Business news

  • Follow Business

Kroger won’t sell ‘pink slime’ beef

NEW YORK — Super­market chains Kroger Co. and Stop & Shop said Thursday they will join the growing list of store chains that will no longer sell beef that includes an additive with the unappetizing moniker “pink slime.”

Federal regulators say the ammonia-treated filler, known in the industry as “lean, finely textured beef,” meets food safety standards. But critics say the product could be unsafe and is an unappetizing example of industrialized food production.

The Kroger Co., the nation’s largest traditional grocer, with 2,435 supermarkets in 31 states, also said it will stop buying the beef, reversing itself after saying Wednesday that it would sell beef both with and without the additive.

The chains joined Safeway, Supervalu and Food Lion, among others, which have said they won’t sell beef with the filler.

30-year mortgage rates top 4 percent

WASHINGTON — The average rate in the U.S. on a 30-year fixed mortgage rose above 4 percent for the first time in more than three months. The sharp increase suggests the window to buy or refinance a home at historically low rates is closing.

Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan jumped to 4.08 percent, up from 3.92 percent the previous week. A month ago, it touched 3.87 percent, the lowest since long-term mortgages began in the 1950s.

In other news

MURRAY LENDER, who helped turn his father’s bakery into a national company and is known from promoting Lender’s Bagels in TV commercials, has died. He was 81. Lender died Wednesday at a hospital in Miami from complications from a fall, his wife, Gillie Lender, said.

loading...
Top headlines

Allen has hometown swearing-in

U.S. Rep. Rick Allen returned home to Augusta on Thursday for a ceremonial swearing-in, a platform he used to update his top priorities for his first term in Congress.
Search Augusta jobs