Food Roundup: A Yes Vote for InBev-Busch, FDA Cracks Down on Chinese Imports, and More

Anheuser-Busch shareholders approve $52B sale to InBev — Wednesday’s vote cleared the last hurdle for Belgium-based InBev to purchase Anheuser-Busch, thus forming the largest brewer in the world. The companies plan to close the deal by the end of the year, barring problems with regulatory approval. [Source: AP]

FDA to detain food imports from China — In light of the melamine scare, the Food and Drug Administration will hold all products containing Chinese milk until companies can verify the products’ safety. Since September, several products have been recalled in the U.S. because of feared contamination with the toxic chemical. [Source: New York Times]

USDA lowers corn and soybean forecasts — The U.S. Department of Agriculture revised its estimates for the year’s corn and soybean harvests slightly downward on Monday. The announcement bumped up the price of the grains and knocked down the price of meat company shares. [Source: AP]

Pepsi-QTG Canada to disclose caffeine content — The company announced it will phase in new labels listing caffeine-per-serving on all soft drinks and iced tea products in Canada. Its energy drinks there already include this information. [Source: Canadian Business Online]