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BUSINESS
June 19, 2001 | Bloomberg News
Land O'Lakes Inc., a farmer-owned dairy producer, agreed to buy Purina Mills Inc. for about $230 million in cash, to create the largest animal-feed maker in North America. Privately held Land O'Lakes, based in Arden Hills, Minn., agreed to pay $23 for each Purina Mills share, or 19% more than the closing price Friday for the maker of feeds for animals ranging from goats to guinea pigs. Land O'Lakes would assume about $130 million in debt, said Purina Chief Executive Brad Kerbs. Shares of St.
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BUSINESS
June 19, 2001 | Bloomberg News
Land O'Lakes Inc., a farmer-owned dairy producer, agreed to buy Purina Mills Inc. for about $230 million in cash, to create the largest animal-feed maker in North America. Privately held Land O'Lakes, based in Arden Hills, Minn., agreed to pay $23 for each Purina Mills share, or 19% more than the closing price Friday for the maker of feeds for animals ranging from goats to guinea pigs. Land O'Lakes would assume about $130 million in debt, said Purina Chief Executive Brad Kerbs. Shares of St.
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BUSINESS
July 31, 1987 | CHARLES HILLINGER, Times Staff Writer and
Scores of silver-bellied trucks painted with the familiar Indian maiden logo roll in from dawn to dusk, from Sobieski, Flensburg, Swanville, Sauk Center and other dairy communities, delivering milk to the Land O' Lakes processing plant on Creamery Drive. There, at one of the co-op's eight butter processing plants, the milk from 28,000 cows is converted into butter and milk powder.
BUSINESS
July 31, 1987 | CHARLES HILLINGER, Times Staff Writer and
Scores of silver-bellied trucks painted with the familiar Indian maiden logo roll in from dawn to dusk, from Sobieski, Flensburg, Swanville, Sauk Center and other dairy communities, delivering milk to the Land O' Lakes processing plant on Creamery Drive. There, at one of the co-op's eight butter processing plants, the milk from 28,000 cows is converted into butter and milk powder.
BUSINESS
October 2, 1997
A federal grand jury is investigating whether Hudson Foods Inc. tried to hide the extent of potential E. coli bacteria contamination in what eventually became the nation's biggest meat recall, the government said. . . . Lloyd's of London was rated A+ by Standard & Poor's Corp., reflecting the insurance market's financial strength since the settlement of litigation and refinancing last year. . . . Deere & Co.
BUSINESS
October 20, 1999 | Times Staff and Wire Reports
Spurred by a rising global demand for cheese, Mitsui & Co., Japan's largest trading company, has formed a joint venture with dairy cooperative Land O'Lakes Inc. to help build its new $142-million cheese plant in Tulare, Calif. Under the terms of the joint venture, Mitsui will pay $40 million for a 30% stake in the previously announced facility, which will have the capacity to process 6 million pounds of milk a day, said spokesman Hiroyuki Sakai.
BUSINESS
December 2, 2000 | MELINDA FULMER, TIMES STAFF WRITER
A federal appeals court has ruled that Philip Morris Cos.' Kraft Foods and several other cheese makers must face allegations that they illegally conspired to drive down milk prices paid to California farmers. An antitrust suit filed by milk producers in 1998 had been dismissed when a judge ruled in part that the case didn't meet antitrust standards because it didn't show harm to consumers in the form of higher prices. The 9th U.S.
BUSINESS
January 14, 1986 | Associated Press
The Supreme Court on Monday ruled that the federal government could allow national banks to expand into the discount securities brokerage business without violating a Depression-era law limiting banking services. The court rejected without comment an appeal by a securities dealers' trade group, which said that permitting banks to open discount brokerages could allow more than 2,000 banks to enter the business. The ruling upheld two 1982 decisions by then-Comptroller of the Currency C. T.
BUSINESS
March 13, 2014 | By David Pierson
A food safety group filed a lawsuit in hopes of forcing the U.S. Department of Agriculture to release documents in court that could explain why the federal agency approved genetically engineered alfalfa despite its misgivings about environmental safety. The Washington-based Center for Food Safety said Thursday the USDA may have come under pressure by seed giant Monsanto Co. to grant approval of its Roundup Ready alfalfa, which is designed to withstand multiple applications of herbicide.
NEWS
October 17, 1985 | BETTY CUNIBERTI, Times Staff Writer
A new rendition of "We Are the World" was belted out in the nation's capital this week. But Lionel Richie, Cyndi Lauper and others need not worry about the competition. A mixture of Hollywood celebrities, world hunger activists and government employees joined hands on stage at the Kennedy Center Tuesday night to sing the popular USA for Africa song at one of many events marking World Food Day, which was Wednesday. The singers did not know the words exactly. But they knew the feeling.
CALIFORNIA | LOCAL
November 30, 1990 | By Tony Perry
Lured by an award-winning provolone, I am at the San Diego Convention Center (and adjoining Marriott Hotel) for the annual convention of the National Milk Producers Federation. These are 1,400 people who make a living in milk. Some are farmers who begin each morning, summer-fall-winter-and-spring, staring at the business end of a cow or a two. Many of these farmers have developed bone-squeezing handshakes. It's an occupational asset but sometimes a social liability.
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