Wednesday, March 3, 2010

Week 5 in the Food Industry

http://finance.yahoo.com/news/Kraft-to-invest-9-million-50-apf-2652039386.html?x=0&.v=2

Kraft to invest $9 million, 50 jobs in Mo. city
Kraft says it will invest $9 million in 2 new lines, hire 50 new people in Sprinfield, Mo.


On Tuesday February 23, 2010, 5:30 pm EST
SPRINGFIELD, Mo. (AP) -- The Springfield Area Chamber of Commerce says Kraft Foods Inc. plans to invest $9 million in two new manufacturing lines in the Springfield area.
The company says the investment will bring 50 jobs to the area within the next six to nine months. The jobs will include wages higher than the county average and benefits.
The state has given a Kraft $390,000 tax credit for the investment and new jobs. The credit is part of the Missouri Department of Economic Development's Enhanced Enterprise Zone program.



http://www.marketwatch.com/video/asset/yho/%7B9E3E668A-C94C-4C9B-9A68-0CDB520027B5%7D?siteid=yhoo

News Hub: Buffett Warns Kraft
Jan. 5, 2010
In an unusual move, Warren Buffett issues a public warning to Kraft, which is trying to take over Cadbury. The News Hub analyzes why Mr. Buffett acted.





http://finance.yahoo.com/news/Lancaster-Colony-Continues-prnews-4073803922.html?x=0&.v=1

Lancaster Colony Continues Higher Cash Dividend
Press Release Source: Lancaster Colony Corporation On Wednesday February 24, 2010, 12:51 pm EST
COLUMBUS, Ohio, Feb. 24 /PRNewswire-FirstCall/ -- Lancaster Colony Corporation (Nasdaq:LANC - News) announced today that its Board of Directors has declared a quarterly cash dividend of 30 cents per share on the company's common stock, payable March 31, 2010 to shareholders of record on March 10, 2010.
The board voted to continue the cash dividend at the higher level set three months ago. At that time, the company marked 47 consecutive years of increasing regular cash dividends each year. Lancaster Colony is one of only 17 U.S. companies to have increased regular cash dividends each year for 47 years.




http://finance.yahoo.com/news/Maxwell-House-and-Wheel-of-prnews-271674272.html?x=0&.v=1
Maxwell House and Wheel of Fortune Spell Out G-O-O-D
'Bonus Round' Sponsorship Will Benefit Feeding America

Press Release Source: Kraft Foods On Thursday February 25, 2010, 8:00 am EST
TARRYTOWN, N.Y., Feb. 25 /PRNewswire-FirstCall/ -- While Maxwell House coffee reminds folks that a good day starts with a great cup of coffee, Pat Sajak and Vanna White end it with great television. Â Beginning Monday, February 22, Maxwell House coffee is beginning a partnership with America's favorite game show Wheel of Fortune, to join in the fight against domestic hunger with Feeding America.
(Logo: Â http://www.newscom.com/cgi-bin/prnh/20090420/KRAFTLOGO)
Through the rest of the year, each time a contestant wins the Maxwell House-branded Bonus Round on Wheel of Fortune, Maxwell House will donate $2,500, up to $200,000, to Feeding America, the nation's leading hunger-relief organization. Â The organization provides food to 37 million people through its network of more than 200 food banks across the nation every year.

"Maxwell House and Kraft Foods have been involved in hunger causes for many, many years," says Robert Mortati, Senior Director of Marketing, for the Maxwell House business. "And, since the economic downturn, it's become an even more pressing issue. Â This is a great opportunity for us to do some good, while bringing this important initiative to the attention of Wheel of Fortune's millions of viewers."
"We're thrilled that Maxwell House has chosen America's number-one game, not only as a platform for their product, but also as a partner in benefiting Feeding America," said Harry Friedman, Executive Producer, Wheel of Fortune. Â "Additionally, our Wheel of Fortune staff intends to supplement Maxwell House and Kraft Foods' generous financial support by volunteering their time. Â We hope that our viewers will be inspired to do the same."
"We are so grateful to Maxwell House and Wheel of Fortune for this exciting, generous opportunity," said Vicki Escarra, President & CEO of Feeding America. Â "The Maxwell House parent company, Kraft Foods, is a longtime partner of Feeding America, and we are thankful for this continued support. Â Our country is in crisis right now, with 49 million Americans currently struggling with hunger. Â No American should go hungry. Â Many thanks to Wheel of Fortune, Maxwell House and Kraft Foods for supporting us in the fight against hunger."
Additionally, as part of the partnership, Maxwell House will be sponsoring a series of segments on Wheel of Fortune, "Changing Lives One Spin at a Time." Â The series profiles past winners and demonstrates how they used their winnings to impact other people's lives, as well as their own.
To learn more about how you can help in the fight against hunger, go to http://www.feedingamerica.org/.

No comments:

Post a Comment