Thursday, November 19, 2009

Thursday News at Noon: BJ's Settles Wage and Hour Suit, Q3 number plummet, Suozzi down 553 votes

Industry
UFCW Local 1360 resumed talks with Acme this morning, as a threat of a walkout loomed.

UFCW Local 7 is waiting to vote on last proposals from King Soopers, Safeway.

Costco will not budge on their price dispute with Coca-Cola.

Target announced it plans to roll out their expanded grocery and perishables format, called p-fresh (which stands for 'Prototype-Fresh'), to 350 more discount stores in 2010 and ultimately to the majority of its base following encouraging sales results at the first 108 stores. P-fresh, or prototype-fresh, is a format that adds 90% of the food categories and approximately 60% of the SKU count available at the company’s Super Target stores...

From the sound of it Target employees are not thrilled about P-Fresh.
 
Tops opens first store since going '100% local'.  They plan on operating the company completely local.

BJ's Wholesale Club has some dissatisfying Q3 numbers.  BJ's and investors say the $11.7 Million Dollar wage and hour lawsuit which was settled contributes to these terrible Q3 numbers. 

Penn Traffic Co., based in Syracuse, filed for Chapter 11 bankruptcy protection yesterday, just four years after emerging from a previous bankruptcy filing

On Monday the Government Accountability Office said: work related injuries are underreported

Forbes: Unemployment, up again.

Ahold is announcing a new "cost-cutting program."


Pathmark announced that shoppers can now automatically link digital savings to their loyalty cards thanks to the Online Advantage program available at pathmark.com.

A&P was recognized for environmental stewardship.

The Food Industry applauds the Food Safety Bill. 

New York Times updates on Kingsbridge Armory. Meanwhile Mayor Bloomberg and city development officials remained dead set Tuesday against imposing a "living wage" mandate on the developer who plans to turn the white elephant Kingsbridge Armory into a $310 million shopping mall

Politics
Despite the Mayor's opposition, the NY City Council has passed the 5 minute grace period for parking on an expired meter.

Governor Patterson is readying legislation that would require developers to pay prevailing wages on many construction projects that receive public financing, meaning that construction workers would have to be paid significantly more than minimum wage.

Out in Brookhaven, Long Island, town officials are being urged to study the economic impact and overall impacts on projects throughout Eastport and East Moriches.

Democrats Ben Nelson (Nebraska), Mary Landrieu (Louisiana) and  Blanche Lincoln (Arkansas) may block the Health Care bill in the Senate.

Newsday updates the Suozzi v. Mangano Nassau County Executive election.  By count last night Souzzi, the incumbent trailed by 553 votes.

No comments:

There was an error in this gadget

Translate