GFM Network News

ConAgra, Kellogg, Mars to label for GMOs in U.S.

Reuters — ConAgra Foods has joined other food giants in plans to use labels that disclose the presence of genetically modified organisms or GMOs in its food throughout the U.S. ConAgra and other food companies such as Campbell Soup and General Mills have decided to use such labels nationwide, finding it to be the easiest way […] Read more

ConAgra names activist investor nominees to board

Reuters — ConAgra Foods said it would add two directors, including a former Nestle executive nominated by Jana Partners, three weeks after the activist investor took a stake in the food processing company and called for changes. ConAgra will appoint former Nestle USA CEO Bradley Alford and former Walgreens Boots Alliance CFO Timothy McLevish to […] Read more

ConAgra reports better-than-expected profit

Reuters — ConAgra Foods, the maker of Slim Jim beef jerky and Chef Boyardee pasta, reported a higher-than-expected quarterly profit due to cost cuts and the company raised its full-year earnings forecast. ConAgra, like other processed food companies, has been cutting costs as consumers shift to foods that are perceived as healthier, such as organic […] Read more