53 beverage, nutritional products are recalled

Food service company Lyons Magnus issued a voluntary recall for 53 beverage products over possible contamination with Cronobacter sakazakii, according to an announcement posted by the company Friday.

The recall includes certain lots of beverages, liquid coffee, pediatric nutritional supplements, protein shakes, nutritional shakes and thickened liquids. Products included in the recall include some branded as Oatly, Stumptown, Glucerna, Intelligentsia, Aloha, Kate Farms and Premier Protein.

“Preliminary root cause analysis shows that the products did not meet commercial sterility specifications,” the recall said.

No illnesses or complaints related to these products have been reported, the company said. People who have purchased the recalled products are asked to throw them out or return them for a refund.

Cronobacter is a bacteria that can be found in dry goods and sewer water, according to the Centers for Disease Control and Prevention. Infection can be particularly dangerous in infants, people over 65 and people with weakened immune systems. Symptoms include fever, meningitis and seizures in infants.

The recall does not include products manufactured for children younger than 1.

The bacteria is the center of a separate recall of powdered infant formula, which is still ongoing.

Texas city to consider $30M Wells Fargo hub

Wells Fargo is seeking millions of dollars in tax breaks for a new office campus in a suburb of Dallas.

The Irving City Council is set to vote Thursday on a package with a value of more than $30 million for the new Wells Fargo campus. The facility would serve as a regional hub for the San Francisco-based bank, according to the council agenda.

Finance firms have been expanding in the north Texas region, drawn by access to talent, low taxes and a friendly regulatory environment, with companies including Goldman Sachs Group, Fidelity Investments and Vanguard Group choosing the Lone Star State for growth.

Last month, Dallas granted Goldman Sachs as much as $18 million in tax breaks for a new office tower that would house 5,000 workers. Last year, brokerage Charles Schwab moved its base to the affluent Dallas suburb of Westlake from San Francisco.

If the city approves the tax package for Wells Fargo, the bank would be required to construct at least two 400,000-square-foot buildings as well as a 4,000-space parking garage by the end of 2026, according to the agenda.

Markets slip as investors ponder their durability

U.S. stocks dipped Tuesday following another day of meandering trading, as Wall Street debates whether the market’s strong recent run is the start of a turnaround or just a temporary blip.

The S&P 500 fell 27.44, or 0.7%, to 4,091.19 after drifting between a loss of 0.9% and a gain of 0.5% through the day. The Dow Jones Industrial Average dropped even more, losing 402.23, or 1.2%, to 32,396.17, largely because of a tumble for equipment maker Caterpillar. The Nasdaq composite held up better but still slipped 20.22, or 0.2%, to 12,348.76.

One discouraging signal for investors came Tuesday from a profit report by Caterpillar, seen by some on Wall Street as an economic bellwether. Its stock fell 5.8% after the Illinois-based maker of backhoes and bulldozers reported weaker revenue for the latest quarter than analysts expected.

Much of Wall Street’s focus Tuesday also was centered across the Pacific Ocean on U.S. House Speaker Nancy Pelosi, whose plane touched down in Taiwan a little after trading began in New York.

The 10-year yield rose to 2.75% from 2.61% late Monday.

Compiled from CNN, Bloomberg and Associated Press reports.