Retailers, consumers and prices
California Gov. (and “Terminator” star) Arnold Schwarzenegger on Tuesday signed a law that would make the Golden State the first in the nation to require restaurants to post calorie counts and other nutrition information on menus.
The move from the nation’s most populous state is just the latest salvo in its war on obesity.
In July, California became the first state to ban artery-clogging trans fats in restaurant food. Last October, Schwarzenegger signed a bill banning artificial trans fats in food served at public schools.
The National Council of Chain Restaurants called California’s new menu labeling law “well intentioned” but said it would prefer a federal standard.
Check out why Heinz didn’t suffer like Hormel did in the past quarter.
Food companies have found it tough going as commodity costs shoot up, but Hormel was particularly hard hit. The reason? It raises the turkeys that it eventually sells — meaning spiking corn feed costs hurt its results.
Check out McDonald’s Corp’s long-awaited switch to trans fat-free cooking oil in the United States and Canada.
Jim Skinner, CEO at the Golden Arches, said the world’s largest hamburger chain finished dumping the oil with artery-clogging trans fats during the last few months. Speaking to investors at the company’s annual meeting, he also promised that pies and other baked goods would also be trans fat-free by year end.