How 'Big Corn' lost the ethanol battle to Philadelphia refiners
Reuters: Six months ago the U.S. oil industry scored a surprise win against farm groups when the Obama administration proposed slashing the amount of ethanol refiners must blend into gasoline, a move that could save them billions of dollars. Stunned by the reversal, producers of the corn-based biofuel and their supporters are now fighting back before a June deadline for the Environmental Protection Agency to make a final decision on the cut.
Hillshire will buy Pinnacle Foods
Reuters: Hillshire Brands Co. said it would buy Pinnacle Foods Inc for about $6.6 billion, including debt, adding products such as Duncan Hines baking mixes to its portfolio that includes Jimmy Dean sausages and Hillshire Farm luncheon meats.
Subway CEO: 'No excuse' for wage violations
CNNMoney: Subway CEO Fred DeLuca said this week that "there's no excuse" for workers being paid improperly. His remarks come after CNNMoney published an investigative report last week detailing how Subway is the fast food chain with the most wage and hour violations. From 2000 to 2013, Subway stores racked up more than 17,000 Fair Labor Standards Act violations, including failure to pay its employees the proper overtime rate, according to our analysis of data collected by the Department of Labor's Wage and Hour Division.