Dietz & Watson has a cleaning regimen designed to keep bacteria at bay. While the stringent quality control increases the plant's costs, the company says "it's well worth every penny." The company, which has 800 employees and more than $150 million in annual sales, has never had a recall.
Spending on Internet advertising is projected to rise to about $6.7 billion in 2003, up from about $6.4 billion in 2002, according to a study by eMarketer. Online ad spending will continue to rise at least through 2005, when it is expected to hit $8.1 billion, the study says.
Analysts say the adjustment is not expected to be significant, and a company official called the move "shifting some numbers around." The restatement will affect fiscal years 1999 through the first two quarters of 2002, and would involve less than $100 million in adjustments.
European environment ministers agreed on traceability rules for biotech foods. Under the new rules, shippers will provide a list of all biotech ingredients present at its point of departure. Additionally, the ministers agreed that foods containing more than 0.9% biotech ingredients must be labeled.
Union workers at the South Baltimore Domino Sugar plant are striking against the company's proposal to scrap two paid holidays and change pension plans and health care benefits. The strike marks the first public sign of uneasy relations between workers and American Sugar Refining, the plant's owners since November 2001.