Illnesses prompt wide Whole Foods cheese recall
NEW YORK (AP) â¿¿ Whole Foods Market Inc. is recalling Crave Brothers Les Freres cheese in response to an outbreak of a bacterial infection that has sickened people in several states and killed at least one.
Whole Foods says the cheese may be contaminated with Listeria monocytogenes. It was sold in 30 states and the District of Columbia under names including Les Freres and Crave Brothers Les Freres. The company is posting signs in its stores to inform customers about the recall.
Public health officials in Illinois say one resident became sick after eating contaminated cheese in May. Minnesota officials say one elderly person in the state died and another was hospitalized after illnesses linked to the cheese.
Fitch downgrades Egypt's credit ratings
NEW YORK (AP) â¿¿ Fitch Ratings is downgrading Egypt's credit after the country's military overthrew the civilian government, saying the political situation could get worse and further damage the national economy.
The firm says Egypt's political situation could become even more unstable, hurting its economy and its creditworthiness and making it harder for the country to make reforms that are needed to secure International Monetary Fund assistance.
On Wednesday the Egyptian military ousted President Mohammed Morsi and suspended the Islamist-drafted constitution.
China says private banks possible
BEIJING (AP) â¿¿ China on Friday promised sweeping changes to its state-run banking system â¿¿ including allowing the creation of private lenders â¿¿ to support its credit-starved entrepreneurs and curb what regulators worry are growing financial risks.
Analysts including the World Bank say an overhaul of a Chinese banking system that lends little to the private sector is urgently needed to keep economic growth strong. Communist leaders who took power last year have promised to support entrepreneurs who generate new jobs and wealth in China but have yet to make significant changes.