City of Industry, CA --(www.USEquityNews.com)-- 10/30/2007 - Consumer Goods industry alert provided by U.S. Equity News. The Conference Board, a nonprofit that puts out reports aimed at helping businesses improve their performance and help society, announced recently that Douglas R. Conant is the new chairman of its board of trustees. Conant is the president and CEO of Campbell Soup Co. (NYSE: CPB). In that job, he presides over a company that has revived its famous condensed soup line after a period of stagnation.

Kellogg Co (NYSE: K) reported a 9 percent rise in quarterly profit recently but forecast 2008 earnings below Wall Street estimates due to higher commodity costs and expenses for reinvesting in its business. Shares of the world's biggest maker of breakfast cereal fell 4 percent following the announcement. Like many food companies, the maker of Frosted Flakes cereal, Eggo waffles and Keebler cookies has been hit by soaring prices on wheat and other ingredients, employee benefits and fuel. It also boosted spending on advertising.

Food maker Kraft Foods Inc. (NYSE: KFT) said recently it will buy the cookie and cereal division of french food giant Groupe Danone SA for about 5.3 billion euros ($7.64 billion) in cash. Kraft first made the offer for the company's global biscuit business in July. The acquisition will give Kraft a bigger international foothold while it tries to turn around its finances. Kraft said Danone's works councils had to review the offer before both parties could sign a deal.

NutraCea (OTCBB: NTRZ), a health science company and a world leader in stabilized rice bran (SRB) nutrient research and technology whose products include food supplements and medical foods, which provide health benefits for humans and animals recently announced that it has retained the Financial Relations Board (FRB) for investor relations services and an expanded communications program among the investment community.

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