CONA­GRA TO PAY $11.2M OVER TAINTED PEANUT BUT­TER

The Denver Post - - BUSINESS - The As­so­ci­ated Press

A ConA­gra sub­sidiary pleaded guilty Tues­day and agreed to pay $11.2 mil­lion — in­clud­ing the largest crim­i­nal fine ever imposed for a food­borne ill­ness in the United States — to re­solve a decade-long crim­i­nal in­ves­ti­ga­tion into a na­tion­wide sal­mo­nella out­break blamed on tainted peanut but­ter.

ConA­gra ad­mit­ted to a sin­gle mis­de­meanor count of ship­ping adul­ter­ated food. No in­di­vid­u­als at the lead­ing food conglomerate faced any charges in the 2006 out­break, which sick­ened at least 625 peo­ple in 47 states.

Dis­ease de­tec­tives traced the sal­mo­nella to a plant in ru­ral Sylvester, Ga., that pro­duced peanut but­ter for ConA­gra un­der the Peter Pan la­bel and the Great Value brand sold at Wal­mart. In 2007 the com­pany re­called all the peanut but­ter it had sold since 2004.

Reg­u­la­tors slap curbs on Wells Fargo for “liv­ing will” plan. Fed­eral reg­u­la­tors

have slapped re­stric­tions on Wells Fargo, find­ing that the big bank failed to ad­e­quately plug holes in the plan it would de­ploy if it fell into bankruptcy.

The move an­nounced Tues­day by the Fed­eral Re­serve and the Fed­eral De­posit In­sur­ance Corp. added to the trou­bles of Wells Fargo. The bank has been gripped by a scan­dal over sales prac­tices that brought nu­mer­ous fed­eral and state in­ves­ti­ga­tions, the res­ig­na­tion of its CEO and pub­lic out­rage.

The reg­u­la­tors’ ac­tion re­lated to the bank’s so­called “liv­ing will” plan is un­re­lated to the scan­dal over the open­ing of mil­lions of unau­tho­rized ac­counts by bank em­ploy­ees. The ac­tion bars Wells Fargo from set­ting up new in­ter­na­tional bank­ing busi­nesses or buy­ing any non­bank sub­sidiaries.

San Fran­cisco-based Wells Fargo was the only one of five ma­jor banks that failed to meet the reg­u­la­tors’ six-month dead­line, set in April, for get­ting their in­suf­fi­cient dis­as­ter plans in shape.

Ja­panese brewer Asahi to buy East Europe beer brands for $7.8 bil­lion.

Ja­panese brewer the Asahi Group said Tues­day it plans to buy five beer brands in East­ern Europe for $7.8 bil­lion.

Asahi said Tues­day that the beer brands in the Czech Repub­lic, Slo­vak Repub­lic, Poland, Hun­gary and Ro­ma­nia were owned by SABMiller be­fore it was ac­quired re­cently by Bel­gium-based An­heuserBusch InBev, maker of Bud­weiser, Corona and Stella Ar­tois.

Ja­panese com­pa­nies like Tokyo-based Asahi have been ag­gres­sively ex­pand­ing over­seas as their home mar­ket shrinks.

Google’s self-driv­ing car project gets new name: Waymo. The self-driv­ing

car project that Google started seven years ago has grown into a com­pany called Waymo, sig­nal­ing its con­fi­dence that it will be able to bring robot-con­trolled ve­hi­cles to the masses within the next few years.

In­stead of driv­ing them­selves and hav­ing to find a place to park, peo­ple will be chauf­feured in robot­con­trolled ve­hi­cles if Waymo, au­tomak­ers and Uber re­al­ize their vi­sion. Waymo’s name is meant to be short­hand for “a new way for­ward in mo­bil­ity.”

The com­pany will op­er­ate within Google’s par­ent com­pany, Al­pha­bet.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.