business news in context, analysis with attitude

• The Wall Street Journal reports that Smithfield Foods, the largest pork producer in the US, is selling a five percent stake in the company for $122 million to COFCO Limited, China's government-owned agricultural-trading company, a deal that the paper says “spotlights China's growing importance in the world meat market.”

• Supervalu-owned Jewel-Osco said this week that it has sold more than one million green reusable shopping bags since it introduced them last August, which it sees a proof positive that shopper concerns for the environment are increasing and becoming part of their ongoing behavior.

KC's View: