According to the Washington Times, “Fruit sold at Costco, Trader Joe’s, Wal-Mart and Kroger groceries has been subjected to a voluntary recall by the Wawona Packing Co., after authorities found evidence that the produce may have been contaminated with Listeria monocytogenes.”
The U.S. Food and Drug Administration (FDA) is uncovering details regarding the latest trend in dietary supplements: powdered caffeine. News of the May 27 death of an Ohio teen due to a lethal dose of the substance has the organization on watch.
The Irish Dairy Board (IDB), an organization responsible for supplying and distributing 60 percent of Ireland’s dairy products, hopes to strengthen its current reach to more than 100 countries with its recent launch of a Wisconsin, U.S. cheese plant.
Premiere Inc., a major U.S. healthcare supplier, is extending reach. This company announced that it now has an increased capital borrowing limit, as well. Premiere Inc. secured $750.0 million in funds that the company plans to use to help further expand its business.
According to a report by Forbes, “Global healthcare major Abbott Laboratories has agreed to acquire Russian pharmaceutical company Veropharm for between 13.6 billion and 17 billion rubles ($395 million – $495 million) in an all-cash deal. Veropharm is one of the leading generic drug manufacturers in Russia and the deal is likely to give Abbott…
According to CBS News, “BMW, Chrysler, Ford, Honda, Mazda, Nissan and Toyota will all recall cars at the U.S. government’s request because their air bag inflators could rupture. If that happens, the air bags might not work properly in a crash, and shards from the ruptured system could fly out and cause injury.”
Canadian manufacturing has been consistently low up until April, when Alberta factory sales numbers reached 10.7 percent for a total of $6.6 billion in spending – the best in the country.
Mexican sugar exporting could go sour as officials wait to see whether a petition filed by U.S. sugar producers will affect the industry’s bottom line.
U.S. manufacturers are canceling out global competition and providing a much-needed boost to the American economy with their increase in April production rates. The data show a trend toward a recovering manufacturing sector, as well as a healthy future.
Bad news for Russia all around as Standard & Poor’s downgrades the country’s credit rating to near junk. The Russian economy has not been growing at a rate that would suggest the country will dust itself off from the rating anytime soon.