A major fruit company has decided to employ organic farming practices on 100 percent of its stone fruit trees, part of the ongoing push to meet consumers’ insatiable demand for healthier food. But Stemilt Growers Inc., a bit player in the stone fruit industry but one of the nation’s leading apple suppliers, isn’t waiting two years to capitalize on the switch.
The company said its revenue fell 5.9 percent last month on a continuing tailspin in classified advertising sales that resulted in an even steeper decline in its newspaper division. Tribune Co. (TRB), whose properties include the Chicago Tribune, the Los Angeles Times and 23 TV stations, said consolidated revenue for the period ended Aug. 5 slipped to $467 million from $496 million a yearago.
The former BP (BP) chief executive has made a return to the oil industry, taking up a senior position at one of the world’s largest private equity funds just three months after his scandal-tainted departure from BP. In a surprise announcement, Riverstone Holdings LLC said it had appointed Browne as head of its European operations.