Daily Briefing

daily briefing

April 25, 2009

McCormick recalls mislabeled seasoning

Sparks-based spice maker McCormick & Co. said Friday that it is voluntarily recalling Lawry's Fajitas Spices & Seasonings packages because they contain milk ingredients that aren't listed on the packages. People with milk allergies run the risk of serious or life-threatening allergic reactions if they consume the seasonings. The packages included in the recall have the UPC Code 2150022500 and a "best if used by" date of OCT0110PX62. The seasonings were distributed to grocery stores nationally beginning Oct. 17. The product is available in 1.27-ounce pouches, and the date code is found printed in black on the back, bottom center of the pouch. No illnesses or allergic reactions have been reported.

Andrea K. Walker

New flooring firm to create 45 jobs

Chicago-based flooring company Luna said it will open its first Baltimore-area location in Rosedale on May 4, bringing 45 jobs in sales, installation and administration. Luna offers in-home shopping for carpet, hardwood and laminate flooring.

Lorraine Mirabella

Grace wants judge to decide Mont. case

W.R. Grace & Co. and five former executives asked a judge to end the biggest environmental-crime trial in U.S. history, contending that prosecutors didn't prove they broke the law and that the government committed misconduct that irreparably tainted the case. Columbia-based Grace and the former executives asked U.S. District Judge Donald Molloy in court filings this week in Missoula, Mont., to take the case away from a jury that has been hearing evidence since February and find them not guilty. The company is accused of conspiring to endanger the residents of Libby, Mont., by exposing them to asbestos-contaminated vermiculite.

Bloomberg News

Regulators seize Fla. credit union

Florida banking officials took control on Friday of Eastern Financial Florida Credit Union in Miramar, South Florida's largest credit union. Eastern Financial, started in 1937, remains open for business, said Linda Charity, a spokeswoman for the state Office of Financial Regulation. The National Credit Union Administration has appointed Space Coast Credit Union of Melbourne to temporarily manage Eastern Financial's day-to-day operations. All Florida credit union members benefit from National Credit Union Administration deposit insurance coverage at least up to $250,000 per institution.

Tribune Newspapers

4 more banks seized, making total 29 in '09

Regulators shut down four more banks Friday, boosting the number of failures this year to 29 - more bank closures than in all of last year. The latest banks seized were American Southern Bank in Georgia, Michigan Heritage Bank, First Bank of Idaho and First Bank of Beverly Hills in California. The Federal Deposit Insurance Corp. will continue to insure deposits at American Southern, Michigan Heritage and First Bank of Idaho. The FDIC will pay out the insured deposits of First Bank of Beverly Hills. Regular deposit accounts are insured up to $250,000. The failures have sapped billions from the deposit insurance fund. It stands at its lowest level in nearly 25 years.

Associated Press

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