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PepsiCo Inc., the world’s largest snack-food maker, reports profits that topped analysts’ estimates, helped by global snack sales.

John Rudolph, founder of Rudolph Foods, died on April 16 in Lima, Ohio.

Proceed with caution are the economy watchwords today, as a new Deloitte survey suggests the economic meltdown has instilled a new sense of prudence.

Donald R. Shaffer, founder of Shaffer Manufacturing, died on April 12. He was at 87.

Hostess Brands Inc. has obtained U.S. Bankruptcy Court approval to sell its Drake’s snack cake brand as well as four of its northwest regional bread brands in two separate transactions totaling approximately $58.4 million in proceeds.

Rich Products Corp. expands its voluntary recall to all products manufactured at its Waycross, Ga., facility due to possible contamination with E. coli O12.1.

Grupo Bimbo, S.A.B. de C.V., Mexico City, says its Bimbo Bakeries USA Inc., Horsham, Pa., has completed its $31.9-million purchase of the Beefsteak brand, acquired as part of the Hostess Brands bankruptcy proceedings. Also, the company announces that CEO Daniel Servitje Montull will replace retiring Don Roberto Servitje Sendra as board chairman.

Leading consumer packaged goods industry CEOs and senior executives share their public policy solutions at the Grocery Manufacturers Association (GMA) Growth & Public Policy Summit on July 17 in Washington, D.C.

Slated for Oct. 6-9 in Las Vegas, IBIE 2013 will offer attendees numerous new product categories, show features and special events.

The Independent Bakers Association is preparing to comment on two new proposed rules under the authority of the Food Safety Modernization Act. It is accepting comments from IBA members until May 16.