business news in context, analysis with attitude

• ConAgra Foods announced that its third quarter revenue rose to $3.53 billion, up from $2.9 billion a year ago. Q3 net income was $309.1 million, up from $192.6 million a year ago when results were affected by a Peter Pan peanut butter recall.

The company also announced that it was selling its commodities trading group so that it could free operating capital to focus on its core consumer foods business.
KC's View: