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FDA warns 4 major retailers about failure to quickly stop sales of recalled ByHeart infant formula [CBS News]

Walmart Inc. (WMT)  More Company Research Source: CBS News
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
The U.S. Food and Drug Administration sent letters to leaders at Walmart, Target, Kroger and Albertsons saying the companies continued to sell ByHeart infant formula for days or weeks, despite a Nov. 11 recall of all products in the outbreak that has sickened more than 50 babies in 19 states "As a participant in the supply chain, your firm should take prompt and effective action when notified of a product recall," FDA officials said in warning letters sent to the companies on Dec. 12 and posted online Monday. The formula was found at Target stores in 20 states "well after the recall was initiated," one letter said. In addition, it was sold at a Target store in New Hampshire on Nov. 16, despite an electronic block on the product's sales code, the FDA noted. And at a Target store in Arkansas, single-serve packs of ByHeart formula were promoted with a "Sale!" sign and a $2 discount from Nov. 16 to Nov. 22. Information from state and local health officials said ByHeart formula was [Read more]

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Stockreport

FDA warns 4 major retailers about failure to quickly stop sales of recalled ByHeart infant formula [CBS News]

Walmart Inc.  (WMT) 
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
The U.S. Food and Drug Administration sent letters to leaders at Walmart, Target, Kroger and Albertsons saying the companies continued to sell ByHeart infant formula for days or weeks, despite a Nov. 11 recall of all products in the outbreak that has sickened more than 50 babies in 19 states "As a participant in the supply chain, your firm should take prompt and effective action when notified of a product recall," FDA officials said in warning letters sent to the companies on Dec. 12 and posted online Monday. The formula was found at Target stores in 20 states "well after the recall was initiated," one letter said. In addition, it was sold at a Target store in New Hampshire on Nov. 16, despite an electronic block on the product's sales code, the FDA noted. And at a Target store in Arkansas, single-serve packs of ByHeart formula were promoted with a "Sale!" sign and a $2 discount from Nov. 16 to Nov. 22. Information from state and local health officials said ByHeart formula was [Read more]

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Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
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SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
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High:
Low:
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Low:
%
POST NEWS RANGE
%
PRICE CHANGE

PRICE CHANGE PERCENTAGE


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%

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%

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TICKS

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