Word: citric
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After years of denying any wrongdoing, the company pleaded guilty to conspiring to fix prices for the livestock feed-supplement lysine and for citric acid, an additive found in products from cosmetics to soft drinks. The $100 million fine, the largest ever levied in a criminal antitrust case, was more than six times the amount of the previous record settlement. Further, ADM will pay an additional $90 million to settle civil suits. "In essence, greed, simple greed, replaced any sense of corporate decency or integrity" at ADM, said Joel Klein, the acting Assistant Attorney General for antitrust...
...Archer Daniels Midland agreed to plead guilty Monday to two criminal price-fixing charges and will pay $100 million in fines. The agribusiness giant had been the target of a four-year long federal investigation into price-fixing in the sale of lysine, a feed supplement for livestock, and citric acid, which is used in soft drinks and detergents. In exchange for the plea agreement, ADM gains immunity against charges of alleged collusion in the sale of high-fructose corn syrup, according to reports the Wall Street Journal. The corn-syrup case was thought to be the most significant...
...recent weeks, the grand jury has subpoenaed possible evidence of collusion from agribusiness behemoths Cargill, CPC International and A.E. Staley. The products in question: high-fructose corn syrup, a sweetener found in everything from Coca-Cola to cake; lysine, an amino acid used in feeding poultry and hogs; and citric acid, which adds tartness to jams and jellies, among many other uses. Some experts speculated that investigators are focusing on the possibility that ADM set predatory--meaning artificially low--prices on lysine, which Whitacre's BioProducts Division produces. That might help explain how ADM grabbed a 50% share...
...third less expensive than fast-food counterparts. And though there are minor differences in preserving, cooking and packaging techniques, both companies follow roughly the same procedures. Chickens are injected with water (Holly Farms) or broth (Perdue), along with seasonings and such preservatives as dextrose, sodium phosphate, malic or citric acid; many of the Farms products also contain vegetable or coconut oil. Though several samples from both processors were bloody, the meat is generally cooked until well done to kill bacteria...
...happily trashy youth: prom dress, beehive hairdo and the Association crooning Cherish. But there is enough sweet irony in her voice to suggest that she has looked into the face of her teenage pal Andie (Molly Ringwald) and seen just why the Fountain of Youth is laced with citric acid. Teenhood is the pits. Faces are constantly aflush with anger, ardor, embarrassment. Anguish over dates and grades streaks the first application of mascara. Clique rivalries make the Iran-Iraq war seem congenial by comparison. Emotions newly discovered are unique and convulsive. She loves me! Life hates me! How anyone endures...