| Menu Foods Executive Sold Shares Weeks Before Pet Food Recall
The chief financial officer of Menu Foods sold about half of his stake in the company just three weeks before the company launched its widespread pet food recall, Canadian insider-trading reports indicate. Mark Wiens told the Toronto Globe and Mail that it was a "horrible coincidence" that he sold nearly half his units before the pet food recall. He said he knew of no problems with the company's products until at least a week later. Company spokesman Sam Bornstein said there was "no link whatsoever" between the the timing of the trades and the pet food recall. Wiens sold 14,000 shares on Feb. 26 and 27 for about $90,000. The shares now are worth about $54,000. Pet owners have complained that Menu Foods should have acted more quickly after the first complaints or after it realized it might have a problem in mid-February.
Chocolate jobs melt away; Hershey plant closure an example of ...
At the Hershey factory in Smiths Falls, thousands of visitors for decades have stopped by for a peak into the mysteries of chocolate making.
The plant produces milk chocolate bars, Oh Henry bars, Reese's peanut butter cups and Eat-More bars among other products and a million pounds of milk paste a week, a light chocolate mix that's formed into 40 pound blocks and shipped south of the border to create creamier, tastier products there.
Hershey's Canadian plant, the first chocolate factory the company built outside of Hershey, Pa., has been producing sweets since 1963. It's scheduled to close within three years.
Hershey is moving production to Mexico, which means not only the loss of 400 to 500 jobs in a town of 9,000, but without the free, self-guided tours of factory operations the company now offers, the loss a major local tourist attraction.
Our schools: The real makers of lethal weapons
Soon after the school shootings at Jonesboro, Ark., and Springfield, Ore., were reported, the American media began rounding up the usual suspects: guns and, by implication, the National Rifle Association and the parents who allow their children access to guns. Since then, school killings in the U.S. have become a common occurrence, and both the national media and gun control advocates keep chanting the mantra that access to firearms is the main reason for the killings. The killings, they claim, are a reminder of the terrible price we all pay for the lax gun control laws in our nation. It is interesting to notice, however, that the self-appointed "gun control advocates" are actually "selective gun control advocates." When they talk about gun control, they don't have in mind controlling the guns in the hands of the government, only in the hands of private citizens.
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