A proposed $500 million cut in food stamps that would have affected 300,000 families was dropped from a farm and food subsidy measure coming to a Senate committee vote today. The measure is part of a plan to cut $35 billion in spending over the next five years.
Products with damaged packaging are perceived less favorably by consumers, a recent study found. Perception Research Services International also said it found that consumers thought less of the establishment itself and questioned the product's safety and quality even in cases where items were only slightly damaged.
Wal-Mart Stores will set up a $25 million private equity fund to support supply businesses owned by women and minorities over the next five years. A spokeswoman for the company said the move is unrelated to the class-action sex discrimination lawsuit filed in 2001 representing 1.6 million current and former female workers.
University researchers surveyed McDonald's and Subway diners and compared the consumers' perceived caloric intake against their actual intake. In both cases, diners assumed they ate fewer calories than they actually did.
Snack maker Lance says it has won a U.S. Bankruptcy Court auction for former competitor Tom's Foods' assets, pending approval of the sale by the court. Tom's sells snack foods mainly via convenience stores and vending machines.