food

Kraft Foods Announces Intent to Create Two Independent, Publicly Traded Companies

On August 4, Kraft Foods Inc. announced that its Board of Directors intends to create two independent public companies: A highgrowth global snacks business with estimated revenue of approximately $32 billion and a high-margin North American grocery business with estimated revenue of approximately $16 billion. The company expects to create these companies through a tax-free spin-off of the North American grocery business to Kraft Foods shareholders.

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Nestlé Launches a Free 123Recycle App in Singapore

Nestlé belongs to the list of companies determined to lessen the environmental impact of its packaging. To foster positive changes related to smart treatment of used packaging, the food giant has released the world’s first free, mobile application for iPhone and Android devices dubbed 123Recycle, which scans the products barcode and shows tips on the best ways to recycle the packaging.

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PepsiCo Sponsors Young Leaders to Attend United Nations Youth Assembly

PepsiCo delegates from around the globe are among the 600 young leaders attending the Ninth Annual United Nations Youth Assembly (UNYA), a three-day conference, which began yesterday, August 3, at UN headquarters in New York City to discuss progress against the United Nations Millennium Development Goals (MDGs). PepsiCo is sponsoring the trips of 34 delegates in an effort to empower youth, allow them to build leadership skills and encourage awareness of world issues.

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