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ConAgra Foods: Trans-fat labeling is a matter for the FDA, not the courtsa
2015-07-28 07:37:41| Food - Topix.net
ConAgra Foods: "The FDA has affirmed PHO's lawful status as a food ingredient for at least the next three years..." ConAgra Foods has urged a California court to throw out a lawsuit* alleging it misled consumers with the '0g trans-fat' claim on its Crunch 'n Munch popcorn, and stressed that the FDA's recent decision to revoke the GRAS status of partially hydrogenated oils doesn't change anything. The claims in the lawsuit - one of a flurry of class actions filed by The Weston Firm against food companies making 0g trans-fat claims on products containing tiny amounts of partially hydrogenated oils - are pre-empted by federal food labeling laws, argued ConAgra Foods.
ConAgra will close West Ripon facility
2015-07-24 08:05:39| Food - Topix.net
ConAgra Foods, Inc. says it has made the decision to close its West Ripon facility that result in layoffs of nearly 300 employees beginning as early as the fall. The company filed the notice with the Wisconsin Department of Workforce Development on Thursday.
Tags: close
west
facility
conagra
ConAgra: Activist Investor Intervention Too Late
2015-07-12 06:16:08| Food - Topix.net
It took JANA Partners just a couple of weeks to get ConAgra to break itself up. The activist investor went active in June with a 7.2% stake.
Tags: late
investor
intervention
activist
ConAgra expands board in agreement with Jana Partners
2015-07-09 03:22:09| Food - Topix.net
ConAgra Foods Inc. has agreed to add two members to its board of directors as part of an agreement with Jana Partners LLC, which has been pushing for change citing the company's ailing private-label business. Bradley A. Alford, the former chief of Nestle USA, and Timothy R. McLevish, former chief financial officer of Walgreens Boots Alliance Inc. ConAgra had previously agreed to sell the private-label business, less than three years after paying $5 billion for it.
Tags: board
agreement
partners
jana
ConAgra Foods: Making Correct Strategic Decisions
2015-07-05 11:17:14| Food - Topix.net
I reaffirm my bullish stance on ConAgra Foods ; the company's efforts to counter competition in the industry through growth investments will positively affect its financial performance. Moving ahead, CAG's focus on driving growth through ongoing investments in key growth generating areas such as innovation, acquisitions and operational efficiencies will portend well for its future performance.
Tags: making
correct
strategic
decisions
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