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Smithfield Foods Takeover: China Growing Need for Food Supplies

Shuangui International made news yesterday after announcing its $4.7 billion buyout of Smithfield Foods, which is poised to become the largest-ever Chinese takeover of a U.S. company. US consumers have been left concerned about their meat supply.

By Staff Reporter

Smithfield Foods to Be Sold to Chinese Meat Processor: Report

Shuanghui International Holdings Ltd. has agreed to buy Smithfield Foods Inc. for approximately $4.72 billion, the largest acquisition of a U.S. company by a Chinese company, according to reports released Wednesday.
Germany's DZ Bank to end food commodity speculation

Germany's DZ Bank is to end speculation in food commodities, following a move taken by several other German banks, a letter from the bank showed on Monday.
Decline in biodiversity of farmed plants, animals gathering pace

A decline in the diversity of farmed plants and livestock breeds is gathering pace, threatening future food supplies for the world's growing population, the head of a new United Nations panel on biodiversity said on Monday.
World Chefs: Noma co-founder hopes to forage in Hong Kong

Chef Mads Refslund, co-founder of Noma - long rated the world's top restaurant - and an early proponent of the foraging movement, looks forward to getting a sense of the lay of the land and forage in Hong Kong when he visits there next month.
Israel food firm Strauss profit jumps on coffee, dips activities

Israeli food and drinks maker Strauss Group posted sharply higher first quarter net profit, boosted by income at its international coffee and its spreads and dips operations as well as by lower expenses and streamlining measures.
Got Baby Milk? Chinese Parents Prefer International Formula Brands

Following the recent Chinese crime ring busted for selling more than $1 million worth of lamb that was actually rat meat and thousands of dead pigs floating in a Shanghai river, Chinese parents are left concerned on what food they offer their children.
Restaurant Sales Up in Q1: NPD Group Says

The number of customers visiting U.S. restaurants were stable in the first quarter of 2013 compared to the traffic gains encouraged by mild winter weather in the first quarter last year, according to a report by The NPD Group.
National Restaurant Association CEO Urges Quick Action on Immigration Reform

The President and CEO of the National Restaurant Association (NRA) Dawn Sweeney called on Congress to move quickly to pass immigration reform on Tuesday.
Restaurants Projected to Add 448,000 Summer Jobs Across the Country: NRA

Good news for job seekers out there who are looking for a summer job. According to National Restaurant Association (NRA) projections report released Thursday, restaurants are expected to add 448,000 jobs this summer season, a 4.5-percent increase over the March 2013 employment level
People Overeat 'Healthy' Food Options, Study Finds

A new study released found that eating "healthy" meals can actually become healthy as people generally tend to eat larger portions of the healthier meal.
Only 40 Pct of Youth Use Calorie Information at Fast Food Outlets, Study Says

A new study released Thursday found that young people eating at fast food or chain restaurants twice a week or more were half as likely to use calorie information as those eating there once a week or less.
NASA Funding 3D Food Printing Technology [VIDEO]

NASA announced Wednesday it is funding construction of the world's first ever 3D food printer.
Pope criticizes 'savage capitalism' on visit to food kitchen

Pope Francis criticized what he called "savage capitalism" on a visit to a food kitchen on Tuesday, in an address in which he called for the values of generosity and charity to be revived.
UK retail sales weaker than forecast in April

The Office for National Statistics released the following seasonally adjusted data on British retail sales on Wednesday. All figures are percentage changes unless otherwise stated.