business news in context, analysis with attitude

• The Wall Street Journal this morning reports that “a sharp climb in costs for wheat, dairy and crude oil has forced firms ranging from cereal companies to cheese makers to raise their prices. But while the higher prices have helped keep profits robust, they also run the risk of forcing consumers to buy less or to look for better bargains.”

• In Canada, Sobey’s reportedly has launched a new line of about 100 kids-oriented products in concert with Disney, targeted at kids between the ages of three and 12. Called Compliments Junior Disney, the brand contains no artificial flavors or colors and no added hydrogenated oils.

• New Jersey-based Topps Meat Co. reportedly has recalled more than 150 tons of frozen ground beef products that may be contaminated with the E. coli bacteria.

• Happy Birthday, Pathmark. The company reportedly plans to celebrate the 39th year of its existence with a series of promotions…knowing, of course, that if it is acquired as planned later this year by the Great Atlantic & Pacific Tea Co. (A&P), it won’t be around to celebrate its 40th birthday.
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