Cream of Wheat, Mrs. Butterworth confront race in packaging
Cream of Wheat and Mrs. Butterworth are the latest brands reckoning with racially charged logos. B&G Foods Inc., which makes Cream of Wheat hot cereal, said it is initiating an immediate review of its packaging. A smiling black chef holding a bowl of cereal has appeared on Cream of Wheat packaging and in ads since at least 1918, according to the company's web site. (AP Photo/Donald King)Colgate, Cream of Wheat and Mrs. Butterworth are the latest brands reckoning with racially charged logos. B&G Foods Inc., which makes Cream of Wheat hot cereal, said Wednesday it is initiating an immediate review of its packaging.
Stocks making the biggest moves premarket: Accenture, Conagra, Rite Aid, TiVo & more
Conagra Brands (CAG) Conagra beat estimates by 6 cents a share, with adjusted quarterly earnings of 63 cents per share. Rite Aid (RAD) The drugstore chain reported quarterly profit of 54 cents per share, compared with a consensus estimate of 9 cents a share. Revenue also beat forecasts, with results boosted by better expense control and increased prescription business at Rite Aid pharmacies. TiVo (TIVO) TiVo will merge with technology licensor Xperi (XPER) in a stock-swap deal. Herman Miller (MLHR) Herman Miller beat estimates by a penny a share, with quarterly profit of 88 cents per share.cnbc.com
Udi's original hamburger buns recalled
Conagra Brands is voluntarily recalling a limited quantity of Udi's Classic Hamburger Buns. The company says that small pieces of white plastic may be in some buns after a dough scraper was inadvertently incorporated into the production process. No other Udi's or Conagra Brands products are impacted by this recall. Conagra Brands has told the Food and Drug Administration it is working with customers to ensure the impacted product is removed from store shelves and is no longer distributed. There have been no reports of injuries due to consumption of this product to date.