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Kraft Singles to lose artificial preservatives PDF  | Print |  E-mail
Written by CANDICE CHOI, AP Food Industry Writer   
Monday, 10 February 2014 14:14

NEW YORK (AP) — Kraft is removing artificial preservatives from its most popular individually wrapped cheese slices, in the latest sign that companies are tweaking their recipes as food labels come under greater scrutiny.

The change affects the company's Kraft Singles in the full-fat American and White American varieties, which Kraft says account for the majority of brand's sales. Sorbic acid is being replaced by natamycin, which Kraft says is a "natural mold inhibitor."

Kraft's decision comes as a growing number of Americans try to stick to diets they feel are natural. That has prompted a number of food makers to change their recipes.

Last week, for instance, Subway said it was removing a chemical from its bread after a popular food blogger named Vani Hari started a petition noting the ingredient is also used in yoga mats.

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Google passes Exxon to be No. 2 U.S. company PDF  | Print |  E-mail
Written by Associated Press   
Monday, 10 February 2014 10:50

NEW YORK (AP) — Google has passed Exxon to become the second most valuable U.S. company by market capitalization.

According to FactSet data, the Internet company's market capitalization surpassed that of oil company Exxon Mobil Corp. last week. As of Friday's market close, it sat at $395.42 billion compared with the oil company's $392.66 billion.

Shares of Google Inc. have been on a steady climb since the beginning of 2013, gaining 66 percent.

Market capitalization is the number of outstanding shares multiplied by their value.

Meanwhile, Exxon's have risen just 5 percent. Since the beginning of this year, they've lost about 10 percent of their value.

Both companies trail Apple Inc.'s market capitalization of $463.55 billion.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
Starbucks: 'Dumb Starbucks' store not OK PDF  | Print |  E-mail
Written by JUSTIN PRITCHARD, Associated Press   
Monday, 10 February 2014 14:13

LOS ANGELES (AP) — A mysterious shop named "Dumb Starbucks" is serving coffee again in Los Angeles after drawing weekend crowds that waited in a line two blocks long.

The line Monday was far shorter, however.

The store resembles a Starbucks with a green awning and mermaid logo, but with the word "Dumb" attached above the Starbucks sign.

Starbucks says it's trying to contact the people responsible for the Hillhurst Avenue store, which was announced in a Feb. 7 tweet under the handle @dumbstarbucks.

The Seattle-based coffee chain says its legal team is working on identifying the store's owner.

Spokeswoman Laurel Harper says the store is not affiliated with Starbucks and, despite the humor, the store cannot use the Starbucks name.

___

AP reporter Candice Choi in New York City contributed to this story.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
Facebook's Mark Zuckerberg biggest giver in 2013 PDF  | Print |  E-mail
Written by DONNA GORDON BLANKINSHIP, Associated Press   
Monday, 10 February 2014 10:46

SEATTLE (AP) — Mark Zuckerberg and his wife, Priscilla Chan, were the most generous American philanthropists in 2013, with a donation of 18 million shares of Facebook stock, valued at more than $970 million, to a Silicon Valley nonprofit in December.

The Chronicle of Philanthropy reported Monday that Zuckerberg's donation was the largest charitable gift on the public record in 2013 and put the young couple at the top of the magazine's annual list of 50 most generous Americans in 2013.

The top 50 contributors made donations last year totaling $7.7 billion, plus pledges of $2.9 billion.

The Chronicle's editor says the most significant fact from the list was the amount of money coming from living donors, which totaled about the same amount as the two previous years combined.

"It's a sure sign that the economy is getting better and people are getting a lot less cautious," said Stacy Palmer, Chronicle editor.

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