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Walgreen, Supervalu Restocking Infant Formula After FDA Clears Safety

--Mead Johnson's powdered infant formula deemed safe by U.S. regulators --Formula was pulled as a precaution after an infant who ingested it died from a bacterial infection --Retailer Walgreen and Supervalu say they are in the process of restocking the formula By John Kell Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Walgreen Co. (WAG) and Supervalu Inc. (SVU) said they are in the process of restocking a batch of powdered infant formula that U.S. regulators last week declared to be safe and clear of the bacteria linked to the death of one baby and illness of two others. A handful of retailers last month removed Mead Johnson Nutrition Co.'s (MJN) 12.5-ounce cans of Enfamil powder with the lot number ZP1K7G from shelves nationwide after a 10-day-old Missouri baby who ingested it died from a bacterial infection. The companies took the precautionary step as they awaited testing results from federal health regulators. In a joint statement late Friday, the Food and Drug Administration and the Centers for Disease Control and Prevention said tests of factory-sealed containers of the formula showed no signs of contamination. Wal-Mart Stores Inc. (WMT) said it is currently reviewing and assessing the test results, saying it would work with the FDA, CDC and Mead Johnson to determine the next appropriate step. Representatives from Kroger Co. (KR) and Safeway Inc. (SWY) weren't available to comment on their plans to restock the formula. -By John Kell, Dow Jones Newswires; 212-416-2480; john.kell@dowjones.com

Stock News for Safeway (SWY)
DateTimeHeadline
05/15/201309:15:25U.S. HOT STOCKS FUTURES: HOT STOCKS TO WATCH
05/14/201317:12:30Safeway Increases Quarterly Dividend By 14%
04/30/201309:18:28U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
04/30/201309:00:13U.S. Stock Futures Slip; Earnings, Europe Weigh -2-
04/30/201307:20:52U.S. Stocks Seen Down after S&P Hits New High
03/01/201315:23:20WEEK AHEAD: Supermarkets, Casino Operator to Report Results
02/21/201316:54:38MARKET SNAPSHOT: U.S. Stocks Extend Losses Into Second Day
02/21/201316:09:24MARKET SNAPSHOT: U.S. Stocks Decline As Fed Fuels Pullback
02/21/201314:07:22Correction to Safeway Earnings Story
02/21/201310:30:18Safeway Profit Rises 13% Amid Modest Revenue Growth
02/21/201310:09:11Safeway 4th-Quarter Profit Rose 13% Amid Modest Revenue Growth
02/05/201310:16:52Correction to U.S. Hot Stock Futures Table
02/04/201317:15:54Safeway Names Former J.P. Morgan Executive as Financial Chief
12/17/201219:09:16United Natural Foods Replacing Amerigroup in S&P MidCap Index
12/06/201218:34:28MARKET SNAPSHOT: U.S. Stocks Rise As Cliff Watch Continues
12/06/201214:27:08MARKET SNAPSHOT: U.S. Stocks Swing Up And Down In Cliff Watch
12/06/201211:16:17MARKET SNAPSHOT: U.S. Stocks Fall Slightly; Market On Cliff Watch
12/06/201211:00:08More Early, Special Dividends Set as Fiscal Cliff Looms
11/07/201202:14:57Delhaize Sees Ongoing Tough Trading Conditions
10/15/201208:04:47Supermarket Struggles Persist as Safeway Earnings Disappoint

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