Dairy assails bill to alter marketing

Article Abstract:

A conflict has emerged between the California Milk Advisory Board and Atwater-based Gallo Cattle Co., one of California's largest cheese producers over proposed legislation. The legislation, which is sponsored by the Modesto-based Western United Dairymen, would make changes in the state-sanctioned annual $18.5 million advertising and marketing campaign for cheese, including the promotion of specific brands of of cheese. Gallo executives have said that the changes amount to a new form of corporate welfare.

Comment:

A conflict emerges between California Milk Advisory Board and Gallo Cattle Co. over $18.5 mil cheese advertising campaign

Marketing procedures, Dairy Products, Dairy Product Manufacturing, California, Cattle Ranching and Farming, Livestock Farms, California Milk Advisory Board, Gallo Cattle Co.

---

Mexican sugar producer seeks to renegotiate terms after failing to meet $30 million note

Article Abstract:

Consorcio Azucarero Escorpion (CAZE) was unable to fulfill its obligations for a Euronote worth $30 million. As a result, the company is renegotiating the terms of the note with bondholders. The Euronote was due in the middle of September 1998. CAZE is the largest producer of sugar in Mexico and is a subsidiary of Grupo Escorpion. CAZE did not have sufficient funds to meet its obligations.

Comment:

Renegotiates terms after failing to meet obligations on a $30 million Euronote

Financial management, Sugar Crops, Other Crop Farming, Mexico, Consorcio Azucarero Escorpion

---

Similar abstracts:

• Abstracts: US Airways is about to order Airbus A-330s. Northwest, changing its mind again, boosts some leisure fares 4%
• Abstracts: Saybolt to admit fuel-testing violations. Warner Bros. told to pay Coppola $60 million more. Court voids settlement in GM pickup-truck suit
• Abstracts: America Online Inc. says it plans to offer $500 million in shares. USA Networks unit, CitySearch to merge
• Abstracts: Pioneer Hi-Bred says '98 results to trail estimates. ITT Industries' net expected to be below analysts' estimates

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.