The fallout from a tainted pet food scandal hit Menu Foods Income Fund again on Tuesday, when its biggest customer said it would stop buying some of its products in the fourth quarter. The unnamed customer, whose total purchases made up nearly 10.8% of Menu Food's sales volume in 2006, said it would stop buying 'loaf' products from the company beginning Oct. 1, Menu Foods said in a statement. Earlier this year, the same customer said it would stop purchases of other Menu Foods products. "Menu Foods is disappointed in the reaction of this customer to the pet food recall. The intentional tainting of product inputs from a third party supplier in China was a fraudulent act that victimized many pet food manufacturers, customers and consumers," Paul Henderson, Menu's president and chief executive, said in the statement. Menu Foods was one of almost a dozen North American pet food manufacturers that had used vegetable proteins contaminated in China with melamine or related compounds. In March, the company recalled millions of cans of tainted pet food manufactured at two U.S. plants after reports of some animal deaths. Menu Foods' units were down 50, or 16%, at $2.50 on the Toronto Stock Exchange at 2:30 p.m. ET.
(c) Reuters 2007 Tuesday, August 14, 2007
Friday, August 31, 2007
Menu Foods Looses Over China Made Ingredients
Counterfeit drinking water found in Beijing
National Post
BEIJING -- Up to half of the water used in water coolers across China's capital could be "fake," or not as pure as its manufacturers claim, state media said on Tuesday of the latest in a series of health scares. The bogus water was either tap water or purified water of miscellaneous small brands poured into empty barrels sealed with quality standard marks, the China Daily said, quoting Liu Xiaoyun, the Beijing sales manager of a of a bottled water brand.
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Toys "R" Us recalls China-made wooden art sets
By Nicole Maestri
NEW YORK (Reuters) - Toys "R" Us Inc is recalling 27,000 wooden coloring cases that were made in China and sold under its Imaginarium brand because lead was found in the printed ink on the art set's outer packaging and in some watercolor paints. The U.S. Consumer Product Safety Commission, which announced the recall on Thursday, said the 213-piece coloring set includes crayons, pastels, colored pencils and water colors that were packaged in a light tan wooden carrying case.
The printed ink on the outer packaging of the case contains lead, and some of the black watercolor paint contains excessive levels of lead, the agency said. The cases were sold at the toy retailer's stores and on its Web site from October 2006 through August 2007 for about $20. Of the 27,000 cases that were recalled, Toys "R" Us said 8,300 were sold to customers during the recall period.
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