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Business News - Page 6

Source:  KH1234567890 via flickr
Source: KH1234567890 via flickr
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Tomato Prices Won’t Go Up; Tomato Lovers Can Rejoice As US-Mexico Trade Agreement Will Remain

It looks like tomato prices won't be rising!  Leaders from the United States and Mexico have reached an agreement to continue their 16 year-old trade policies.

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(Photo Rayman)
(Photo Rayman)
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Rayman Gets A Check For One Cent

Several months ago I received a letter from an account saying due to an accounting error, I had a credit of 0.01 cent. At first I figured it was some sort of scheme, or a joke, but after four more letters saying the same thing, I kept on asking myself "What am I supposed to do about it"? It's only a penny, I can't buy anything for a penny, so why not credit it to my account?

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Source:  Statelyenglishmanor via flickr
Source: Statelyenglishmanor via flickr
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Tomato Prices Could Double; Trade Agreement With Mexico In Question

It seems we live in interesting times.  Or, maybe we should say expensive times.  First it was gas.  Then it was our paychecks.  Next was the price of milk.  Now, it appears that the prices we pay for tomatoes might be getting ready to double - if a trade agreement that the United States has with Mexico falls through.

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(Photo by Chip Somodevilla/Getty Images)
(Photo by Chip Somodevilla/Getty Images)
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Obama’s News Taxes Expected To Hurt The Restaurant Industry In A Major Way

Observers close to the food and restaurant industry are watching their bottom line shrink, with profits expected to be lost due to new taxes that went into effect on January 1st.  With Obamacare putting a halt to hiring and forcing some managers to cut staff and hours, the industry was already forecasting a pale 2013.  But now with the reversal of the payroll tax holiday that eats an additional 2% from employees take-home check, the companies and supervisors that manage the nations biggest restaurant chains are fearful for what that will mean for their bottom line.  Rising gas prices don't help, either.

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Photo by Mark Wilson/Getty Images
Photo by Mark Wilson/Getty Images
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Obamacare Equals Reduced Hours For Some Wendy’s Employees

Apparently they weren't empty threats.  When The Obama administration pushed for the passage of the Affordable Health Care Act, some of the nations largest employers said that the costs associated with the new mandate would force them into reducing hours, a cut-back on hiring, or worse

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(Photo by Scott Olson/Getty Images)
(Photo by Scott Olson/Getty Images)
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Obama Administration Rolls Out New Food Regulations

Over 80% of the nations food supply will now be subject to new regulations.

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Source:  Jamesjyu via flickr
Source: Jamesjyu via flickr
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Hormel Buys Skippy Peanut Butter

Minnesota-based Hormel Foods - food parent to brands like Spam and Hormel Meats - has bought Skippy Peanut Butter from Unilever.  The deal is rumored to be $700 million for the venerable food brand.

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Source:  Tyrone Warner via flickr
Source: Tyrone Warner via flickr
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Fiscal Cliff And Milk Prices; Deal Reached To Avert Prices Doubling

An update on a post from two weeks ago:  Congress has passed a deal to extend the 2008 Farm Bill that heads off rising milk prices in 2013.

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Lester Chambers
Kickstarter
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‘Time Has Come Today’ Singer Turns to Internet After Decades Without Royalties

After going decades with what he considers unfair payments for singing on the classic song 'Time Has Come Today,' Chambers Brothers singer Lester Chambers is taking to the internet to fund a new album and raise awareness for other artists who are in similar straits.

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Source:  Technodad via flickr
Source: Technodad via flickr
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Glass Baking Pans Shatter More Frequently Than In The Past

It's happened to me.  A couple of years ago, I took food out of my oven that I had baked in a glass pan, set it on a dry cutting board with a hot pad underneath it, and then watched in horror as it shattered into a million pieces of hot flying glass.  It sounded like a gun went off.  The hot glass melted into my floor.  My insurance company was not amused.

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Category: Business News, Food Tags: , ,
Source:  Old Shoe Woman via flickr
Source: Old Shoe Woman via flickr
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Olive Garden And Red Lobster Owner Darden Continues To Underperform

Revamped menus and marketing didn't help Florida-based Darden Restaurants boost their sales in the most-recent quarter.  The parent company of Red Lobster, Olive Garden, and Longhorn Steakhouse posted numbers that were even lower than analysts had forecasted.

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Source:  Lees95014 via flickr
Source: Lees95014 via flickr
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Holiday Warmth Turns Ugly At A Denny’s Restaurant In Texas

Police are investigating an incident that happened at a San Antonio, Texas Denny's restaurant.  Apparently an angry customer set an in-restaurant Christmas Tree on fire.

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