Kraft Foods Stocks

Kraft Foods Stocks, Kraft Foods Inc. (KFT) posted fourth-quarter 2011 operating EPS of 57 cents per share, which was in-line with the Zacks Consensus Estimate. However, it went up 23.9% from 47 cents reported in the prior-year quarter.

In fiscal year 2011, Kraft delivered operating EPS of $2.29 per share, in-line with the Zacks Consensus Estimate, while beating the year-ago period by 13.4%.

The results of fourth quarter 2011 exclude the integration program costs of 8 cents per share and spin-off costs of 2 cents per share, while the fiscal 2011 earnings exclude the integration program costs of 28 cents per share and spin-off costs of 2 cents per share. The fourth quarter of 2010 also excludes the integration program costs of 15 cents per share, while the fiscal year 2010 excludes gain from discontinuing operations of 95 cents, acquisition-related expenses and costs of 21 cents, integration program costs of 29 cents and other health care legislation impact of 8 cents per share.

Including the one-time charges, reported earnings were 47 cents per share in the fourth quarter 2011, up 51.6%. However, reported earnings declined 16.7% to $1.99 per share in fiscal 2011.

Management credited the robust sales growth, effective cost management and prudent investments in the company’s iconic brands for strong results in the quarter. Kraft also remained in-line with its long-term growth targets.

Following the strong results, Kraft expects its 2012 operating earnings to grow at least 9%, despite a higher effective tax rate and a 4 percentage point headwind from higher pension costs.

February 2012 Food Recalls

February 2012 Food Recalls, The public warning issued on February 24, 2012 has been expanded to include an additional product and distribution information.

The Canadian Food Inspection Agency (CFIA) and New Food Classics are warning the public not to consume certain Country Morning beef burger product, described below, because the product may be contaminated with E. coli O157:H7.

The affected product, Country Morning brand Beef Burgers, is sold frozen, in a 2.27 kg package bearing the UPC 057316 086624 and one of the following codes: 12861 EST 761, 22861 EST 761, 32861 EST 761 or 42861 EST 761.

The Country Morning Beef Burgers product has been distributed to Co-op and TGP grocery stores in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Northwest Territories, Yukon and Nunavut.

There has been one reported illness associated with the consumption of this product.

Food contaminated with E. coli O157:H7 may not look or smell spoiled. Consumption of food contaminated with these bacteria may cause serious and potentially life-threatening illnesses. Symptoms include severe abdominal pain and bloody diarrhoea. Some people may have seizures or strokes and some may need blood transfusions and kidney dialysis. Others may live with permanent kidney damage. In severe cases of illness, people may die.

The manufacturer, New Food Classics, 1122 International Blvd., Suite 601, Burlington, Ontario is voluntarily recalling the affected product from the marketplace. The CFIA is monitoring the effectiveness of the recall.

For more information, consumers and industry can call one of the following numbers:

New Food Classics at 1-289-398-2009 during business hours, and at 1-647-627-8761 after hours.

CFIA at 1-800-442-2342 / TTY 1-800-465-7735 (8:00 a.m. to 8)(8:Monday to Friday).

For information on E. coli O157:H7, visit the Food Facts web page at: http://www.inspection.gc.ca/english/fssa/concen/cause/ecolie.shtml

For information on all food recalls, visit the CFIA’s Food Recall Report at: http://active.inspection.gc.ca/eng/corp/recarapp_dbe.asp

To find out more about receiving recalls by e-mail, and other food safety facts, visit: www.foodsafety.gc.ca . Food and consumer product recalls are also available at http://www.healthycanadians.gc.ca .

Monterey Bay Aquarium

Monterey Bay Aquarium, Monterey Bay Aquarium  This year, the Blue Ocean Film Festival, presented by the Monterey Bay Aquarium, more than 85 ocean-related films have been chosen to splash in August 1924 to 29 in Monterrey. The festival will bring together films, filmmakers and leaders in research and ocean conservation.

During the film festival, Blue Ocean, events in the oceans will take place in and around Monterey Bay National Marine Sanctuary, including a bathroom on August 24 through the bay between Santa Cruz and Monterey by marathon swimmer Chase Bruckner. The conference includes film industry film underwater and top and instructional video sessions in the sanctuary.

The films will cover 19 categories, three will be released in BLUE.

* “Alone” is a documentary of the dramatic environmental impacts of the south Louisiana coastal ecosystem.

* “Beneath the Blue” star Paul Wesley, Caitlin Wachs and Keith David in a story about scientists dolphins, sonar and espionage.

* “Beautiful Wave”, a drama set in Santa Cruz navigation, stars, Patricia Richardson, Aimee Teegarden, Helen Slater and Lance Henriksen.

Meanwhile, the Disney epic nature documentary “Oceans” also offers an unprecedented look under the sea. “Ultimate Wave Tahiti” with Kelly Slater, surfing mixture of marine science, IMAX 3D screens. “Acid Test”, narrated by Sigourney Weaver, explores the acidification of the ocean with stunning underwater cinematography. “Men of the ocean”, by award-winning cinematographer Bob Talbot, is a fascinating look at the extreme diving. “180 south” is a documentary drama of adventurers retracing environmentalists Yvon Chouinard and Doug Tompkins is life-changing trip to Patagonia 1968.

These films and more of the best in the world of the ocean will be shown in five theaters in Monterey Peninsula. A conference of the film industry and a round of conservation summit to the solid matrix of activities and events. BLUE hold exhibitions of photography, seminars, panels and film making presentations, pitching sessions, film and photography equipment demos, VIP parties and networking events.

Blue Ocean Film Festival sponsor is Monterey Bay Aquarium. For a complete listing of films and registration information, visit: www.blueoceanfilmfestival.org