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Bloomberg Business Week reports that the troubled Great Atlantic & Pacific Tea Co. is asking the judge overseeing its bankruptcy to extend its exclusive right to propose a reorganization plan until mid-January 2012. The reason? The company says that 34 separate collective bargaining negotiations with organized labor are at “a critical stage,” and it needs more time.

• The Associated Press reports that Cargill is recalling 36 million pounds of ground turkey “linked to a nationwide salmonella outbreak that has killed one person in California and sickened at least 76 others.

“Illnesses in the outbreak date back to March and have been reported in 26 states coast to coast.”

According to the story, “Cargill said Wednesday that it is recalling fresh and frozen ground turkey products produced at the company's Springdale, Ark., plant from Feb. 20 through Aug. 2 due to possible contamination from the strain of salmonella linked to the illnesses. Company officials said that all ground turkey production has been suspended at the plant until the company is able to determine the source of the outbreak.”

• The Wall Street Journal reports that Anheuser-Busch InBev “is redesigning the Budweiser can for the first time in a decade, seeking to reinvigorate sales of the storied brew. The company unveiled a new, bolder look Wednesday that makes the Budweiser ‘bow-tie’ symbol the centerpiece of the label and goes much heavier on the color red than previous versions ... The company said the new packaging will hit U.S. stores this summer and will roll out in overseas markets later this year.”
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