Briefs

Starting in April, Wal-Mart Stores plans to reduce the fat, sugar, and sodium levels in 165 of its private-label foods and will more aggressively market other healthy grocery items by labeling them “Great for You.” Wal-Mart consulted with dieticians, nutritionists, the nonprofit Institute of Medicine, and government agencies to come up with the “Great for You” criteria. It’s also working to lower premium prices on healthy foods. For example, Wal-Mart now prices whole wheat pasta the same as regular pasta. As the world’s biggest retailer, Wal-Mart’s previous sustainability efforts, such as reducing waste from packaging, have created industry-wide reforms.

Diamond Foods, the maker of Emerald snack nuts and Pop Secret popcorn, will restate earnings for the past two years and replace its CEO and chief financial officer after the board found the company inaccurately accounted for $80 million in payments to walnut growers. The finding may imperil Diamond’s plans to buy the Pringles potato chip business from Procter & Gamble, which has said the sale depended on the favorable resolution of the board’s investigation. Diamond’s shares fell at least 43 percent after the announcement.