NEW YORK (AP) - ConAgra Foods Inc. plans to sell its faltering business that makes store-brand food just two years after spending $5 billion to beef it up by buying the private-label foodmaker Ralcorp.

NEW YORK (AP) ConAgra Foods Inc. plans to sell its faltering business that makes store-brand food just two years after spending $5 billion to beef it up by buying the private-label foodmaker Ralcorp.

The company said Tuesday that it wants to concentrate on improving business for its name brands, which include Chef Boyardee, Hebrew National hot dogs, Slim Jim meat sticks and others.

The company's shares rose $1.37, or 3.2 percent, to $44.80 in premarket trading.

ConAgra also reported fourth-quarter earnings that met Wall Street expectations.