DEAN FOODS CO News
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No North American railroad is a more alluring, or expensive, takeover target than Kansas City Southern.
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Kansas City Southern, the smallest of the major North American railroads, will be added to the Standard & Poor’s 500 Index, replacing Dean Foods Co. as it spins off its WhiteWave Foods Co. unit.
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Democrats on the House Agriculture Committee failed to restore cuts in federal food-stamp spending as the panel approved yesterday a $940 billion bill reauthorizing U.S. Department of Agriculture programs.
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The U.S. House Agriculture Committee debated legislation today to reauthorize farm programs, a day after the Senate panel approved a version that will cost $955 billion over 10 years.
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U.S. stocks retreated, following five successive records for the Standard & Poor’s 500 Index, as the Federal Reserve Bank of Philadelphia President Charles Plosser said he favors scaling back the central bank’s pace of stimulus.
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Dean Foods Co.’s WhiteWave Foods Co. unit may become a takeover target for buyers such as General Mills Inc. after it is spun off from the dairy maker, said Alexia Howard, an analyst at Sanford C. Bernstein & Co.
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The Alpina Foods Inc. plant that just opened in Batavia, New York, to feed the nation’s growing appetite for Greek-style yogurt should have nearby dairy farmers such as Matt Lamb scrambling to expand their herds.
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U.S. stocks rose, rebounding from earlier losses in benchmark indexes, as a rally in Hewlett- Packard Co. offset Federal Reserve Bank of Dallas President Richard Fisher’s remark that adequate stimulus is in place.
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Dean Foods Co., the largest U.S. dairy processor, is selling its Rachel’s organic brand business in the U.K. to Groupe Lactalis unit B.S.A. International SA, Dean said today in an e-mailed statement.
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Dean Foods Co., the largest U.S. dairy processor, extended its weekly gain to 24 percent and reached a two-year high after its WhiteWave Foods Co. unit filed for an initial public offering.
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