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Pension adviser says Ernst & Young was aware of Wal-Mart Mexico bribery allegations

May 25- A labor-affiliated pension fund adviser is seeking an inquest into the auditor of Wal Mart Stores Inc, Ernst& Young LLP, accusing the auditing firm of knowing about possible bribery in Mexico long before the retailer disclosed it to U.S. authorities. CtW Investment Group, an adviser to union pension funds holding about 0.15 percent of Wal-Mart's shares,...
Source: Reuters
Why many experts missed this: Cheap oil can hurt US economy

WASHINGTON- If there was one thing most economists agreed on at the start of the year, it was this: Plunging oil prices would boost the U.S. economy. At $2.74 a gallon, the average price of gas nationwide is nearly $1 lower than it was a year ago. Consider what Federal Reserve Chair Janet Yellen said in December: Lower gas prices, Yellen declared, are "certainly good for...
Source: The Associated Press | By: By CHRISTOPHER S. RUGABER, AP Economics Writer
Hampton Creek CEO: Moment to make food biz better  

According to the New York Times, major food companies are turning to Hampton Creek for its powdered egg substitutes as a way to solve the current egg shortage. Insight, with founder and CEO Josh Tetrick.
Source: CNBC.com
UPDATE 3-Wal-Mart urges meat suppliers to curb antibiotic use

CHICAGO, May 22- Wal-Mart Stores Inc is pressing meat, seafood, dairy and egg suppliers to reduce the use of antibiotics, becoming the first large retailer to take such a public stand against the excessive use of drugs in raising farm animals. Wal-Mart, the country's biggest food retailer, is also telling suppliers not to raise animals in gestation crates or in...
Source: Reuters | By: P.J. Huffstutter and Nathan Layne
Low volume, volatility, validation & values: Darst  

David Darst, Independent investment consultant, tracks this week's action into the close.
Source: CNBC.com
$1,397 an hour! Top paid McDonald's workers

Worker pay is taking center stage as protesters push for $15-an-hour minimum wage from McDonald's. USA Today looks at how top executives compare.
Source: USA Today | By: Matt Krantz
Walmart: New animal welfare, antibiotics positions

Walmart U.S. is asking suppliers to "report and take disciplinary and corrective action in cases of animal abuse."
Source: CNBC.com | By: Rebecca Ungarino
Timeline: Key steps among companies in animal welfare

-FEBRUARY 2012: McDonald's Corp. requires its U.S. pork suppliers to outline plans to phase out the use of sow gestation stalls that limit movement. -APRIL 2015: Aramark, the largest U.S. food-service company, says it's eliminating all cages for laying hens by 2020, gestation crates for mother pigs by 2017 and crates for veal calves by 2017. Among other steps, the...
Source: The Associated Press | By: By ANNE D'INNOCENZIO, AP Retail Writer
Yellen: Rates rising in 2015 if economy improves

Fed Chair Janet Yellen predicted moderate growth this year and beyond, explaining that economic headwinds are waning.
Source: CNBC.com | By: Everett Rosenfeld
Wal-Mart urges meat suppliers to curb antibiotic use

CHICAGO, May 22- Wal-Mart Stores Inc is pressing meat, seafood, dairy and egg suppliers to reduce the use of antibiotics, becoming the first large retailer to take a stand against the excessive use of drugs in raising farm animals. Wal-Mart, the country's biggest food retailer, is also telling suppliers not to raise animals in gestation crates or in other...
Source: Reuters | By: P.J. Huffstutter and Nathan Layne