Friday, 26 August 2016

Potato Pathology and Pests Section Meeting 2016 Takes Place in Scotland

Potato Pathology and Pests Section Meeting 2016 Ta...

  The European Association for Potato Research (EAPR) organizes in Dundee Scotland, a scientific ...

An International Business Meeting for the Industry: PotatoEurope 2016

An International Business Meeting for the Industry...

 The 11th edition of PotatoEurope will be held on September 14-15 at Villers-Saint-Christophe, hal...

A Better Perspective on Potato Processing: AHDB Potatoes’ Next Generation Visited McCain

A Better Perspective on Potato Processing: AHDB Po...

  AHDB Potatoes’ Next Generation recently continued its exploration of Great Britain’s diverse po...

Tong Reinforces Sales Division

Tong Reinforces Sales Division

  Alice Tong, daughter of Chairman Charles Tong, has joined the family-run business, Tong Engineering....

Bosch and Bühler Agree on Research Cooperation

Bosch and Bühler Agree on Research Cooperation

    Bühler and Bosch Connected Devices and Solutions agreed to expand their existing successful colla...

FDA Launches New Nutrition Facts Label for Potatoes

FDA Launches New Nutrition Facts Label for Potatoes

 The US Food and Drug Administration (FDA) recently released revisions to the Nutrition Facts label, wh...

How to Seal 6,000 Potato Packages Per Hour with Ultrasonic Technology

How to Seal 6,000 Potato Packages Per Hour with Ultraso...

  The German food company Wernsing Feinkost GmbH, based in Addrup-Essen near Oldenburg, seals 6,000 ba...

Key Technology Introduces VERYX Belt-Fed Digital Sorters

Key Technology Introduces VERYX Belt-Fed Digital Sorter...

  Key Technology introduces its VERYX belt-fed digital sorters, with a goal to improve product quality...

Technology Producers Make Drone Demonstrations at Potato Farm in Oregon

Technology Producers Make Drone Demonstrations at Potat...

 The Oregon UAS FutureFarm will host the first Ag Drone Rodeo in Pendleton, Oregon on August 18 -19, wh...

Avebe Starts the Potato Harvest Campaign

Avebe Starts the Pot...

 Potato starch producer Avebe has recently announced the s...

New Potato Products Recently Launched Worldwide

New Potato Products ...

Potato manufacturers are competing in launching new produc...

Ballreich Wins Best Potato Chip and Potato Stick

Ballreich Wins Best ...

  Potato producer Ballreich has recently been awarded for...

McDonald’s of the Future Serves Unlimited Fries

McDonald’s of the Fu...

  McDonald’s has recently opened a new location in Missou...

Kiremko is the Main Supplier for New Project Linkage Farm Frites in China

Kiremko is the Main ...

   Dutch engineering company Kiremko will be the main sup...

Greenpeace Issues Blacklist for Pesticides in EU

Greenpeace Issues Bl...

 Greenpeace Germany has recently published a new version o...

Costs of Developing GM Potatoes Comparable to Conventional Varieties

Costs of Developing ...

  The cost of developing GM potato varieties is in fact n...

Scientists to Test Potatoes Grown in Mars and Moon Soils

Scientists to Test P...

 Scientists of Wageningen University and Research (The Net...

Solana Seeds UK Opens New Facility in North Norfolk

Solana Seeds UK Open...

  Solana Seeds UK celebrated its first birthday with a sp...

Farm Visit: How to Produce Potatoes for PepsiCo Factory in Romania

Farm Visit: How to P...

  Mirica Farm in Romania is preparing to develop one of t...

Federal prosecutors have launched a criminal inquiry into Diamond Foods's walnut payments, an action that could throw its pending purchase of Pringles from Procter & Gamble Co into doubt, the Wall Street Journal reported, citing people familiar with the matter.

News of the Justice Department inquiry sent shares down more than 10 percent to $29.53 in after hours trading on Thursday.

Diamond (DMND.O) has been besieged with questions about whether it delayed payments to farmers to make its earnings for the fiscal year ended July 31 look better while it negotiated to buy Pringles from Procter & Gamble (PG.N).

The snack maker's accounting of payments to walnut growers is already the subject of an internal company investigation and a probe by the U.S. Securities and Exchange Commission. Prosecutors in the San Francisco U.S. Attorney's office are coordinating with the SEC, according to the Journal's report.

The seller of Emerald nuts, Kettle potato chips and Pop Secret popcorn had agreed to buy the Pringles snack food brand in April. The two companies have since delayed the $1.5 billion acquisition due to the accounting questions.

Diamond spokeswoman Lucy Neugart said the internal investigation is ongoing and that the audit committee anticipates completing it by the middle of February.

 

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