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Obama Seeks 14% Tax On Foreign Profits For U.S. Infrastructure

The tax revenue would be used to fund bridges, roads and other projects in America’s aging infrastructure system and to provide revenue for America’s sagging Highway Trust Fund.

The measure closing the loophole from the Tariff Act of 1930 was included in a wider trade enforcement bill, which Obama signed into law at the White House in Washington.

J. M. Smucker Co. To Acquire Big Heart Pet Brands

Big Heart Pet Brands is the largest stand-alone producer, distributor, and marketer of premium-quality, branded pet food and pet snacks in the U.S.

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Sysco/US Foods Merger Hits Standstill Despite Agreement To Sell 11 DCs To Performance Food Goup

Sysco’s agreement with rival Performance Food Group Co. to sell 11 U.S. Foods distribution centers with a combined $4.6 billion in annual revenue was more than double the $2 billion in revenue that Sysco originally planned to divest.

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FDA Seeks $4.9B For Food Protection, Including FSMA Implementation

Food & Drug Administration (FDA)

The overall request includes $147.7 million in budget authority for initiatives tied to several key areas, including the implementation of the FDA Food Safety Modernization Act and the management of critical medical products issues.

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Oman’s Sohar Port Signs Pact For Flour Mill And Logistics Center

The new project is part of a strategic move to achieve self-sufficiency in essential food products according to Jamal Aziz, chief executive officer of Sohar Freezone.

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Snowstorm Snags Restaurant Deliveries In Chicago

Daily deliveries are feeling the pinch from the weekend blizzard as tractor trailers packed with fresh food try to pull in and out of narrow alley ways piled with snow

File photo from a 2011 snow storm in Boulder, Colo., involving delivery vehicles.

Inspectors Warn Against USDA's High-Speed Hog Inspection Program

GAP released affidavits from four USDA inspectors that illustrate serious concerns with the agency pilot program that increases the speed of processing lines and reduces the number of trained USDA inspection personnel in the hog plants.

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84 U.S. Congressmen Urge Union And Employers To End Pacific Port Dispute

International Longshore and Warehouse Union (ILWU)

The letter urges the sides to “quickly resolve their differences and put an end to the nine months of (contract) negotiations” and highlighted the negative impact increased port congestion is having on their constituents.

Reps Reichert Schrader Dear Colleague ILWU PMA Ports Letter Final 013015 54cfc72283864

Red Thread Fish Recalled Nationwide For Contamination

The recalled Red Thread Fish product was distributed nationwide in supermarkets, and consumers are warned not to use the product even if it does not look or smell spoiled.

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Flowers Foods Issues Voluntary Recall On English Muffins In Three New England States

Food & Drug Administration (FDA)

The recalled product was distributed through Market Basket Supermarkets in Massachusetts, Maine and New Hampshire.

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Amazon Posts Quarterly Profit; Stock Surges

Amazon still ended 2014 with its first annual loss in at least 12 years. Executives said the spending would continue, with plans to keep building data centers for the cloud-computing division and fulfillment centers for faster delivery of goods.

FTC Seeks Fair Packaging And Labeling Act Comments

Enacted in 1967, the FPLA requires that certain products carry labels identifying the contents, source, item quantity, and other information to help consumers compare products.

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