December 23, 2005 |
ConAgra Foods Inc., the third-largest U.S. food company, said profit plunged 32% in its fiscal second quarter as sales fell and fuel and packaging costs rose. Net income dropped to $163.1 million, or 31 cents a share, in the three months ended Nov. 27 from $239.6 million, or 47 cents, a year earlier, Omaha-based ConAgra said. Sales fell 5% to $3.81 billion. ConAgra's profit has declined in five of the last six quarters.
February 17, 2007 |
Dole Fresh Fruit Co. recalled several thousand cartons of imported cantaloupes Friday after the fruit tested positive for salmonella. The recall, which covers the eastern United States and the Canadian province of Quebec, is the second sparked by salmonella fears this week. On Wednesday, ConAgra Foods Inc. recalled its Peter Pan brand and certain batches of Wal-Mart Stores Inc.'
October 12, 2007 |
ConAgra Foods Inc. recalled all its Banquet potpies and store brand varieties Thursday after the products were linked to a nationwide salmonella outbreak. The company included beef potpies in the recall after initially saying only its chicken and turkey potpies should not be eaten. ConAgra issued a consumer alert Tuesday and asked stores nationwide to stop selling the poultry potpies, but stopped short of a recall until Thursday.
February 4, 2004 |
Cereal maker General Mills Inc. said Tuesday that it had received notification from U.S. regulators that it may face charges in connection with its sales practices and related accounting. The Securities and Exchange Commission's Wells notice relates to an inquiry that General Mills disclosed in October, the Minneapolis-based company said. Chief Executive Steve Sanger and Chief Financial Officer James Lawrence are included in the notice and also could face charges.
October 10, 2006 |
Harley-Davidson Inc. is selling a new source of fuel, one that goes into mouths instead of gas tanks and comes in flavors including teriyaki and pepper. The iconic motorcycle maker is joining forces with one of the largest U.S. packaged-foods companies, Omaha-based ConAgra Foods Inc., to sell beef jerky and tap into the growing meat-snack business. It's the first time that Milwaukee-based Harley-Davidson has lent its name and black-and-orange logo to a food product.
December 17, 2007 |
This week's data on investment bank earnings, the housing downturn and inflation will help investors decide how the economy and corporate America are faring as they head into the new year. Wall Street hit a few snags last week: The tools in the Federal Reserve's arsenal look as if they may not be sufficient to battle the credit crisis, and inflation appears to be accelerating. Last week, the Dow ended 2.1% lower, the Standard & Poor's 500 index finished down 2.
September 25, 2001 |
A labeling mix-up that could pose a danger to people with dairy allergies is prompting the recall of 3,000 pounds of Fleischmann's margarine sold in 19 states. Fleischmann's Original stick margarine was labeled Fleischmann's Unsalted stick margarine. The original contains whey, which could trigger a serious, even life-threatening, reaction for those with dairy allergies. The Food and Drug Administration said two consumers have reported reactions.
December 22, 2006 |
Food makers General Mills and ConAgra reported solid second quarters and raised their guidance Thursday, and Wall Street greeted them like comfort food on a cold winter day. Shares of both companies gained nearly 2% in a falling stock market. ConAgra Foods Inc. had the most sizzle. Quarterly profit jumped 44% as the maker of the Healthy Choice and Chef Boyardee brands sold off a meats business sooner than expected, cut costs and got better results from its advertising. General Mills Inc.
September 20, 2004 |
Today * Treasury Secretary John W. Snow speaks at the National Press Club. * Treasury bill auction. * Trial begins for Larry Stewart, a Secret Service ink expert accused of lying on the witness stand while testifying for the government at Martha Stewart's trial. * Jury selection begins in the first Enron Corp. criminal trial. Four former Merrill Lynch & Co. executives and two former mid-level Enron executives are charged with conspiracy.