Target Seeks to Add Meat Warning Labels
WASHINGTON (AP) — Target Corp. said Tuesday it was working to add labels that warn consumers when meat is treated with carbon monoxide to make those steaks and chops look fresh as federal regulators faced criticism for allowing a practice that critics call unsafe.
Hormel Foods Corp. and Cargill Inc. also announced they would be willing to add similar labeling if necessary.
"Hormel will comply with any labeling of this product that is determined to be necessary and fair through the legislative or regulatory process," Jeffrey Ettinger, Hormel's chief executive, said during a House hearing.
The meat industry for years has typically used carbon monoxide in packages to help meat retain its red color, with approval by the Food and Drug Administration and the Agriculture Department. But consumer advocates say the practice misleads people by making meat look fresh long after its expiration date.
Target downgraded at Merrill Lynch, shares down in premarket
NEW YORK, Nov. 14, 2007 (Thomson Financial delivered by Newstex) -- Target Corp. (NYSE:TGT) was downgraded Wednesday to neutral from buy at Merrill Lynch (NYSE:MER) (OOTC:MERIZ) , which cited a reduced chance of a sale of its credit card business and eroding retail margins.The discount retailer's stock was down 0.2% at $59.50 in premarket trading, despite indications that the broader market will open sharply higher.
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