business news in context, analysis with attitude

HealthDay News reports on new research done by Brigham and Women's Hospital in Boston suggesting that “that a nutrient in red meat, poultry and dairy products may contribute to the development of intestinal polyps, which can lead to colon cancer.

“The study, which involved women only, was preliminary, and no one is yet suggesting a change in diet as a result.”

However, as the story notes, health officials already “recommend that people prevent colon cancer by eating a lot of fiber along with fruits and vegetables. Red meat, meanwhile, is thought to increase risk.”

• Have a taste for chocolate? There may be plenty on the market soon, as the Campbell Soup Co. reportedly is “exploring strategic alternatives” for its Godiva Chocolatier brand – which means the company is on the sales block. Analysts tell the Wall Street Journal that the company probably would fetch between $750 million and $1 billion; Godiva generates annual sales of about $500 million.

• ConAgra has announced that it will return its Peter Pan peanut butter, implicated in a salmonella contamination case that sickened some 600 people, to supermarket shelves this September, and will be offering a money-back discount.

The company reportedly has spent more than $15 million to clean up the Georgia plant that made the contaminated peanut butter.

•The Great Atlantic & Pacific Tea Co. said yesterday that it has promised the Federal Trade Commission (FTC) that it will not close on its $679 million acquisition of Pathmark Stores until at least September 25, as the FTC continues to evaluate the deal on competitive grounds.

• Another blow for Chinese exports, as the Associated Press this morning reports that some 255,000 Chinese-made tires sold in the US are being recalled because “they lack a safety feature that prevents tread separation.”
KC's View:
No doubt about it. “Made in China” is becoming the ultimate warning label.