IMC Licensing, Louisville, Ky., said it will begin developing a portfolio of new brand-building licensed food and non-food products under terms of representation agreement with Pinnacle Foods Group LLC.

After several rounds of reported negotiations, Pilgrim's Pride Corp., Pittsburg, Texas, said it agreed to sell its Farmerville, La., chicken complex for $80 million to Foster Farms.

Is the nation’s recession affecting new food product innovation? At least one major processor, Kraft Foods Inc., Northfield, Ill., will ease off the pedal when it comes to new ideas.

Now consumers can enjoy fresh baked organic bagels in their own kitchens. Frozen Bake’mmm Bagels bake in the oven in 10 to 15 minutes.