Last week, ConAgra Foods Inc. (CAG) announced that it would reduce salt by 20% across its portfolio of food products by 2015. Since 2006, the company has already removed more than 2 million pounds of salt from it products. The company’s commitment builds on ConAgra Foods’ legacy as a leader in helping consumers reduce and control sodium intake.  More than 20 years ago, ConAgra Foods introduced Healthy Choice meals to the marketplace, the first and still the only line of meals in the grocery store to earn the “healthy" label, in part, for meeting the U.S. government’s recommendations for healthy sodium levels.  In fact, the latest HealthFocus Trend Report noted that both interest in and use of lower salt options among primary grocery shoppers has increased dramatically over the past four years. In 2004, 19% of shoppers indicated they used low-sodium products once a week or ...

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Power3 Medical Products, Inc. (OTCBB: PWRM), a leader in neurodegenerative disease and cancer biomarkers and diagnostic tests, announces further international recognition of validity as the company’s President and CSO, Dr. Ira Goldknopf, will deliver an invited Keynote address and chair a session on “Biomarkers and Diagnostics in Personalized Medicine (Track 6-4),” at the BIT Life Sciences 2nd International Congress and Expo of Molecular Diagnostics in Beijing, China, November 19-21, 2009. The Theme of the meeting is “New Leadership of

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Levi & Korsinsky is investigating the Board of Directors of I-Flow Corp.  (NasdaqGM: IFLO) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Kimberly-Clark Corp. Under the terms of the agreement, I-Flow shareholders will receive $12.65 in cash for each share of I-Flow common stock they own for a total transaction value of approximately $276 million.

Premiere Global Services, Inc. (NYSE: PGI), a global provider

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Last week, ConAgra Foods Inc. (CAG) raised its regular quarterly dividend by a 1 cent to 20 cents based on encouraging results for the first quarter of fiscal year 2010. The company has decided to pay the dividend on Dec. 1 to shareholders of record Oct. 30. During the quarter, earnings excluding one-time items were 38 cents compared to 27 cents in the year-ago quarter. This was the above Zacks Consensus Estimate of 33 cents. Total revenue was $2,961 million from $3,052 million in the year-ago quarter. The Consumer Foods segment posted sales of $1,860 million, up 1% year over year. Operating profit came to $250 million, up from $186 million in the last-year quarter. This segment accounted for 63% of total revenue in the first quarter. Sales in the Commercial Foods segment were $1,101 million, down 9% from the first quarter of fiscal year ...

Today before the market opened, ConAgra Foods, Inc. (CAG) reported encouraging results for the first quarter FY2010 ended August 30, 2009. Earnings excluding one-time items were 38 cents per share, compared to 27 cents in the year-ago quarter. It was the above Zacks Consensus Estimate of 33 cents. Total revenue was $2,961 million from $3,052 million in the year-ago quarter. The consumer foods segment posted sales of $1,860 million, up 1% year over year and operating profit of $250 million, up from $186 million in the last year quarter. It accounts for 63% of the total revenue in the first quarter. Sales for the commercial foods segment were $1,101 million, down 9% from the first quarter of FY2009. The sales decline was the result of lower flour prices resulting from lower underlying wheat costs. The segment's operating profit was $141 million, 5% above the same ...

In an effort to expand beyond online media, Sapient Corp. (SAPE) announced plans to acquire advertising agency Nitro Group LLC for a consideration of about $50 million.

Shares of this Zacks #3 Rank ("Hold") stock have climbed almost 6% so far today on higher-than-normal volume of approximately 1.4 million, against the average daily volume of about 1.0 million.

New York-based Nitro boasts of major clients such as ConAgra Foods Inc. (CAG), Nike Inc. (NKE) and Foot Locker Inc. (FL). The company recently won an award for its popular "best job in the world" campaign for Tourism Queensland.

Explaining the rationale behind the acquisition, Sapient's executive director Gaston Legorburu said, "Clients want a fully integrated, strategically led and digitally enabled agency."

Sapient, which will pay through a combination of cash and stock, expects the deal to be complete by early July.

"SAPE" Free Stock ...

In an effort to expand beyond online media, Sapient Corp. (SAPE) announced plans to acquire advertising agency Nitro Group LLC for a consideration of about $50 million.

Shares of this Zacks #3 Rank ("Hold") stock have climbed almost 6% so far today on higher-than-normal volume of approximately 1.4 million, against the average daily volume of about 1.0 million.

New York-based Nitro boasts of major clients such as ConAgra Foods Inc. (CAG), Nike Inc. (NKE) and Foot Locker Inc. (FL). The company recently won an award for its popular "best job in the world" campaign for Tourism Queensland.

Explaining the rationale behind the acquisition, Sapient's executive director Gaston Legorburu said, "Clients want a fully integrated, strategically led and digitally enabled agency."

Sapient, which will pay through a combination of cash and stock, expects the deal to be complete by early July.

"SAPE" Free Stock ...

Stellar Pharmaceuticals Inc., a Canadian pharmaceutical developer and marketer of high quality, cost-effective products for select health care markets, yesterday announced that Mr. Martin Thrasher has joined the company’s board as a new director.

A seasoned international executive, Mr. Thrasher has spent over three decades working around the globe for blue chip companies such as General Foods, McCormick & Co, Campbell Soup Co and ConAgra Foods Inc. He lived and worked in Canada, Australia, Belgium and the USA. Currently, Mr. Thrasher is President of FMT Consulting, a boutique advisory and consulting firm.

Arnold Tenney, Stellar’s Chairman of the Board, commented, “We are extremely pleased to have Martin join the board of Stellar. We believe his wealth of experience in running large, highly competitive global businesses is an excellent complement to the entrepreneurial spirit of Stellar. We look forward to his contributions as we continue to expand the business and strengthen

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Darden Restaurants Inc. (DRI) is pressuring a key level of longer-term resistance between $37 and $38 after recently gapping higher on news of a good quarter. This stock has rallied handily since bottoming out just above $13 in late November with the overall market. Since then shares have advanced to their current level along a fairly aggressive trend line that is still in play. Take a look below.

Conagra Foods Inc. (CAG) logged a solid performance in March, rallying with the overall market from a low-point just above $14 to a recent high above $17. Some short-term resistance has developed at this level, but pressure appears to be building as this stock continues to test. The MACD reading is still bullish, with the short-term moving average trending ahead of the long-term moving average. Take a look below.

Zacks Investment Research

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ConAgra Foods Inc.'s (CAG) third-quarter results beat market expectations, sending share higher by more than 8% this afternoon.

Quarterly earnings, excluding one-time items and discontinued operations, came in at 40 cents a share, ahead of analysts' estimated profit of 37 cents. Sales advanced more than 6%.

ConAgra retained its annual profit forecast of slightly more than $1.50 a share while analysts expect a profit of $1.47.

Meanwhile, the Omaha-based company's packaged-food shipments declined and it slashed prices on some products to cope with private-label competition.

CAG is a Zacks #2 Rank ("Buy").

"CAG" Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research