International Business News - SVU http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif The National Association of Chain Drug Stores, a group that includes retailers, manufacturers, publishers and advertisers, spent $300,000 in the third quarter lobbying the federal government, according to a recent filing. http://www.ibtimes.com/articles/20081202/drugstore-group-spent-300k-lobbying-govt-in-3q.htm Tue, 02 Dec 2008 10:57:09 EST Shares of Supervalu Inc. dropped to its lowest price in 17 years Thursday as the broader market slipped and an analyst warned the company could be losing its foothold in the supermarket sector. http://www.ibtimes.com/articles/20081120/supervalu-shares-dive-to-17-year-low.htm Thu, 20 Nov 2008 14:28:25 EST Grocer Supervalu Inc. spent $170,000 in the third quarter to lobby on legislation surrounding food safety, retail crime and other issues, according to a recent disclosure report. http://www.ibtimes.com/articles/20081111/supervalu-spent-170k-lobbying-government-in-3q.htm Tue, 11 Nov 2008 09:01:37 EST Shares of the nation's largest grocers continued to rise slightly following the Federal Reserve's decision to cut interest rates. It's widely expected that banks will move quickly to match the action, so that means the cut will push down borrowing costs for millions of consumer and business loans and hopefully boost economic growth. http://www.ibtimes.com/articles/20081029/nations-grocers-hold-slight-gains-after-fed-cut.htm Wed, 29 Oct 2008 14:54:35 EDT Grocery stores, like consumers' food budgets, are shrinking. This month Wal-Mart Stores Inc. opened four pilot Marketplace stores in Arizona that are half the size of a traditional supermarket. http://www.ibtimes.com/data/articleimgs/161327-business-of-life.jpg http://www.ibtimes.com/articles/20081028/like-shoppers-budgets-grocery-stores-shrink.htm http://www.ibtimes.com/articles/20081028/like-shoppers-budgets-grocery-stores-shrink.htm Tue, 28 Oct 2008 12:45:44 EDT Shares of the nation's largest grocers fell Friday with those focused on cost-conscious consumers expected to fare best. Jeffries & Co. analyst Scott Mushkin said in a research note early this week that companies such as Kroger Co. should benefit from the pressure on consumers "as sharp prices and a strong value image should allow the company to gain share." Meanwhile, he wrote that Whole Foods Market Inc. is likely to see "company-specific drivers overwhelmed by a deteriorating macro environment." http://www.ibtimes.com/articles/20081024/grocers-shares-slip-but-some-show-resilience.htm Fri, 24 Oct 2008 11:33:19 EDT Kroger Co. shares jumped Thursday, a day after the grocery chain gave an upbeat update on this quarter's sales. Kroger stock rose $1.73, or 7 percent, to close at $26.29. Shares have traded in a 52-week range of $22.30 to $30.99. http://www.ibtimes.com/articles/20081016/kroger-shares-rise-in-wake-of-upbeat-sales-report.htm Thu, 16 Oct 2008 16:51:57 EDT Among the stock activity stories for Wednesday, Oct. 15, from AP Financial News: NEW YORK (AP)--Shares of CKE Restaurants Inc., which operates Carl's Jr. and Hardee's restaurants, fell after the fast-food chain said same-store sales were hurt by discounting at competitors. http://www.ibtimes.com/articles/20081015/movers-roundup-cke-restaurants-supervalu.htm Wed, 15 Oct 2008 18:39:27 EDT Standard & Poor's Ratings Services lowered its rating outlook on Supervalu Inc. Wednesday from "Positive" to "Stable." The Minneapolis-based supermarket company will be "more challenged than previously expected by the current weak economic environment in the U.S.," Standard & Poor's credit analyst Diane Shand wrote. http://www.ibtimes.com/articles/20081015/s-p-revises-outlook-on-supervalu-to-stable.htm Wed, 15 Oct 2008 15:19:22 EDT Shares of Supervalu Inc. continued to slide Wednesday, a day after the grocer reported a nearly 14 percent drop in quarterly profit and lowered its guidance for the year. http://www.ibtimes.com/articles/20081015/supervalue-extends-slide-after-weak-report.htm Wed, 15 Oct 2008 18:34:06 EDT Kroger on Wednesday confirmed its earnings guidance for the year and said a key sales measure is trending higher, even as U.S. consumers are cutting back on spending. http://www.ibtimes.com/articles/20081015/grocer-kroger-backs-earnings-guidance.htm Wed, 15 Oct 2008 16:31:28 EDT Among the earnings stories for Tuesday, Oct. 14, from AP Financial News: NEW YORK (AP)--PepsiCo Inc. is cutting jobs and closing factories to give it some "breathing room" to navigate the volatility that has permeated all corners of the global economy. http://www.ibtimes.com/articles/20081014/earnings-roundup-pepsico-johnson-johnson.htm Tue, 14 Oct 2008 19:27:01 EDT Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20081014/johnson-johnson-pepsico-are-among-big-movers.htm Tue, 14 Oct 2008 16:39:41 EDT Supervalu Inc. said Tuesday that its profit fell nearly 14 percent in its second quarter as the grocery chain attempted to keep prices low and answer consumers' demands for value. http://www.ibtimes.com/articles/20081014/supervalu-2q-profit-falls-14-percent.htm Tue, 14 Oct 2008 16:54:17 EDT Grocery store operator Supervalu Inc. is expected to report flat quarterly earnings Tuesday, partly due to a difficult economic climate, Jefferies & Co. analyst Scott A. Mushkin wrote in a recent client note. http://www.ibtimes.com/articles/20081014/ahead-of-the-bell-supervalu-earnings.htm Tue, 14 Oct 2008 05:56:46 EDT Major business events and economic events scheduled for Tuesday: SANTA CLARA, Calif.--Intel Corp. releases third-quarter financial results. http://www.ibtimes.com/articles/20081013/calendar-of-major-business-events-tuesday.htm Mon, 13 Oct 2008 15:57:23 EDT Major business events and economic events scheduled for the coming week (some dates are tentative): MONDAY, Oct. 13 http://www.ibtimes.com/articles/20081012/business-events-and-economic-reports-scheduled.htm Sun, 12 Oct 2008 16:18:45 EDT Shares of the nation's largest grocery chains tumbled Friday amid a global markets sell-off and on worries that food spending might fall. Despite bailout efforts by the U.S. and other governments, investors fled the market on fears that economic instability will persist. And grocers face the added challenge of consumers cutting back not just on big purchases but on day-to-day necessities such as food. http://www.ibtimes.com/articles/20081006/grocers-fall-amid-wall-street-sell-off.htm Mon, 06 Oct 2008 12:17:25 EDT Among the premarket activity stories for Monday, Oct. 6, from AP Financial News: NEW YORK (AP)--A Robert W. Baird analyst on Monday downgraded True Blue Inc., which provides temporary blue-collar staffing, and cut his earnings estimate. http://www.ibtimes.com/articles/20081006/premarket-roundup-true-blue-heidrick-struggles.htm Mon, 06 Oct 2008 09:42:51 EDT An analyst upgraded Supervalu Inc. to "Hold" from "Sell" Monday, calling the grocery store operator's stock a more attractive investment following a recent decline in share price. http://www.ibtimes.com/articles/20081006/ahead-of-the-bell-supervalu-upgraded.htm Mon, 06 Oct 2008 07:20:27 EDT