Events

FDI-NASFT Announce Plans For Cooperative Initiative
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.
Sara Lee Corporation Increases Earnings Guidance Based On Adoption of New Accounting Standards
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.

Federal Court Finds USDA Failed to Apply Sound Science, Proper Documentation on Import Decision

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).
National Restaurant Association Meets on Capitol Hill to Convey Industry's Concerns

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 Richard S. Braddock Cancels Stock Sale

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.
Supermarket Sales Rise in Wake of Terrorist Attacks

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.
ConAgra Foods Reports Strong Results, Progress With Year's Key Initiatives

ConAgra Foods, one of the world's largest packaged food companies, reported record first quarter sales and earnings for the period ending August 26, 2001.
Progressive Grocer and Supermarket Business Honor Industry's Efforts

Progressive Grocer and Supermarket Business would like to offer our thanks to the supermarket companies who are contributing to the relief efforts in New York and Washington.
The Pepsi Bottling Group Names John T. Cahill CEO

The Pepsi Bottling Group on Wednesday announced that its Board of Directors has elected John T. Cahill, 44, CEO. The Board also approved the promotion of Eric J. Foss, 43, to president of PBG North America.
United President Makes Statement on Produce Industry's Response to National Tragedy

United Fresh Fruit & Vegetable Association President and CEO Tom Stenzel made a statement on Monday thanking the produce industry for its support to victims of last week's tragic events.

FDI-NASFT Announce Plans For Cooperative Initiative

Sara Lee Corporation Increases Earnings Guidance Based On Adoption of New Accounting Standards

Federal Court Finds USDA Failed to Apply Sound Science, Proper Documentation on Import Decision

National Restaurant Association Meets on Capitol Hill to Convey Industry's Concerns

Priceline.com Chairman Richard S. Braddock Cancels Stock Sale

Supermarket Sales Rise in Wake of Terrorist Attacks

ConAgra Foods Reports Strong Results, Progress With Year's Key Initiatives

Progressive Grocer and Supermarket Business Honor Industry's Efforts

The Pepsi Bottling Group Names John T. Cahill CEO

United President Makes Statement on Produce Industry's Response to National Tragedy