Events

Fleming has launched a major new National Selling Event for independent retail customers, leveraging Fleming's centralized procurement operation to provide customers bonus deals that provide lower prices on leading national brand products.

In testimony before the U.S. Senate on Wednesday, C. Manly Molpus, president and CEO of the Grocery Manufacturers of America, outlined a four-point plan to strengthen the current food safety regulatory structure rather than embarking upon a "radical restructuring" of the agencies charged with overseeing the U.S. food supply.

Food Distributors International (FDI) and the National Association for the Specialty Food Trade Inc. (NASFT) announced that they have agreed on an initiative to develop strong inter-organizational ties under which FDI will provide services to all of the specialty food organization's members.

CHICAGO--(BUSINESS WIRE)--Oct. 4, 2001--Sara Lee Corporation today announced revised earnings per share (EPS) guidance for its first quarter and full year for fiscal 2002 due to the adoption of new accounting rules concerning the amortization of goodwill and intangibles. The adoption of the new rules will increase net income by approximately $109 million for the full year and increaseEPS by approximately $.13, evenly split during the year.

The U.S. District Court for the Eastern District of California in Fresno found that the USDA acted arbitrarily and capriciously and exceeded its statutory authority when it decided in June 2000 to allow Argentine citrus into the United States, according to Pierre Tada, co-chair of the U.S. Citrus Science Council (USCSC).

Continuing its efforts to mitigate the economic aftermath of the September 11, 2001, terrorist attacks, the National Restaurant Association on Tuesday met with a number of the nation's top elected officials to convey the effect of the tragedies on many of the nation's restaurants and their employees.

Priceline.com chairman and CEO Richard S. Braddock announced on Friday that he has cancelled plans to sell shares of priceline.com stock over the next 12 months and has elected instead to purchase 750,000 additional shares through the exercise of stock options.

The terrorist attacks on the World Trade Center and Pentagon have caused consumers in the Northeast to forego eating in restaurants and return to supermarkets, increasing sales of home meal replacement items and comfort foods.