DuPont (NYSE:DD) is hoping for collaboration to address food challenges at Gulfood 2012.

DuPont Heading To Gulfood 2012

DuPont (NYSE:DD) is calling for science and partnerships to battle against the challenges of the global food industry at the Gulfood 2012 Conference.

DuPont has committed to invest US$10 billion in research and development dedicated to the food, agriculture and nutrition sectors and to advance 4,000 new products by the end of 2020.

Heike van de Kerkhof, Director DuPont (NYSE:DD) Packaging & Industrial Polymers, Europe, Middle East and Africa [EMEA] and Food Growth Director, EMEA, said that, “At DuPont (NYSE:DD), we believe that science and innovation is the key to solving the world’s biggest challenges. However, no one company or organization can possibly solve these issues alone. That’s why DuPont (NYSE:DD) need the help of local academic institutions, governments, NGOS, our customers and others to collaborate to develop innovative solutions. Although science provides universal answers, solutions must be local due to variations in climate, soils, cultural traditions, and other factors”.

Dupont (NYSE:DD) shares were at 51.60 at the end of the last day’s trading. There’s been a 10.9% change in the stock price over the past 3 months.

Dupont (NYSE:DD) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.69
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.54
Zack’s Rank: 10 out of 35 in the industry

Rite Aid (NYSE:RAD)’s Thrifty Ice Cream has launched new flavors in the US state of California.

Rite Aid Expanding Product Range

Rite Aid (NYSE:RAD) has announced that its private brand Thrifty Ice Cream has unveiled six new flavors, including two Greek-style nonfat frozen yogurts.

Two of the new flavors are Blueberry Cheesecake and Chocolate Lovers and are available now at California Rite Aid (NYSE:RAD) stores. These flavors feature Greek style crafting, higher protein content, lower levels of lactose and live probiotic cultures.

Ron Simmer, General Manager of the Thrifty Ice Cream plant in El Monte, Calif, said that, “Rite Aid (NYSE:RAD) is proud to be one of the first retailers to offer Greek-style frozen yogurt. Like the many storied Thrifty flavors that came before, our Greek-style varieties are primarily sourced, made and distributed in California – all for about half the price of most national competitors”.

Rite Aid (NYSE:RAD) shares are currently standing at 1.57.

Price History
Last Price: 1.57
52 Week Low / High: 0.85 / 1.64
50 Day Moving Average: 1.35
6 Month Price Change %: 62.2%
12 Month Price Change %: 16.8%

Kellogg Company (NYSE:K) has struck an agreement to buy Pringles potato chips.

Kellogg Company Pops The Top On Pringles Deal

To boost its international snacks business, the cereal maker Kellogg Company (NYSE:K) has signed an agreement to buy Pringles potato chips from Procter & Gamble.

The company will acquire the division for $2.7 billion in cash, which will triple its global snacks business size.

Kellogg Company (NYSE:K) is the world’s largest cereal maker, producing the popular Special K and Rice Krispies brands.

The company chief executive John Bryant did not provide further details of the deal.

Kellogg Company (NYSE:K) stocks were at 52.53 at the end of the last day’s trading. There’s been a 6.4% change in the stock price over the past 3 months.

Kellogg Company (NYSE:K) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: 2.5
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 2.21
Zack’s Rank: 8 out of 44 in the industry

Kraft Foods (NYSE:KFT) has launched a new single-serve format of its Kenco Millicano coffee.

Kraft Foods Expanding Product Range

The food and beverage company Kraft Foods (NYSE:KFT) has introduced a new format of its Kenco Millicano wholebean instant coffee containing 10 sticks with each stick the exact size for a single serving.

Kraft Foods (NYSE:KFT) UK Kenco marketing manager Artur Kuczera said that “the single-serve format is perfect for customers wanting to take their favorite coffee away with them, whether on holiday or just to the office. The company has big plans for Kenco Millicano and for Kenco as a whole this year, with substantial marketing investment and ongoing innovation.”

Kraft Foods Inc. (NYSE:KFT) shares were at 38.01 at the end of the last day’s trading. There’s been a 9.3% movement in the stock price over the past 3 months.

Kraft Foods Inc. (NYSE:KFT) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.75
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.75
Zack’s Rank: 8 out of 44 in the industry

Procter & Gamble (NYSE:PG) has decided to sell its Pringles potato chips to Kellogg Company.

Procter & Gamble Selling Pringles To Kellogg’s

According to reports, Kellogg Co has agreed to buy Pringles potato chips from Procter & Gamble (NYSE:PG) for $2.7 billion in a cash deal.

P&G’s decision to sell to Kellogg follows a failed effort by Diamond to acquire Pringles last year.

The transaction, which is expected to close this summer, will allow Procter & Gamble (NYSE:PG) to exit the snack-food business and gives cereal maker Kellogg a popular addition to its line of snacks.

Procter & Gamble Co. (NYSE:PG) shares are currently standing at 64.55.

Price History
Last Price: 64.55
52 Week Low / High: 57.56 / 67.72
50 Day Moving Average: 65.14
6 Month Price Change %: 4.6%
12 Month Price Change %: -0.1%

PepsiCo (NYSE:PEP) has decided to cut jobs around the world.

PepsiCo Set For Job Cuts

PepsiCo (NYSE:PEP) has announced that it is laying off nearly nine thousand employees around the world.

The job cuts will be felt in a wide range of cities and countries around the world.

The lay-off is part of a long-term plan to save the company $1.5 billion over the next three years.

Jeff Dahncke, PepsiCo (NYSE:PEP) spokesman, said that, “Specifically, about 8700 jobs across 30 countries will be impacted. Roughly one percent of the total numbers of jobs affected globally are in Westchester, so we will continue to maintain a large presence in the county.”

PepsiCo (NYSE:PEP) shares were at 63.52 at the end of the last day’s trading. There’s been a 1.4% change in the stock price over the past 3 months.

PepsiCo (NYSE:PEP) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.93
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.86
Zack’s Rank: 3 out of 15 in the industry

Kraft Foods (NYSE:KFT) has recalled million packages of Tassimo espresso T Discs due to burn hazards.

Kraft Foods (NYSE:KFT) Makes Tassimo Recall

The U.S. Consumer Product Safety Commission and Health Canada, in cooperation with Kraft Foods, has announced a voluntary recall of Tassimo espresso T Discs in the US and Canada.

After receiving a number of reports of second-degree burns, the US based food giant Kraft Foods (NYSE:KFT) is recalling about 2.1 million packages of Tassimo espresso T Discs in the United States and an additional 1.9 million in Canada.

Kraft Foods Inc. (NYSE:KFT) shares are currently standing at 38.58.

Price History
Last Price: 38.58
52 Week Low / High: 30.24 / 39.06
50 Day Moving Average: 37.6
6 Month Price Change %: 12.2%
12 Month Price Change %: 24.0%

PepsiCo (NYSE:PEP) has announced 8,700 job cuts as part of its new strategy to save money.

PepsiCo (NYSE:PEP) To Slash Jobs

The food and drinks maker PepsiCo (NYSE:PEP) announced that it will fire 8,700 employees worldwide to increase its marketing spending.

The company will invest $600 million for advertising its brands, including soft drinks and Lays, as part of its new strategy.

It estimates that it can save up to $1.5 billion by 2014 from the job cuts.

PepsiCo (NYSE:PEP) chief executive Indra Nooyi said, “Running a large company is like doing a car race. Occasionally, you have to stop and refuel yourself in the pit stop, and that is what we’re doing in 2012”.

PepsiCo (NYSE:PEP) shares are currently standing at 64.27.

Price History
Last Price: 64.27
52 Week Low / High: 58.5 / 71.89
50 Day Moving Average: 65.45
6 Month Price Change %: 10.6%
12 Month Price Change %: 4.0%