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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Jul 12, 2008

Page

20

USDA to name retailers in meat recall notices

The Agriculture Department plans to post retailer names on its Web site during Class I meat and poultry recalls after a 30 day phase in. Despite mixed reactions, critics say the rule does not cover all recalls and may mislead consumers about risk levels.

Washington Agriculture Department California Agriculture Edward Schafer Schafer Janet Riley American Meat Institute Rosa DeLauro D-Conn

Rockwell Collins Boosts Earnings Outlook After Strong Quarter

Rockwell Collins posts a solid third quarter with net income up 19 percent to 174 million and EPS up 24 percent to 1.07. The company raises its full year outlook to 4.05 to 4.10 per share as it cites data growth and higher military spending despite oil price pressures.

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Anheuser-Busch closer to InBev buyout offer

The Wall Street Journal reports InBev has raised its bid to 70 per share for Anheuser-Busch. An unnamed source says the St Louis brewer’s board is likely to accept this weekend, signaling a possible deal after days of heated rhetoric.

Anheuser-Busch Board New York Times the Times InBev

Feds promise support for Fannie Mae and Freddie Mac

Treasury Secretary Paulson reassures investors that the government aims to keep Fannie Mae and Freddie Mac intact as they carry out their housing mission. Chairman Dodd cites options including Fed emergency lending to shore up the firms if needed amid market fears.

Washington Treasury Henry Paulson Fannie Mae Freddie Mac Paulson Christopher J. Dodd D-Conn Banking Committee Federal Reserve Ben Bernanke Fed Dodd Wall Street Energy Department White House Bush Oval Office Bernanke and Paulson Bernanke Capitol Hill

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