CEO Larry Pope told a Senate committee yesterday that his deal to sell his business to a company in China will not hurt the safety or security of the American food supply, reports CNBC's Joe Kernen.
Smithfield Foods CEO Larry Pope is testifying before the Senate Agriculture Committee today over concerns about its sale to a Chinese meat producer. Iowa Sen. Charles Grassley (R), offers insight.
Sen. Debbie Stabenow, (D-MI) discusses several issues Congress has about the $4.7 billion dollar sale of Smithfield Foods to Chinese meat processor, Shuanghui International, including food safety and business competition.
Rick Quinn, partner at FDAimports.com and Patty Lovera, assistant director at Food & Water Watch, argue over whether Smithfield takeover by the Chinese private company Shuanghui presents risks for the U.S.
Wal-Mart has terminated its relationship with Paula Deen Enterprises, reports CNBC's Jackie DeAngelis.
Paula Deen has had a week that no amount of comfort food could fix, says CNBC's Courtney Reagan. Caesar's Entertainment is now saying it won't renew its relationship with Deen for restaurants at 4 properties.
Sen. Debbie Stabenow, (D-MI), discusses increasing Congressional scrutiny of food safety on the heels of Smithfield Foods takeover bid from Chinese meat producer Shuanghui.