Ground beef recall expands as E coli linked illnesses rise
ConAgra recalls 354000 pounds of fresh and frozen ground beef nationwide over E coli concerns, with Hy Vee and Perishable Distributors of Iowa receiving portions. Officials confirm 16 to 17 illnesses in Colorado linked to tainted meat and note up to 19 million pounds produced between April 12 and July 1. Veneman calls the move precautionary while investigation at the Greeley plant continues.
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Colorado
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Elsa Murano
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Hudson Foods
Columbus
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Dow Jones slides as crime fears, inflation fade, hit stocks
The Dow Jones index drops nearly 400 points amid ongoing worries over corporate fraud and lax earnings reporting. Analysts cite activist calls and President Bush’s pledge to crack down, while inflation remains tame and the Fed eyes rate stability into 2003. Gold gains as investors seek defense. Major blue chips fall. Procter & Gamble, 3M, Merck, and Microsoft slide on earnings outlook and sector weakness.
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U.S
Federal Reserve
Mark Witner
First Union/Wachovia
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