business news in context, analysis with attitude

• The New York Times this morning reports that the US Food and Drug Administration (FDA) is halting “ imports of dairy products and produce from the area of Japan where a nuclear reactor is leaking radiation.

“The F.D.A. said those foods will be detained at entry and would not be sold to the public. The agency previously said it would step up screening of those foods. Other foods imported from Japan, including seafood, will continue to be sold to the public but screened first for radiation.

• The Washington Post reports that stores and restaurants throughout Asia are stopping the sale of Japanese food because of concerns of radiation contamination related to the nuclear reactor accidents in Japan.

In addition, Bloomberg reports that the Japanese government has instructed people living near the stricken nuclear reactors not to drink tap water.

• The Los Angeles Times reports that “investment firm Leonard Green & Partners said in a filing Tuesday with the Securities and Exchange Commission that it was considering buying BJ's Wholesale Club. Leonard Green, which holds 9.3% of BJ's outstanding shares, said it was examining confidential information from BJ's.”

Reuters reports on a new study from - go figure - the National Coffee Association saying that young people are drinking more coffee than ever - 40 percent of 18-to-24 year olds say they drink coffee daily, compared to 31 percent in 2010.

And, the story says, “Daily coffee drinking also increased in 2011 for those aged 25 to 39, to 54 percent of those surveyed from 44 percent last year. Overall, 58 percent of those surveyed said they drank coffee in the past day, up from 56 percent in 2010 but down from 60 percent in 2009.”
KC's View: