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Pepsico (PEP)

International Dairy and Juice Limited, a joint venture between PepsiCo and Almarai Company Limited, announced that it has acquired Egypt's International Company for Agro-Industrial Projects (Beyti), a producer of high-quality dairy and juice products.
International Dairy acquired the 100% stake in Beyti from Almarai, which acquired it in October 2009 and transferred it to the joint venture at cost. Financial terms of the transaction were not disclosed.

Jan 1 · 3:47:00 PM · Source: Reuters
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by Michael Oliveto

Pepsico (PEP)

Suntory Holdings Ltd. plans to sell beverages in China through a distribution alliance with PepsiCo Suntory spokeswoman Aya Takemoto said.
The companies plan to sign a contract next month to allow two Suntory dairy products to be distributed through regional PepsiCo-affiliated sales companies, she said. Suntory aims to increase Chinese beverage sales fivefold to 20 billion yen ($219 million) in 2012 from 2009 through the alliance with PepisCo.

Jan 1 · 3:44:00 PM · Source: Bloomberg
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by Michael Oliveto

Walmart (WMT)

The daughter of the 85-year-old Columbia, LA woman killed by a falling display rack at the Walmart Supercenter Store in West Monroe, LA has filed a lawsuit against the nation's leading retailer.
Christine Walker Partin of Bossier Parish has filed a petition for damages against Walmart and Walmart Louisiana after a store fixture with holiday towels fell on Margie Collins Walker Davis on November 20. Davis had emergency surgery at St. Francis Medical Center that day and died the following day. The lawsuit states her injuries included multiple brain hemorrhages; a large subdural hematoma; swelling and bruising around her right eye; and linear fracture of the left parietal skull bone.

Dec 31 · 2:34:00 PM · Source: The News Star
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by Michael Oliveto

Procter & Gamble (PG)

Procter & Gamble plans to expand its Art of Shaving retail chain to as many as 140 locations in the United States, up from fewer than 40 today.
The pricey shaving chain, founded in New York in 1996, was acquired by P&G in June to extend the reach of its Gillette shaving brand. The strategy is unlikely to create conflict with traditional retail customers because the Art of Shaving targets a different demographic. Prices of its razor handles, for example, can be as much as $500. Its Web site is offering a sterling silver shaving set for $1,700, reduced from $3,400.

Dec 31 · 2:02:00 PM · Source: Business Courier
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by Michael Oliveto

Coca-Cola (KO)

California-based Hansen is in discussions with Coca-Cola and some of its main bottlers, hoping to get Peace Tea into the Coke distribution system in a matter of weeks.
The ready-to-drink tea category already includes market leader AriZona as well as drinks from Snapple, Coca-Cola and Pepsi. As the North American beverage business struggles through a recession, ready-to-drink teas have posted modest 1.8 percent sales growth this year, Beverage Digest reported in November.

Dec 31 · 12:24:00 PM · Source: AJC
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by Michael Oliveto

Kraft Foods (KFT)

Kraft Foods is delivering more than 20 new foods and beverages in the first few months of the new year that boast trendy, restaurant-inspired flavors. And just in time for January's diet season, Kraft Foods also is adding several new portion-controlled options to its portfolio.
"We are focused on the consumer from the moment we first dream up a new product to the time it hits store shelves," explains John Li, Director, Culinary Center, Kraft Foods. "We start with a deep dive into consumers' eating habits and flavor preferences. It's part art and part science, but ultimately, our goal is to create the best and most flavorful products possible."

Dec 31 · 12:21:00 PM · Source: PR Newswire
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by Michael Oliveto

Walmart (WMT)

In the largest settlement for a wage-and-hour class-action lawsuit in Massachusetts history, Wal-Mart agreed to pay $40 to all employees who worked for Massachusetts Wal-Mart locations between August 1995 and the settlement date.
The 2001 class-action lawsuit claimed Wal-Mart did not allow workers to have rest and meal breaks, refused to pay overtime wages, and even manipulated employees' time cards to lower their pay. The settlement will pay 87,500 former and current Massachusetts employees and payment will be determined by how many years an employee worked there. The average employee will receive around $734. However, neither party is allowed to comment about the issue.

Dec 29 · 3:48:00 PM · Source: Lawyers and Settlements
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by Michael Oliveto

Procter & Gamble (PG)

Procter & Gamble has introduced its Ariel brand detergent powder in certain markets in the Southwest, targeting immigrants from Latin America.
Ariel USA is sold alongside other P&G detergents such as Tide, Cheer and Gain. But unlike those U.S. brands, Ariel is packaged in bags rather than in boxes. Mexicans are used to buying detergent in bags, a P&G spokeswoman said.

Dec 29 · 2:49:00 PM · Source: Business Courier
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by Michael Oliveto

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