Giant Food Says Customers May Return Stonyfield Organic Fat Free Blueberry Yogurt []
3/30/2008 1:49:04 PM Giant Food, a super markets operator, on Sunday said that following a voluntary recall by Stonyfield Farm, removed from its shelves 6 ounce cups of Stonyfield Organic Fat Free Blueberry Yogurt for the reason that the product may contain plastic and glass fragments.
The product recalled by Stonyfield’s has a UPC code # 0-52159-00044 with product codes printed along the cup bottom, which start with the dates April 13 to 15 and April 25 to 26, 2008.
Giant Food said customers who have purchased the affected products may return them for a full refund.
Herman Miller Signs $0.75 Mln Settlement Pact With New York Attorney General [MLHR]
3/30/2008 1:17:49 PM Zeeland, Michigan-based furniture manufacturer Herman Miller Inc. (MLHR) on March 25, revealed a settlement agreement with the New York Attorney General or NYAG. The settlement relates to an inquiry that began in 2003 over the company’s minimum advertised price program for its home division. While terming the agreement as a pragmatic decision that would help eliminate unnecessary distractions and expenses over the investigation, the company said outside of the agreement, it denied to any wrongdoing.
The inquiry alleged that the division’s program limited retail price competition by barring retailers from advertising furniture at prices below the company’s set price. The investigation was led by the NYAG of the Minimum Advertised Price Program maintained by the Herman Miller for the Home division. The States of Michigan and Illinois also participated in the investigation and settlement.
The company, as per the agreement, would pay $0.75 million, to settle with New York, Michigan and Illinois. The amount had earlier been provided for in the company’s financial statements.
Earlier in mid-March, the company reported a profit of 65 cents per share for its third quarter, which is an increase from 50 cents per share reported for a year-earlier. At the end of the first quarter, the company’s cash & cash equivalents totaled $81.4 million compared to $76.4 million in the year-ago period. The settlement is implemented through a consent decree that was signed by the parties on March 21, 2008 and filed with the United States District Court in New York. The consent decree applies only to Home division and prohibits Herman Miller for the Home from reaching agreements with its retail distributors relating to the Minimum Advertised Price Program until December 31, 2010.

rttnews.com


Tags: ,