A&P Files for Bankruptcy

Here are all the articles on A&P's Bankruptcy filing:

Great Atlantic & Pacific Tea Company Press Release on Bankruptcy Filing: http://www.aptea.com/pressRoom_article.asp?id=216


New York Times: A&P Files for Bankruptcy Protection: http://www.nytimes.com/2010/12/13/business/economy/13grocer.html?src=busln

Supermarket News: http://supermarketnews.com/retail_financial/ap_bankruptcy/?cid=upd

FOX News: A&P Succumbs to Pressure, Files for Bankruptcy Protection: http://www.foxbusiness.com/markets/2010/12/13/ap-succumbs-pressure-files-bankruptcy/

Wall Street Journal: A&P Seeks Court Protection: http://online.wsj.com/article/SB20001424052748703380104576016163826716194.html

Wall Street Journal: A&P Files for Bankruptcy: http://online.wsj.com/article/SB10001424052748703380104576016163826716194.html?mod=WSJ_article_MoreIn_Business


Bloomberg News: A&P's Bankruptcy Filing May Prompt Ahold for Bid on Pathmark: http://www.bloomberg.com/news/2010-12-13/a-p-bankruptcy-may-prompt-ahold-bid-for-pathmark-analysts-say.html

Business Week: http://www.businessweek.com/ap/financialnews/D9K2O2RG0.htm


Public Radio: Historic A&P Files for Bankruptcy: http://marketplace.publicradio.org/display/web/2010/12/13/am-historic-grocery-ap-filed-for-bankruptcy/

TickerSpy: http://www.tickerspy.com/newswire/?p=3747

NY Post: A&P's Food Fight: http://www.nypost.com/p/news/business/food_fight_SKmOXzkPTrBsSMquwsWcqN?CMP=OTC-rss&FEEDNAME

WSJ: Another Whack for Ron Burkle, A&P Files for Bankruptcy Protection: http://blogs.wsj.com/deals/2010/12/10/another-whack-for-ron-burkle-ap-preps-bankruptcy/


Newsday: A&P, Waldbaum's file for Bankruptcy: http://www.newsday.com/business/a-p-waldbaum-s-seek-bankruptcy-protection-1.2537482

New Jersey Star Ledger:  http://www.nj.com/news/index.ssf/2010/12/nj_grocer_ap_files_for_bankrup.html

NY Daily News: Lagging Grocers A&P, Pathmark, Food Emporium file for Bankruptcy http://www.nydailynews.com/money/2010/12/11/2010-12-11_grocer_lacks_green_ap_pathmark_food_emporium_face_bankruptcy.html

Patch: Pathmark, A&P Files Bankruptcy: http://southorange.patch.com/articles/pathmarks-corporate-owner-files-bankruptcy

Friday Morning One Liners....Burkle & Barnes and Noble, Re-Invention of Fresh Direct

The "Food Basics" brand is now available in the aisles of Pathmark stores. “This economy has definitely affected our customers’ shopping budgets. The new Food Basics and Home Basics brands will allow our shoppers to buy all their household necessities for much less than national brands,” Sam Martin, chief executive officer of A&P, said in a statement Thursday.  [Press Release]

Crain's NY Business: Ron Burkle and Barnes & Noble:
Barnes & Noble said Thursday it has not reached a settlement with financier Ron Burkle's Yucaipa Cos. after news reports the companies were close to a deal. Mr. Burkle, who owns a 19% stake in the bookseller, is suing the company in an effort to expand his stake without triggering a poison pill plan.
Trader Joe's is rumored to be coming to Staten Island, the Staten Island Advance wonders if this is a welcomed or unwanted addition to the community..
Fresh Direct, a Re-Invention after Crisis...[NY Times] Surviving a major crisis — an immigration audit that decimated the company’s work force — at a time when the company was hemorrhaging money and alienating customers because its basic business model was not working...
NY Times: State Officials Skeptical of Willets Point Project
And guess what New Yorkers, you'll be voting on Term Limits again this November.

Bloomberg wins a third term, An annual Wal-Mart & NYC article, Wednesday Morning One Liners...

Election results
Mike Bloomberg wins a third term.

Michael Barbaro says the number one factor in the race was Bloomberg's influence. 
 
Elizabeth Benjamin: Democrat Owens beats Conservative Hoffman who Sarah Palin and Rush Limbaugh supported

You can find all the New York election results here.

In Long Island Tom Suozzi has a slight lead.

Industry
The New York Times spotlights Fairway's continued growth and success.

New stimulus funded Stop & Shop in Rockaway breaks ground.

Shares of Great Atlantic & Pacific Tea Co. (GAP) climbed more than 14% Tuesday amid reports that its biggest stakeholder, German supermarket operator Tengelmann Group, would consider merging the U.S. supermarket company with a competitor.

Meanwhile Food Basics, an A&P discount food store format will open it's first Connecticut store.

Guess who's back? The annual Wal-Mart NYC article: Wal-Mart is making another bid to get into New York City, the Daily News writes.  The Gothamist also comments.

Wal-Mart also received final approval on Monday of a settlement in which it will pay between $65 million and $85 million to resolve wage-and-hour violations alleged by millions of workers

The FTC has extended their deadline for Whole Foods to sell Wild Oats stores.

And Trader Joe's will be opening Friday in Millburn, New Jersey.

Local 1500 to Bloomberg: Fix up your supermarket plan, King Soopers members reject contract proposal, Thursday One-Liners...

Image via Wikipedia

End of a retailing era, Virgin Megastore shuts its doors in NYC.

Local 1500 tells Mayor Bloomberg to beef up his supermarket plan.

A Food Basics store will open at the site of a former A&P in Fairview, N.J., next week.

A&P is also debuting a new private label for kids.

Why Wal-Mart needs the Employee Free Choice Act.

UFCW Local 1776 members at Acme supermarkets will vote on a contract next week.

Overhill Farms, a major food-processing plant in the L.A. area, terminated more than 200 employees after an IRS audit finds that they had provided 'invalid or fraudulent' Social Security numbers, UFCW 770 calls it a 'desktop raid'.

Here's more on the firings of 254 employees.

UFCW 7 members at King Soopers have rejected the contract offer...On the contract offer:

Roxanne Heeney, a pharmacy technician at the King Soopers store at 6030 Stetson Hills Blvd. and an employee for more than 20 years, said the offer "really bums me out, that they are trying to decrease our benefits and not give us any wage increase. I can't make ends meet now. I want to avoid a strike, but if we have to strike, we will. I would like to see something that would help us maintain our retirement fund so we won't have to work until we're 95."

King Soopers in Colorado, has also filed a suit accusing union representatives of disrupting business and intimidating workers by sending groups of union representatives into stores to talk to workers.

They're set to meet today in court, as King Soopers tries to block the UFCW representatives from speaking to their members on the sales floor.

The Progressive Grocer has an indepth story on King Soopers allegations of "Union Hooliganism"

They're also reporting 'Fresh & Easy' to open four stores in July.

The UFT replaces Randy Weingarten.

A horrific accident took the lives of three workers and injured 41 others in an explosion and roof collapse at the ConAgra Foods Inc. facility in Garner, North Carolina, on June 9, 2009. The (UFCW) Local 204 represents 900 workers in that facility.

Politics

Howard Dean has endorsed both Brad Lander and Josh Skaller, only problem, they're running against each other.

Another poll confirms Patterson's unpopularity.

Senator Monnserratte is now turning to back the Dems.

NYSUT endorses Gillibrand.

The Food Safety Bill continues to advance in the house.

As the Senate reels, Espada says he gets 2 votes

Sen. Pedro Espada, the dissident Bronx Democrat in charge of the deadlocked Senate, is insisting that he can count himself twice to get a quorum to start passing bills. At the same time, he is contending that an investigation into his finances by prosecutors is payback for cozying with Republicans to take over the Senate. Meanwhile, allegations were flying that former Senate Majority Leader Malcolm A. Smith of Queens directed state money to a school attended by, in Espada's words, Smith's "out-of-wedlock child."