Nov. 30, 2010 at 2:46 p.m.
Filed under:
Food,
Policy,
Politics,
Regulations,
Updated
By Reuters
The Senate passed the largest overhaul of the U.S. food safety system in decades on Tuesday, a response to massive recalls such as last summer’s recall of half a billion eggs in a salmonella outbreak.
The Senate voted 73-25 to pass the bill. The House of Representatives backed a different version in July 2009. With their post-election session due to end by mid-December, lawmakers have just weeks to resolve their differences and send legislation to President Barack Obama to sign into law. Get the full story »
Oct. 22, 2010 at 5:58 a.m.
Filed under:
Food,
Restaurants
By Dow Jones Newswires-Wall Street Journal
McDonald’s Corp. plans to raise menu prices to blunt higher costs, including what would be its first such increase in the U.S. in more than a year — a time when the burger chain’s sales have thrived amid lower prices.
The company expects to increase prices in the U.S. and Europe amid projections that commodity costs will rise between 2 percent and 3 percent in 2011, Chief Financial Officer Peter Bensen said Thursday during a conference call after McDonald’s reported a 10 percent increase in third-quarter earnings and added that October sales appear strong. Get the full story »
