Friday, May 30, 2008

Friday Morning One Liners...

Industry

Contract negotiations between The Great Atlantic & Pacific Tea Co. and the union representing pharmacists at area Waldbaum's stores have stalled after the company declined to budge from its stance on employee retirement plans and refused to discuss other issues, the union said yesterday.

Long Island farmers are in a crunch as diesel and fertilizer costs continue to rise.

Here's an editorial on the problems L.I. farmers are facing.

NYC Food Pantries are scaling back on operations, by reducing handouts and turning people away.

Kroger Co. here yesterday said it has made a "significant investment" in The Little Clinic LLC "aimed at bringing walk-in medical clinics and consumer health solutions to stores across the country."
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Costco Wholesale Corp. here said yesterday that inflation in gasoline prices helped increase comparable-store sales in the U.S. by 6% during the third quarter ended May 11 — a figure that would have been up only 4% without the boost provided by fuel.
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Wal-Mart puts the squeeze on food costs [CNN Money]
With gas, grain, and dairy prices exploding, you'd think the biggest seller of corn flakes and Cocoa Puffs would be getting hit by rising food costs. But Wal-Mart has temporarily rolled back prices on hundreds of food items by as much as 30% this year. How? By pressuring vendors to take costs out of the supply chain.

More than half (54%) of people who dine out regularly are cutting back on restaurant spending due to the economy, according to the findings of a Mintel consumer report.
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John Catsimatidis, said that sales at his Gristedes supermarkets are up this year more than 8% over the same period last year

In a scathing report, the state's Commission of Investigation Thursday criticized the union representing Suffolk County correction officers for "highly questionable" accounting practices that failed to explain spending hundreds of thousands of dollars on things like airline tickets for board members' relatives, big-screen televisions and golf outings

And Donald Trump sold the Trump Marina Hotel and Casino for $316 million.

Politics

Top Republicans yesterday pledged a new push to urge Democratic lawmakers to help hard-pressed motorists by suspending the state's nearly 33 cent-a-gallon tax on gasoline for the summer

Republican leaders in Staten Island on Thursday night endorsed Francis H. Powers, a retired Wall Street executive, as their candidate for the Congressional seat being vacated by Representative Vito Fossella

Another controversial pastor associated with Obama?

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