Kellogg Breakup Puts Focus on Packaged-Food Conglomerates

Kellogg Co. K 2.06% ’s plan to spin off its cereal and plant-based foods businesses is renewing focus on corporate breakups in the U.S. food industry. Campbell Soup Co. CPB 0.92% , General Mills Inc. GIS 1.59% and other food makers for years have built out their baskets of brands, acquiring newer, trend-aligned products and … Read more

Mars CEO to Retire, Hand Reins to Pet-Care Unit Chief

Poul Weihrauch is set to become CEO at Mars Inc., the family-owned maker of brands including Snickers, Wrigley and Kind. Photo: Mars, Incorporated Updated June 22, 2022 11:12 am ET Mars Inc. Chief Executive Grant Reid is retiring this year and will hand over leadership of the family-owned food giant to the global head of … Read more

Kellogg to Separate Into Three Businesses

Kellogg Co. K -0.19% is splitting off its slower-growing North American cereal business and smaller plant-based food brands into two separate companies, leaving a faster-growing food company focused on selling snacks around the world. The plan would shift some classic American food brands, from Corn Flakes and Rice Krispies cereals, to Eggo waffles and Pop-Tarts, … Read more

Food Allergy Test Breakthrough: Less Risk, More Useful Results

June 16, 2022 — What would you do if you believed you had a serious health issue, but the best way to find out for sure might kill you? That’s the reality for patients who wish to confirm or rule out a food allergy, says Sindy Tang, PhD, an associate professor of mechanical engineering at … Read more

Mexico Takes Aim at Private Companies, Threatening Decades of Economic Growth

MONTERREY, Mexico—For the past 20 years, a 1,100-megawatt power plant owned by Spain’s Iberdrola SA outside Mexico’s industrial capital has kept the lights on for scores of companies such as brewing giant Heineken NV, despite winter freezes, a hurricane and the occasional brush fire. But since January, half the gas-fired plant has been forcibly shut … Read more

Smithfield Foods, Citing High Costs of Operating in California, to Close Pork Plant

Smithfield Foods Inc., the largest pork processor in the U.S. by volume, is closing an 1,800-person plant in California and shrinking the size of its hog herd in the region, saying the cost of doing business in the state wasn’t worth it. Smithfield, owned by Hong Kong-based pork conglomerate WH Group Ltd. 288 -2.60% , … Read more

Food Prices to Keep Going Up, as Costs Surge

Kraft Heinz notified retailer customers this past Monday that it would raise prices in August on items ranging from Miracle Whip and Classico pasta sauce to Maxwell House coffee products and some deli meat. Cory Onell, chief sales officer at Kraft Heinz, wrote in the memo to retailers that inflation continues to affect the economy … Read more

WSJ News Exclusive | Biden Administration to Pursue Rule Requiring Less Nicotine in U.S. Cigarettes

The White House effort to require reduced nicotine levels in cigarettes would upend the tobacco industry. Photo: Mario Tama/Getty Images Updated June 10, 2022 7:44 pm ET The Biden administration intends to pursue a policy requiring tobacco companies to reduce the nicotine in all cigarettes sold in the U.S. to minimally or nonaddictive levels, according … Read more

Publicis Sees Ukraine War Weighing on Advertising Growth

Advertising giant Publicis Groupe SA PUBGY -1.08% pared back its global ad-spending forecast for 2022 due to the war in Ukraine, but said the advertising market remained healthy despite macroeconomic challenges. Zenith, an ad-buying unit of Publicis, PUBGY -1.08% said it expects global ad spending to grow 8% to $781 billion this year, a downgrade … Read more