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• ConAgra Foods announced that it will sell most of its refrigerated meats business, including the Armour, Butterball and Eckrich brands. A likely suitor is thought to be Sara Lee Corp., which is not commenting on the possibility.

• Nearly 300 retail industry executives, store owners, law enforcement personnel, lawmakers and prosecutors met yesterday in Los Angeles in an effort to curb the $34 billion problem of Organized Retail Theft (ORT).

The one-day seminar, co-hosted by the California Grocers Association (CGA) and the California Retailers Association (CRA), examined the ORT crisis and how it impacts retail industry and law enforcement. Speakers included retailers, law enforcement and local district attorneys who provided information on how theft rings operate and what retailers and law enforcement can do to deter their activities.

CGA and CRA are exploring legislative and regulatory solutions to this escalating security problem, which reportedly is the cause of more than $34 billion in annual losses on a national basis.
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