Off the yuck stigma and attracting valueconscious customers. And its the popularity of private label food thats behind the tasty conagraralcorp deal. Private label, otherwise known as store brands, is gaining traction with retailers and shoppers. In fact, store brands have been growing faster than branded food for some time, and we expect that to continue. Reporter it might be hard to believe, but store brands now account for about a fifth of all packaged foods sold in the u. S. , and at 70 billion, were talking big business. Conagra is known for name brands like pam, slim jim, and reddi whip, and it also makes some private label goods. Ralcorp is the top manufacturer of growing store brand categories such as cereal and pasta, and it supplies Companies Like walmart and mcdonalds. Together, conagra and ralcorp could become a private label powerhouse. And they might actually make store brand food thats good to eat. With this acquisition, what conagra can do that perhaps ralcorp couldnt i
Ralcorp. Conagra is paying 5 billion to buy private label food giant ralcorp. That works out to 90 a share, a nearly 30 premium to ralcorps Closing Stock price on monday. The deal will make conagra the largest manufacturer of private label foods. Suzanne pratt takes a look at whats become a booming business. Reporter it used to be consumers would buy private label products to clean their bathrooms or wash their clothes. Lately, however, theyre eating them, too. From sodas to peanut butter, private label brands are shaking off the yuck stigma and attracting valueconscious customers. And its the popularity of private label food thats behind the tasty conagraralcorp deal. Private label, otherwise known as store brands, is gaining traction with retailers and shoppers. In fact, store brands have been growing faster than branded food for some time, and we expect that to continue. Reporter it might be hard to believe, but store brands now account for about a fifth of all packaged foods sold i
For europe and american investors. Tom and its givng tuesday, a new effort to add charity to your gift list this holiday season. Susie that and more tonight on nbr tom a lengthy courtship finally resulted in the marriage today between Conagra Foods and ralcorp. Conagra is paying 5 billion to buy private label food giant ralcorp. That works out to 90 a share, a nearly 30 premium to ralcorps Closing Stock price on monday. The deal will make conagra the largest manufacturer of private label foods. Suzanne pratt takes a look at whats become a booming business. Reporter it used to be consumers would buy private label products to clean their bathrooms or wash their clothes. Lately, however, theyre eating them, too. From sodas to peanut butter, private label brands are shaking off the yuck stigma and attracting valueconscious customers. And its the popularity of private label food thats behind the tasty conagraralcorp deal. Private label, otherwise known as store brands, is ining traction wit
He is busy. Your weather watchers are busy. Epfully San Francisco. Sal is getting the same responses. There is a lot of drizzle out there. A big cloud deck. We had high midlevel clouds. They were cool. Everything with that low t translates into cooler temperatures. You are right about that fog and some of the same people have been tweeting me or the drizzle, pardon me. It is wet on the roads. It could be a little trickier. 280 here. It is good. The bridge moderate. Back to the desk. Thank you. We have breaking news a tragedy in oakland. A boy and his fath were child a shooting in oakland. We have a photo of the child. Tell us what you know, tara. Reporter baby andrew those are the cries we heard. And they are grief stricken here. Lets show you a picture of the child were talking about, 1 year old shot and killed her. It was early this morning, along with his father. Someone crept into the backyard of the house here and shot the two. You can see the porch light is on inside of the home.
Uncovered a al qaeda plot to capture oil and gas facities to fire on foreign embassies, the key port. News of the plot breaking a the unitedtates is stepping up its drone attacks there, killing at least 78 terrorists in the southern part of the country. And the broader plot that led to the closings of 19 embassies and facilities in 16 countries still acted tonight was no indicatio that the threats have in any way diminished. Here is ate Department Spokesperson jan saki on the closings and alert. Our Embassy Remains closed, continuing to evaluate all information on a daily basis, but beyond that i do not have an additional update. Were keeping it close to keep r people safe and because we believe the threat remains. Lou the threat remains, as president obama visited Camp Pendleton today, where he once again insisted, we have decimated the leaders of al qaeda, in direct contrast to a daily beast report today saying that the ongoing worldwide security alert is in place beuse the United St