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Judge sends Beef Products Inc. 'pink slime' defamation lawsuit against ABC back to state court

The Canadian PressJune 12, 2013 20:31
SIOUX FALLS, S.D. - A federal judge on Wednesday moved a South Dakota beef processing company's defamation lawsuit against ABC News back to state court. Beef Products Inc. sued American Broadcasting Companies Inc. and ABC News Inc. for defamation in September over its coverage of a meat product the company calls lean, finely textured beef but that critics dubbed "pink slime." The meat processor claims the network damaged the company by misleading consumers into believing the product is unhealthy and unsafe. BPI is seeking $1.2 billion in damages.

ABC News fails to keep 'pink slime' lawsuit in federal court

June 12, 2013 21:35
By Jonathan Stempel (Reuters) - A South Dakota meat processor that sued ABC News over a series of reports that called its signature product "pink slime" has won the right to move its $1.2 billion defamation and product disparagement lawsuit back to the state court where it began.

Grain futures, livestock prices mixed

The Canadian PressJune 12, 2013 13:31
CHICAGO - Grains futures were mixed Wednesday on the Chicago Board of Trade. Wheat for July delivery fell 13.75 cents to $6.83 a bushel; July corn fell 8.75 cents to $6.5075 a bushel; July oats were flat at $4.0325 a bushel; while July soybeans added 0.25 cent to $15.4075 a bushel. Beef and pork prices were also mixed on the Chicago Mercantile Exchange. August live cattle fell 0.18 cent to $1.1952 a pound; August feeder cattle rose 1.25 cent to $1.4592 a pound; July lean hogs added 0.02 cent to 99.17 cents a pound.

Polish snail farms inch towards huge potential

Agence France-PresseJune 12, 2013 03:30
At a snail farm in lake-rich northern Poland, one of a growing number of breeders across the country, it is easy to accidentally step on a mollusc making a break for freedom. "You have to secure the area to stop the snails from fleeing, because they're very clever about it," said Mariola Pilat, 35, president of Snails Garden in the village of Krasin. "They always find a hole to sneak through, always," she told AFP, adding that a snail's pace is surprisingly quick.

KFC sales decline in China eases in May following bird flu scare; Yum expects growth by 4Q

The Canadian PressJune 11, 2013 18:30
NEW YORK, N.Y. - Yum Brands says a key sales figure for China dropped 19 per cent in May, as the parent company of KFC began to see signs of recovery from the double whammy of a bird flu scare and an earlier controversy over its chicken supply. The drop is an improvement from the 29 per cent decline in April. The company said the latest figure reflects a 25 per cent decline at KFC and 12 per cent growth at Pizza Hut. On Monday, McDonald's Corp. also blamed fears over bird flu for a decline in China sales for the month.

Appeals court hears arguments on NYC plan to ban big sodas, other sugary drinks at restaurants

The Canadian PressJune 11, 2013 17:33
NEW YORK, N.Y. - A state appeals court panel had few sweet words Tuesday for a New York City health regulation that would fight diabetes and obesity by setting a size limit on sugary beverages sold in restaurants. The four justices peppered a city lawyer with tough questions during a Manhattan court session aimed at determining whether health officials exceeded their authority in placing a 16-ounce limit on most sweetened beverages at city-licensed eateries.

China approves imports of GM soybean from Brazil

Agence France-PresseJune 11, 2013 15:36
China, the main buyer of Brazilian soybeans, has approved imports of three genetically modified varieties of the crop, to be produced on a large scale in the South American country. The Agriculture Ministry said Monday that China gave its green light for the Intacta RR2 PRO variety, which can resist pests such as a type of caterpillar, as well as for the herbicide-resistant CV 127 and Liberty Link. The agreement followed a meeting of Chinese and Brazilian agriculture ministers in Beijing.

British drinks merger wins regulator approval

Agence France-PresseJune 11, 2013 10:35
Britain's Competition Commission on Tuesday gave the green light to a merger of soft drinks groups Britvic and A.G. Barr, but the future of the deal appears unclear. "The CC has concluded that the proposed acquisition is not expected to result in a substantial lessening of competition and would not cause wholesale prices to increase significantly," the watchdog said in its provisional findings into the deal. The pair last November agreed to merge and form a new European giant with annual sales of more than £1.5 billion ($2.3 billion, 1.8 billion euros).

British regulator approves soft drinks merger

Agence France-PresseJune 11, 2013 09:30
Britain's Competition Commission on Tuesday gave the green light to a merger of soft drinks groups Britvic and A.G. Barr. The pair had agreed in November to merge and form a new European giant with annual sales of more than £1.5 billion ($2.3 billion, 1.8 billion euros). "The CC has concluded that the proposed acquisition is not expected to result in a substantial lessening of competition and would not cause wholesale prices to increase significantly," the watchdog said in its provisional findings into the deal.

Golf: Tiger-Garcia handshake could signal end to feud

Agence France-PresseJune 11, 2013 03:44
Tiger Woods and Sergio Garcia shook hands on the practice tee Monday at the US Open, a signal that their long-running feud might have seen its final days. Details about the handshake and a brief conversation afterward are expected to come on Tuesday when each man will have a news conference ahead of Thursday's start of the 113th US Open at Merion Golf Club. The moment was believed to be the first face-to-face meeting between Woods and Garcia since last month when the Spaniard attempted a joke about what he might serve Woods should they have dinner together.
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