Grocery Industry Launches New Initiative to Reduce Consumer Confusion on Product Date Labels | GMA

WASHINGTON, D.C.) In a new industry-wide effort to reduce consumer confusion about product date labels, grocery manufacturers and retailers have joined together to adopt standard wording on packaging about the quality and safety of products.

Currently, more than 10 different date labels on packages – such as Sell By, Use By, Expires On, Best Before, Better if Used By or Best By – can result in confused consumers discarding a safe or usable product after the date on the package.

The new voluntary initiative streamlines the myriad date labels on consumer products packaging down to just two standard phrases. “BEST If Used By” describes product quality, where the product may not taste or perform as expected but is safe to use or consume. “USE By” applies to the few products that are highly perishable and/or have a food safety concern over time; these products should be consumed by the date listed on the package – and disposed of after that date.

Source: Grocery Industry Launches New Initiative to Reduce Consumer Confusion on Product Date Labels | GMA

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S&P, Dow and Nasdaq post record closes despite French election fears

U.S. equities closed mixed on Friday, but managed another record close, while investors kept an eye on France’s presidential election.

The Dow Jones industrial average closed just above breakeven, with UnitedHealth contributing the most losses and Boeing the most gains.

The S&P 500 closed 0.1 percent higher, with telecommunications outperforming. The telecommunications sector, which had been one of the worst performers for most of Friday’s session, erased losses in afternoon trade. Reuters reported that Japan’s SoftBank Group is prepared to give up control of Sprint to T-Mobile to clinch a merger of the two U.S. wireless carriers.

The Nasdaq composite outperformed, gaining 0.4 percent as the tech sector posted a 13-day winning streak. The indexes also posted weekly gains of more than 1 percent.

Source: S&P, Dow and Nasdaq post record closes despite French election fears

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Pittsburgh company wants to grow, process medical marijuana in McKeesport | Pittsburgh Post-Gazette

Post-Gazette.com – In the new age of medical marijuana in Pennsylvania, McKeesport could be the site of a cannabis cultivation and processing facility that, if approved, likely would be the only one in Allegheny County. The 11-county region that includes Allegheny is limited to only two grower/processor permits, according to the Medical Marijuana Act that passed last April and went into effect in May. McKeesport’s planning commission, during a public meeting this afternoon, is scheduled to discuss a Pittsburgh company’s application for conditional use approval. PurePenn LLC, whose Downtown address is listed as 310 Grant St., Suite 2500 — site of Perlow Investment Corp. — is seeking approval to develop a production and processing facility at 321 Locust St.

Source: Pittsburgh company wants to grow, process medical marijuana in McKeesport | Pittsburgh Post-Gazette

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After acquiring 11 Stanwix, Chicago firm owns side-by-side skyscrapers Downtown | Pittsburgh Post-Gazette

Post-Gazette.com – A Chicago real estate company has landed another high-profile property Downtown. M&J Wilkow, as part of a joint venture with DRA Advisors, completed its acquisition Wednesday of 11 Stanwix St., a prominent 23-story office building that once housed Westinghouse Corp. Marty Sweeney, M&J Wilkow vice president, declined to disclose a sales price. The seller, Munich-based GLL Real Estate Partners, paid $66.6 million for the building in 2011. The price that the new owners paid is believed to be about $81 million. The acquisition gives M&J Wilkow side-by-side skyscrapers overlooking the Monongahela River. The firm also owns the 22-story 20 Stanwix Street office building directly across from 11 Stanwix.

Source: After acquiring 11 Stanwix, Chicago firm owns side-by-side skyscrapers Downtown | Pittsburgh Post-Gazette

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