December 22, 2008 4:04 PM
- Text
Food Roundup: China Safety Debate, Smithfield Union Delay, Kellogg Severance Pay, and More
(MoneyWatch) China postpones food safety debate -- The Chinese legislature will not debate proposed revisions to its food safety laws until early next year, in order to allow more time for evaluation. Melamine contamination and other food safety scandals have led the country to reevaluate its current policies. [Source: AP]
Smithfield union certification delayed -- The National Labor Relations Board delayed its certification of a Smithfield Packing Company plant's vote for a union in North Carolina. The vote came after 16 years of struggle and lawsuits; the board said it was waiting to see if any objections had been mailed before the comment deadline. [Source: AP]
Kellogg cuts severance pay -- The company reduced potential severance payments for some senior officers, including the CEO and CFO. If terminated, executives will now get twice their base pay instead of three times, and two years of benefits instead of three years. [Source: Reuters]
UK Food Standards Agency scam -- The FSA is warning food companies about a scam in which companies receive fake letters demanding that the businesses pay money or face FSA prosecution for food law violations. The FDA warned of a similar scam in the U.S. in November. [Source: FoodProductionDaily]
Smithfield union certification delayed -- The National Labor Relations Board delayed its certification of a Smithfield Packing Company plant's vote for a union in North Carolina. The vote came after 16 years of struggle and lawsuits; the board said it was waiting to see if any objections had been mailed before the comment deadline. [Source: AP]
Kellogg cuts severance pay -- The company reduced potential severance payments for some senior officers, including the CEO and CFO. If terminated, executives will now get twice their base pay instead of three times, and two years of benefits instead of three years. [Source: Reuters]
UK Food Standards Agency scam -- The FSA is warning food companies about a scam in which companies receive fake letters demanding that the businesses pay money or face FSA prosecution for food law violations. The FDA warned of a similar scam in the U.S. in November. [Source: FoodProductionDaily]
Latest Now in MoneyWatch
- Could "web-lining" be dangerous?
- Insurers respond cautiously to contraceptive plan
- Judge: Legally, breastfeeding not related to pregnancy
- Budget deficit drops to $27 billion in January
- Why the Powerball Jackpot is part of my investment strategy
- Is the new VW Beetle diesel worth the money?
- Consumer sentiment highlights risks to recovery
- Valentine blues? 10 best cities to be single
- December trade deficit widens to $48.8 billion
- Alcatel-Lucent returns to profit in 2011
- 6 things never to say in a performance review
- $26B mortgage deal: Who gets the money?
- Friendly's CEO steps down
- Quarterly loss hits $3.3B at Postal Service
- Greeks rail against cuts as EU demands more
- 6 things you should never share on Facebook
- Make moves now to increase financial aid
Latest CBS News Headlines
on Facebook
on CBS News
- On thin ice, and a long course, with the Dutch
- Serbia urges citizens to save power in big freeze
- Drama, intrigue mark Grammys run-up
- Famed Spain judge convicted of misusing authority
on Facebook
- Adele sings a cappella for Anderson Cooper
- Beyonce and Jay-Z post first photos of Blue Ivy Carter
- Occupy protestors kicked out of CPAC
on CBS News






