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Stock Market & Financial Investment News

News Breaks
February 13, 2013
16:21 EDTMDLZMondelez reaffirms FY13 organic net revenue growth guidance at low end of 5%-7%
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June 23, 2015
08:03 EDTMDLZMondelez renews global strategic partnership with Facebook
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June 16, 2015
09:22 EDTMDLZFDA gives food makers three years to remove partially hydrogenated oils
The FDA announced it has finalized its determination that partially hydrogenated oils, or PHOs, the primary dietary source of artificial trans fat in processed foods, are not “generally recognized as safe” or GRAS for use in human food. Food manufacturers will have three years to remove PHOs from products. In 2013, the FDA made a tentative determination that PHOs could no longer be considered GRAS and is finalizing that determination after considering public comments. The FDA has set a compliance period of three years. This will allow companies to either reformulate products without PHOs and/or petition the FDA to permit specific uses of PHOs. Following the compliance period, no PHOs can be added to human food unless they are otherwise approved by the FDA. Publicly traded food manufacturers include Mondelez (MDLZ), Kraft Foods (KRFT), General Mills (GIS), Hershey (HSY), PepsiCo (PEP), Kellogg (K), ConAgra (CAG) and Campbell Soup (CPB).

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