The USDA said Nebraska Beef was slow to respond to signs that products were contaminated with E. coli. A spokesman for Nebraska Beef disagrees with the USDA's assessment, saying the company cooperated with federal investigators. Nebraska Beef has since issued a voluntary recall for more than 5 million pounds of meat.
Heinz plans to introduce 400 new products around the globe during the next two years and will invest millions of dollars in a new marketing plan. The company says it will focus on the fast-growing health and wellness segment.
A confidential study by the World Bank found that biofuels have pushed global food prices up by 75%. The finding is much higher than U.S. government estimates that said biofuels have pressured food prices by less than 3%.