Archives for November 11, 2002

← 2002

Ocean Spray suffers as CEO quits

Cranberry sales for US co-operative Ocean Spray Cranberries may be booming in Europe but news this week that its CEO of three years, Robert Hawthorne, has resigned led US ratings agency Moody's to review a possible downgrade for the company.

Weak 4Q for Northland

Northland Cranberries, the maker of cranberry juice blends and fruit juice products, reported improved net income on last year's results although fourth quarter revenue was affected by poor sales of its Seneca and Northland branded products.

Fresh fruit has same benefits as wine

Eating fresh grapes provides the same heart-health benefits touted for red wine, according to an article in the November 2002 Journal of Cardiovascular Pharmacology.

Weak sales at Galaxy Nutritional

Sales at Galaxy Nutritional Foods, the producer of plant-based dairy alternatives, dropped by 11 per cent during the second quarter of 2002 compared to the same period last year. CEO Angelo Morini insisted however that the company would continue to...

Flaxseed diet may be the answer to prostate cancer

A diet rich in flaxseed seems to reduce the size, aggressiveness and severity of tumors in mice that have been genetically engineered to develop prostate cancer, according to new research from Duke University Medical Center.