- Winn-Dixie has been hit with a class action suit foiled on behalf of investors who charge that the company failed to disclose financial problems.
The lawsuit suggests that even though Winn-Dixie was suffering from substantial long-term business and financial problems, the company obscured those issues and said that it was successfully executing its sales and marketing plans.
- Mexico reportedly has partially lifted its ban on U.S. beef imports, which had been imposed after the discovery last December of the first case of mad cow disease on US soil.
The decision affects boneless cuts from animals less than 30 months old and veal from animals less than nine months old.
- Nash Finch Co. reportedly has laid off about 70 employees, as well as shifting some full-time workers to part-time status, The company said it was looking to reduce costs while building sales as it competes with both Wal-Mart and Costco.
- The Seattle Times reports that Larry's Markets will create a private label brand of fair trade coffee in concern with local coffee roaster Caffè Appassionato.
- Dow Jones reports that Nestle SA plans to eliminate about 1,000 jobs in a move to improve profitability. However, the company says that contrary to rumors, it has no plans to sell its Perrier brand.