| Industry
News Senomyx, Inc. and PepsiCo entered into
an exclusive 60-day negotiation period regarding the
completion of a definitive agreement for a new collaboration related to Senomyx's
sweet taste technology. The letter agreement provides for a potential multi-year
collaborative research program focused on the discovery, development, and commercialization
of new artificial sweet enhancers, natural sweet enhancers and natural high potency
sweeteners for the non-alcoholic beverage category. Full
Story 
The
average American spends one hour and 13 minutes eating and drinking per day,
a decline of one minute compared to 2007 findings, according to the 2009 American
Time Use Survey released by the Labor Department. Full
Story Soup chain Zoup! plans to have 100 locations
by 2014 and will open 10 stores by the end of 2010. The company plans to expand
to Washington, DC, Boston and Canada, reported The Detroit News. Full
Story United Natural Foods, Inc.'s York, PA-based
distribution center was awarded LEED Gold certification by the U.S. Green
Building Council and was verified by the Green Building Certification Institute.
Full Story Just
Posted! A new twist to the advertising to children debate is discussed
in the June 24 edition of the Lempert Report, hosted by Phil Lempert and featuring
Food Institute data. The Lempert Report comes out every Thursday. Click
here to view. Mission Foods introduced
a 100% whole wheat flour tortilla. Full
Story Hillstone Restaurant Group is in the
process of converting a number of its Houston's locations to
the Hillstone brand with the goal of bringing more local tastes to the menu. The
move will also reduce the number of Houston's-branded restaurants to fewer than
20, reported Nation's Restaurant News. Full
Story (Free Registration Required) Tasty Baking
Company transitioned the remaining two Tastykake production lines
from the company's Hunting Park facility to its LEED-registered bakery at the
Philadelphia Navy Yard. Full
Story
International
News  Grupo
Bimbo acquired Dulces Vero for an estimated $85 million
to $95 million, reported Financial Times. Full
Story (Subscription Required)
The average
Brazilian family spends 16.1% of their income on food, according to government
statistics agency IBGE, reported Reuters. Full
Story Washington
News A
class-action lawsuit alleging illegal anticompetitive efforts to fix prices
paid to fishermen was filed against Pacific Seafood Group in the U.S. District
Court in Portland. The suit alleges "fraudulent schemes" and "miscellaneous dirty
tricks" in addition to price fixing allegations, and seeks class-action representation
of more than 3,000 fishermen and vessel owners who delivered crab, shrimp, whiting
and other seafood to West Coast ports since June 21, 2006, reported The Seattle
Times. Full
Story (Free Registration Required) 
Magic
Brands, LLC and Fuddruckers, Inc. obtained bankruptcy court approval of the
sale of substantially all of its assets to Luby's, Inc. The transaction is expected
to close by July 26. Full
Story Market News Chicken
pullet placements were up 4.5% in May over last year,
beating expectations, and if the trend continues through the end of the year "chicken
production could increase more than [2% to 3%]," stated KeyBanc Capital Markets
analyst Akshay S. Jagdale, reported The Associated Press. Full
Story 
Ocean
Beauty Seafoods entered into a multi-year agreement with the Alaska village
of Kaltag and Yukon River Gold LLC to market chum salmon, also called Keta salmon,
from the Yukon River. Full
Story | 
