Supervalu Chairman Wayne Sales said the company's repositioning of Jewel stores in the Chicago area is paying off in recovered business and improved customer perceptions but hasn't improved the company's bottom line yet, the
Supervalu, which is undergoing a strategic review including a possible sale of the company, reported today a second-quarter net loss of $111 million, or 52 cents a share, compared with net profits of $60 million, or 28 cents a share, in the year-ago period, Bloomberg said.
Glenview, Ill.-based Mead Johnson Nutrition Co. has been sued for negligence by the families of three babies who allegedly became ill with a rare bacterial infection after consuming the company's Enfamil baby formula, the Associated Press reported.
Kraft Foods Group will begin producing and selling Maxwell House and Gevalia coffee in pods designed to work with Keurig single-serve brewing machines, Reuters said.