Supermarkets largely have all been living in a house of pain, said Jim Cramer. However, one company is executing much better than the others.
Indian authorities are investigating allegations that Wal-Mart violated foreign exchange rules when it invested $100 million into a domestic unit owned by its wholesale joint-venture partner, a senior law enforcement official told Reuters on Friday.
Avoid this tried and true investment strategy, Jim Cramer says.
Power has been restored to nearly 80 percent of utility customers in the New York City area who were blacked out by Super Storm Sandy, but a nor’easter loomed and that could set back efforts to return to normal.
NEW YORK-- Supervalu is cutting 700 positions at grocery stores at a subsidiary in New England, two weeks after it posted a loss for the second quarter and said it was considering selling the company. Supervalu Inc., based in Eden Prairie, Minn., fired its CEO in July after closing stores and suspending its dividend. Supervalu has about 14,000 employees overall.
Cramer makes the call on viewer favorites.
New Yorkers felt the rumble of subway trains for the first time in four days on Thursday but gasoline shortages persisted in the Northeast and emergency crews struggled to reach the worst-hit areas and restore power to millions of people.
Wall Street and two major airports reopened, and National Guardsmen rushed to rescue flood victims as the Northeast limped into recovery mode Wednesday, two days after being pummeled by epic Hurricane Sandy.
Superstorm Sandy slammed into the U.S. east coast on Tuesday and hurled a record 14-foot surge of seawater at New York City, flooded the financial district and left 7 million people without power.
Oct 30- U.S. buyout firm Cerberus Capital Management LP is working with a group of real estate firms on a possible bid for supermarket chain Supervalu Inc, the Wall Street Journal reported on Monday, citing people familiar with the matter.
Sandy has made landfall along the coast of southern New Jersey. While downgraded to a post-tropical cyclone, it still has sustained winds of 85 mph.
Hurricane Sandy began veering as predicted early Monday on a path that would take it over Washington, Baltimore, Philadelphia and New York putting it on a path that could endanger 50 million people.
Hurricane Sandy, a rare, late season storm, is already having a significant economic impact and is poised to be one for the record books in both meteorological and economic terms.
Oct 24- ABC News sought on Wednesday to move to federal court a meat processor's defamation lawsuit over reports about lean finely textured beef, a product that critics have labeled ``pink slime.''. ABC, a unit of Walt Disney Co, said previously the lawsuit was without merit.
ST. PAUL, Minn.-- Target Corp. may be headquartered in Minneapolis, but that's not stopping Wal-Mart Stores Inc. from making an aggressive push in its rival's home state.
NEW YORK-- A pair of analysts lowered estimates for Supervalu on Friday after the grocery chain reported softer-than-expected second-quarter results. On Thursday Supervalu Inc., whose chains include Albertsons, Cub Foods, Jewel-Osco and Save-A-Lot, reported a loss of 52 cents per share.
THE NUMBERS: Grocery store operator Supervalu lost $111 million, or 52 cents per share, in the quarter ended Sept. 8, while revenue dropped 5 percent to $8.04 billion. THE COMPANY: Supervalu's chains include Albertsons, Cub Foods, Jewel-Osco and Save-A-Lot.
NEW YORK-- Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:. Nokia Corp., down 14 cents at $2.80. Supervalu Inc., up 10 cents at $2.14.
NEW YORK-- Grocery store operator Supervalu lost money in its latest quarter, but the struggling company said it is in active discussions with several parties over a possible deal. Supervalu fired its CEO in July, replacing him with Chairman Wayne Sales to lead its turnaround effort.
*Kraft will not pay royalties to Green Mountain* Maxwell House to sell unlicensed Keurig-style cups* Green Mountain stock falls, recovers By Martinne Geller.