summer album of the week 06/18/11

the pentangle: the pentangle. released june 1969.

the pentangle: the pentangle. released june 1969.

From Danny Thompson’s bowed bass introduction to the acoustic ensemble implosion at its conclusion, the 1969 self-titled debut album by The Pentangle (later know simply as Pentangle) was an unlikely musical summit. It mixed global folk inspirations picked up by guitarists John Renbourn and Bert Jansch with what was essentially a jazz rhythm section (Thompson and drummer Terry Cox). Singer Jacqui McShee then made the blend sound deliciously psychedelic. An appealing soundtrack for a fanciful summer afternoon.

General Mills raising wholesale prices, launching new reduced-sugar cereals.(Brief Article)

The Food Institute Report June 28, 2004 General Mills Inc. is raising wholesale prices 2%-9% on several categories of foods, including Progresso soups, some frozen breakfast items, yogurt and Totino’s snack foods, as a result of rising energy and raw material costs. The exact timing of the increases was not specified, but General Mills informed trade customers in early June. website cinnamon toast crunch

The company is not raising prices on its Big G cereals or frozen dough products.

Meanwhile, General Mills is introducing reduced-sugar versions of three of its kids’ cereals–Trix, Cinnamon Toast Crunch and Cocoa Puffs. The reduced-sugar cereals, developed using a blend of sugar and non-caloric sweetener Splenda, have 75% less sugar than the original cereals. The products will be available nationwide in mid-July, with a suggested retail prices of $3.29 for an 11.75-oz. box of reduced-sugar Trix, $3.80 for a 13.75-oz. box of reduced-sugar Cinnamon Toast Crunch and $3.39 for a 12-oz. box of reduced-sugar Cocoa Puffs. web site cinnamon toast crunch

Separately, furthering its exit from the food business, Diageo reaffirmed that it intends to sell 50 million shares of General Mills. If the shares are sold, Diageo would still hold 29 million shares in the foodmaker. Diageo got the stake in late 2001 as part of General Mills’ acquisition of Pillsbury, reported CBS MarketWatch. General Mills filed with the SEC to register the sale of up to $5.9 billion of securities, which includes Diageo’s proposed sale.

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