U.S consumers increased their spending just 0.2 percent in May, a disappointing result after two months of much stronger gains. Meanwhile, inflation — as measured by a gauge monitored by the Federal Reserve — rose 2.3 percent for the 12 ...
Read More »Lawsuit alleges Hormel, other companies inflated pork prices
A federal lawsuit filed Thursday in Minnesota alleges Hormel Foods Corp. and other companies colluded to inflate consumer pork prices on such popular products as Ball Park Franks, Spam and Nathan’s Famous. Defendants in the proposed class-action lawsuit included Hormel, ...
Read More »Move over UPS truck: Amazon delivery vans to hit the street
Your Amazon packages, which usually show up in a UPS truck, an unmarked vehicle or in the hands of a mail carrier, may soon be delivered from an Amazon van. The online retailer has been looking for a while to ...
Read More »Small-business lessons from Red Hen’s Sanders ouster
Taking a political stand — such as asking a White House press secretary to leave your restaurant — can be polarizing and risky. So experts say an owner who decides to act should do so with forethought and civility. The ...
Read More »How to be a happy timeshare owner
Many people are desperate to shed their timeshares. That provides bargains for timeshare enthusiasts like Angie and Mike McCaffery of Los Angeles. The retired couple has paid as little as 50 cents for “used” timeshares. They’ve parlayed their timeshare weeks ...
Read More »Retailers experiment with blue lights to deter drug use
Colored bulbs cast an eerie blue glow in the restroom of Pennsylvania convenience store where people who inject heroin and other drugs have been seeking the relative privacy of the stalls to shoot up. The blue lights are meant to ...
Read More »Frozen-food wedding to join Marie Callender’s, Hungry-Man
Marie Callender’s and Hungry-Man are joining together in a deal intended to create a bigger player in the frozen food aisle. ConAgra said Wednesday it is buying Pinnacle Foods for about $10.9 billion, citing in part the potential to capitalize ...
Read More »Orders for US durable goods fall for 2nd straight month
Orders for long-lasting U.S. factory goods declined for the second straight month in May, as demand for cars, metal products and aircraft fell. The Commerce Department said Wednesday durable goods orders — items meant to last at least three years, ...
Read More »Another wave of sales leaves GE a vastly changed company
General Electric Co. is shrinking again, becoming a mere shadow of the globe-spanning conglomerate that it was before the Great Recession. GE said Tuesday that it will spin off its health-care business and sell its interest in Baker Hughes, which ...
Read More »US consumers were a bit less optimistic in June
American consumers lost a bit of their optimism in June although they are still feeling good by historical standards. The Conference Board, a business research group, said Tuesday that its consumer confidence index slipped this month to 126.4, down from ...
Read More »US new-home sales climbed 6.7 percent in May
Sales of new U.S. homes jumped 6.7 percent in May, with purchases in the South accounting for all of the monthly gains. The Commerce Department said Monday that new homes sold last month at a seasonally adjusted annual rate of ...
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