Dannon says it will cut back the amount of sugar in its yogurts intended for children. The move is part of a variety of measures the company is taking to improve the nutritional content of its yogurts by 2016. One goal is to have all its yogurts for kids — such as Danimals — contain 23 grams or less of sugar per 6-ounce serving. Currently, the company said, only 30 percent of its yogurt for kids meet that standard.
Tyson to keep Denison plant open
Tyson Foods has changed its plans and will keep open its beef plant in Denison, Iowa. Officials say the decision will save nearly 400 jobs in the western Iowa city. Two years ago Tyson said the aging slaughterhouse could close after completion of a $90 million expansion and modernization project at Tyson’s beef plant in Dakota City, Neb., a project that is expected to be completed this summer. Tyson said the reasons for keeping open the Denison plant include the closing of some competitors’ beef plants and the lower feed prices for cattle.
Quiznos files for bankruptcy
Quiznos Corp., the Denver-based toasted-sandwich chain, filed for bankruptcy Friday, just days after pizza chain Sbarro sought protection from creditors, as competition among fast-food restaurants grows in a tight market. Quiznos listed debt of more than $500 million in Chapter 11 documents filed in U.S. Bankruptcy Court in Wilmington, Del. It’s seeking to implement a reorganization plan that would cut debt by $400 million.