in Beijing

Dec 22, 2015

British clothing and food retailer Marks & Spencer has opened its first store in Beijing, located in the CBD area. Costas Antimissaris, International Director of the retailer, says their strategy is to focus on big cities. "Our strategy ...

Tags: Marks&Spencer, food retailer, clothing

China Vanke Suspends Trading After Chair Opposes Shareholder's Leveraged Buying

Dec 22, 2015

China Vanke Co. Ltd unexpectedly suspended trading on Friday afternoon, saying that it's planning to issue new shares for capital restructuring and assets acquisition, according to a statement on the Shenzhen Stock Exchange. The statement ...

Tags: Vanke, trading

Wanda to Build 3.5-Bln-Yuan Shopping Complex in Xinjiang

Dec 22, 2015

Wanda Group will build a shopping complex in downtown Urumqi, capital of west China's Xinjiang Uygur Autonomous Region, it announced on Friday. The shopping complex, with an investment of 3.5 billion yuan (540 million U.S. dollars), will ...

Tags: Wanda, Shopping Complex