The EU plans to streamline its farm policy, replacing 40 different regulations with one law that lays out rules covering intervention, private storage, import tariffs and export subsidies. The new law is set to take effect in 2008.
Kellogg plans to reformulate its food products that are marketed to children by the end of next year, including brands such as Pop-Tarts, Froot Loops and Apple Jacks. If the company can't meet new nutrition standards without compromising taste, it will stop marketing the products to children under 12. "It means we have a lot of work to do," Chief Executive David Mackay said. "If we can't make those products taste just as good as they do today and make them as appealing, then we won't reformulate them and we won't advertise them."
Celebration Foods will move its Carvel brand into a new expanded headquarters and manufacturing facility in New Britain, Conn., where the company will focus on premium desserts such as high-end chocolate and cheese cakes.