Annie's pizza recall eroded sales, profits
Berkeley-based Annie's said a pizza recall erased about $1.6 million in sales during its third quarter of fiscal 2013, but the company nevertheless posted higher sales.
Annie's earned $1.4 million on sales of $36.3 million for the October-December quarter, the natural and organic foods maker said. The profits included a $700,000 write-off of inventory.
Excluding the one-time costs related to the pizza recall, adjusted profits totaled $2.7 million and sales totaled $37.9 million.
Compared to the year-ago quarter, adjusted profits jumped 23.1 percent and adjusted sales rose 22.7 percent.
A few weeks ago, Annie's undertook a voluntary recall of organic pizza, one of the company's newest products.
Chevron strikes LNG deal in Canada
San Ramon-based Chevron and Houston-based Apache have completed a transaction to build and operate a liquefied natural gas project in Canada's British Columbia region.
Canada subsidiaries of Chevron and Apache will develop the Kitimat LNG project in the Liard and Horn River basins of western Canada.
Liard and Horn River are two of the most prolific shale gas plays in North America, with more than 50 trillion cubic feet of resource potential on the Apache-Chevron acreage, the companies said Monday.
The Chevron and Apache units each are a 50 percent owner of the complex. Chevron
Go Daddy to double workforce in Sunnyvale
Go Daddy said Monday it is planning to create dozens of new jobs at its new Sunnyvale office, which opened Monday.
The Web-hosting company has 40 employees at the Sunnyvale office, which is Go Daddy's first Silicon Valley office.
Go Daddy intends to hire another 40 before the end of the year, a company spokeswoman said.
"We're attracted to the tech talent in and around Sunnyvale," Go Daddy spokeswoman Elizabeth Driscoll said. "We are drawn to developers and designers who love to innovate."