Food recalls

Food recalls

WASHINGTON

Two popular grocery items are being pulled off the shelves — SpaghettiOs that weren’t adequately heated during processing, and Marie Callender’s frozen dinners that pose a salmonella risk.

The Department of Agriculture announced both recalls late Thursday. ConAgra Foods is recalling all Marie Callender’s brand cheesy chicken and rice frozen meals after they were possibly linked to an outbreak of 30 salmonella illnesses in 15 states. And Campbell Soup Co. is recalling 15 million pounds of SpaghettiOs with meatballs after a cooker malfunctioned at a company’s plant in Texas.

83rd bank fails in ’10

WASHINGTON

Regulators have shut down a Nevada bank, raising to 83 the number of U.S. bank failures this year. The Federal Deposit Insurance Corp. took over Nevada Security Bank, based in Reno, with $480.3 million in assets and $479.8 million in deposits. Umpqua Bank, based in Roseburg, Ore., agreed to assume the assets and deposits of the failed bank. The failure of Nevada Security Bank is expected to cost the deposit insurance fund $80.9 million.

Dealer regulation

WASHINGTON

Heading into the final stages in overhauling financial regulations, a joint congressional committee is ready next week to tackle one of the thornier issues — whether car dealers will be regulated by a proposed consumer protection agency.

The joint conference committee is wrestling with the role dealers play in auto financing and the discretion they have to set terms — and potentially take advantage of consumers.

Combined dispatches