Articles in Consumer

A round-up of international news compiled by Anthony Murray FARMERS in Indiana, Ohio and Michegan have launched the Great Lakes Co-operative, a new-generation, value added co-op that will process and market pork products for its members. Last month, the co-op began selling stock to raise $8 million to build its $17m, 66,000 square foot packing plant near South Bend, Indiana. To get started, the co-op received a $120,000 grant from the U.S. Department of Agriculture. ? Co-operative Business ...

THE Co-operative Movement has been praised in the House of Commons by a Conservative spokesman in a debate about the Co-operatives and Community Benefits Societies Bill. Stephen O'Brien, MP for Eddisbury, Cheshire, was made aware of the Bill after being briefed by one of his constituents ? Martin Beaumont, Chief Executive of the Co-operative Group. The Bill, tabled by South Derbyshire Labour MP Mark Todd, will create an asset lock for industrial and provident societies so assets cannot be ...

Banking restrictions THE Reserve Bank of India (RBI) has directed the Secunderabad-based Prudential Co-operative Bank (PCBL) not to grant or renew any loans and advances or make any investment without prior written approval. Under the order, the bank can allow withdrawal of up to Rs 1,000 (approx. £ 13.57) of savings or current accounts. ? Indian Express, India Arrests in fraud case In a major breakthrough, the Andhra Pradesh crime investigation department (CID) on Saturday arrested the ...