| Yoplait Latest to Cap rBGH |
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| Written by Kiki Hubbard | |
| Monday, 09 February 2009 | |
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"Better Yo-Late than Yo-Never." That's what Stonyfield Farm's CEO is saying about Yoplait's announcement to go completely rBGH-free by August. A subsidiary of General Mills, Yoplait is one of the largest dairy processors in the U.S. The Organic Consumers Association reports that Yoplait is calling itself the "first leading brand of yogurt to utilize milk that is 100% certified from cows not treated with rBST/rBGH." Stonyfield might disagree with that statement, as it was the first major dairy company in the U.S. to pay milk suppliers not to use artificial hormones. Now the company touts the number three position in yogurt sales and is the top-seller of organic yogurt. In other words, the no-hormone trend is real and has paid off for companies that banned the controversial hormone early on in the debate. Since the engineered hormone hit the scene in 1994, dozens of major brands have joined the "rBGH-free" wagon, and last year, foreseeing a dry future for the milk hormone, Monsanto sold rBGH to a pharmaceutical company. Consumer pressure no doubt had an impact on General Mills' recent decision. In 2007, Breast Cancer Action launched an online campaign asking consumers to "Tell Yoplait: Put a Lid on rBGH" (a "pinkwashing" of General Mills' pink lid campaign to raise money for Susan G. Komen for the Cure). Sources: PR Newswire, Business Journal Comments (61)
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Österreich Krise
Österreichs Ruf als Schuldner steht auf dem Prüfstand. Die Alpenrepublik will in dieser Woche ihre bis 2014 laufende und 2 Milliarden Euro schwere Staatsanleihe um eine halbe Milliarde Euro aufstocken. Dieser Betrag sollte leicht auf dem Anleihemarkt einzusammeln sein. Allerdings ist Österreich ins Gerede gekommen. Das liegt an der tiefen Rezession in weiten Teilen Osteuropas. Dort haben österreichische Banken Forderungen von 280 Milliarden Dollar - eine Zahl, die dem österreichischen Bruttoinlandsprodukts nahekommt. Wegen der wachsenden Schwierigkeiten osteuropäischer Schuldner, ihre Kredite zurückzuzahlen, sind die Bedenken der Anleger mit Blick auf die Kreditwürdigkeit Österreichs und seiner Banken in den vergangenen Tagen gewachsen.
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