• MNB had a story earlier this week about the growing popularity of energy drinks, but the Chicago Tribune reports that “health experts say parents should be concerned about the effects of energy drinks because youngsters can be more sensitive to caffeine than adults, and studies on some of the drinks' contents, including ginseng and guarana, are still scarce.”
While the data may not exist to this point, analysts say that it seems likely that before long there will be some evidence that energy drinks can be harmful to the young people who are guzzling them.
• Albertsons reportedly has agreed to pay $2 million in fines and restitution in order to settle charges that its stores did not subtract the weight of packaging when charging customers for deli, seafood and bulk food items. The suit was brought by the San Diego City Attorney's Office and the district attorneys of Monterey, Solano and Napa counties.
Albertsons agreed to pay the money without admitting wrongdoing.
• In the UK, the Guardian reports that Tesco has increased its market share to a whopping 31.1 percent, with Wal-Mart’s Asda Group continuing to cling to second place with 16.4 percent even in the face of tougher competition from Sainsbury, which has 16 percent.
• Kraft announced that it will launch a program that will evaluate unsolicited product ideas submitted by customers, according to the Wall Street Journal, as part of what its CEO, Roger Deromedi calls a move toward “open innovation.”
• Frito-Lay announced that it will change its labeling so that it more prominently establishes the presence of the fat substitute olestra. The move is said to be a way of preventing a lawsuit being filed by the Center for Science in the Public Interest (CSPI) over some complaints that olestra causes intestinal distress.
While the data may not exist to this point, analysts say that it seems likely that before long there will be some evidence that energy drinks can be harmful to the young people who are guzzling them.
• Albertsons reportedly has agreed to pay $2 million in fines and restitution in order to settle charges that its stores did not subtract the weight of packaging when charging customers for deli, seafood and bulk food items. The suit was brought by the San Diego City Attorney's Office and the district attorneys of Monterey, Solano and Napa counties.
Albertsons agreed to pay the money without admitting wrongdoing.
• In the UK, the Guardian reports that Tesco has increased its market share to a whopping 31.1 percent, with Wal-Mart’s Asda Group continuing to cling to second place with 16.4 percent even in the face of tougher competition from Sainsbury, which has 16 percent.
• Kraft announced that it will launch a program that will evaluate unsolicited product ideas submitted by customers, according to the Wall Street Journal, as part of what its CEO, Roger Deromedi calls a move toward “open innovation.”
• Frito-Lay announced that it will change its labeling so that it more prominently establishes the presence of the fat substitute olestra. The move is said to be a way of preventing a lawsuit being filed by the Center for Science in the Public Interest (CSPI) over some complaints that olestra causes intestinal distress.
- KC's View:
