American Italian Pasta to cut 14 percent jobs amid low carb market
American Italian Pasta Co plans to cut about 100 positions from its 710 workforce, suspend its Kenosha Wisconsin plant in mid July, halt July production at Excelsior Springs Missouri and seven to ten days at Columbia South Carolina. The company will reallocate production to other plants, offer some workers alternative posts, book a pretax charge of 10 to 12 million dollars, and aim to save 12 million dollars annually. Profits have fallen in the first two quarters as industry wide demand wanes amid diet trends.
MENTIONED IN THIS ARTICLE
Kansas City, Mo
American Italian Pasta Co
North America
Kenosha
Wis
U.S
Excelsior Springs
Columbia
S.C
Jennifer Smartt
Timothy Webster
Webster
Atkins
Mueller’s
Golden Grain
R&f
Ronco
Martha Gooch
Luxury
Anthony’s
EU approves Monsanto GM corn for use in foods
The European Commission proposed that EU governments approve Monsanto NK603 for marketing in processed foods. Products containing the corn must be clearly labeled as genetically modified after a safety assessment. EU leaders push biotech growth while wary of consumer health fears.
MENTIONED IN THIS ARTICLE
Brussels
Belgium
European Commission
Monsanto Co
Commission
St. Louis
Europe
Midwest farmers push billion-dollar plan to ease Mississippi River locks
Midwestern farmers back a 1.46 billion plan to replace seven aging locks on the upper Mississippi and Illinois rivers with 1,200-foot gateways to speed grain shipments. After a decade of study and delays, the Army Corps of Engineers and Congress push the project amid environmental and taxpayer opposition. About 85 million tons of grain from 19 states flow toward New Orleans annually, with large portions for overseas markets.
MENTIONED IN THIS ARTICLE
Washington
Mississippi River
Greg Guenther
Belleville
Guenther
Mississippi
Illinois River
Army Corps of Engineers
Congress
Senate
Barrack
Illinois
New Orleans
U.S
Boeing to manage Delta spare parts inventory
Delta Air Lines hires Boeing Co to run its spare-parts shop at Delta's technical operations facility. Boeing will own the inventory and manage expendable parts for about 550 aircraft, aiming to trim maintenance costs, with Delta keeping a limited portion of inventory under the plan.
MENTIONED IN THIS ARTICLE
New York
Dow Jones/ AP
Delta Air Lines Inc
Boeing Co
Boeing
Delta
Joe Brummitt
Brummitt
Snow denies pressuring board for United loan
Treasury Secretary John Snow said no political pressure was applied to the Air Transportation Stabilization Board considering United Airlines loan guarantees. The IG will review whether board member Brian Roseboro was pressured to change his vote after he opposed the initial $1.6 billion request.
MENTIONED IN THIS ARTICLE
Washington
Treasury
John Snow
United Airlines
Snow
Department
Office of
Inspector General
The
Air Transportation Stabilization
Brian Roseboro
United
Roseboro
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Midwest
Minneapolis
Iowa
Tim Barrack
LaCrosse
Great Shapes
S. Oilinois Ave
Carbondale
Greatshapesfitness.com
Vis
Cash Syle
Magic Chef
Maytag
Cay
Cedar Court Imaging
American Cancer Society
Cedar Court
Cart Imaging
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