Despite the fanfare over the criminal probe of one of the largest product recalls ever, no one has yet been charged in the salmonella outbreak caused by contaminated peanuts.
At the height of the nationwide salmonella outbreak nearly a year ago, FBI agents raided two peanut plants and carried away boxes of evidence. FDA inspectors found roaches, mold and a leaky roof. Then, Congress revealed e-mails from the peanut company's top executive that seemed to suggest the pursuit of profits over ensuring public safety.
Thursday, 5 Nov 2009 | Source: The Associated Press
The recession has had a major impact on how consumers shop but also how retailers draw them in and a major factor has been price. Food companies and grocers have tried to compete with lower prices, which has been complicated by massive fluctuations in the commodity prices for the ingredients that go into food. Striking the right balance of pricing for sales versus hurting revenue has been a struggle for the food makers and retailers. Sara Lee Corp. Chairman and CEO Brenda Barnes discusses the issue with investors on a conference call Thursday:
Thursday, 5 Nov 2009 | Source: The Associated Press
Sara Lee Corp., with leaner operations and more profitable product line, reported that its first-quarter profit jumped 23 percent and raised its outlook for the year.
Tuesday, 3 Nov 2009 | Source: The Associated Press
Sara Lee Corp. reports earnings for its fiscal first quarter on Thursday before the market opens. The following is a summary of key developments and analyst opinion related to the period.
Tuesday, 3 Nov 2009 | Source: The Associated Press
Unilever NV, the maker of consumer products such as Dove soaps and Ben & Jerry's ice cream, reports earnings for its third quarter before the market opens Thursday. The following is a summary of key developments and analyst opinion related to the period.
Stocks advanced Wednesday as investors got some much-needed good news on the economy, including a report that showed existing-home sales — and home prices — have started to rise.
Futures indicated a slightly higher open for the U.S. stock market Wednesday, following the previous day's losses of roughly 1 percent, ahead of the Federal Reserve policymakers' issuance of their latest economic pronouncements at about 2:15 p.m. New York time.
October retail sales generally positive, not as robust as last month, but we don't have the back to school stimulus that we had last month... Read More
All major US indices break four weeks of consecutive gains, closing to the downside on Friday, after a drop in consumer sentiment data in August.... Read More