Grocery retailer Albertsons to buy drugstore chain Rite Aid

February 21, 2018 wpanews 0

Albertsons owns Safeway, Vons and other grocery brands. Now it’s getting deeper into the pharmacy business with a deal to buy Rite Aid. The owner of Safeway and other grocery brands is buying the drugstore chain Rite Aid as retailers continue to plunge deeper into health care and adjust to swiftly changing shopping habits. Albertsons Companies executives said Tuesday that their purchase of Rite Aid’s more than 2,500 remaining stores […] READ MORE

Australian firm acquires The Mall at Robinson in Pittsburgh |

February 20, 2018 wpanews 14

  Australian firm acquires The Mall at Robinson in Pittsburgh Cleveland-based Forest City Realty Trust said today it had completed the previously announced sale of its interest in the mall to QIC. Financial terms of the deal weren’t disclosed. QIC already had an ownership stake in the mall, which Allegheny County recently reassessed at $89 million. The Mall at Robinson is a two-level, enclosed super-regional shopping malllocated just off the Parkway West (I-376) and […] READ MORE

Winn-Dixie Owner Bi-Lo Prepares for Bankruptcy Filing

February 19, 2018 wpanews 0

Bi-Lo LLC, the supermarket company that owns the Winn-Dixie chain, is preparing for a potential bankruptcy filing as soon as next month, according to people with knowledge of the matter. Bi-Lo is laboring under more than $1 billion in debt following its 2005 buyout by Lone Star Funds. The company and its creditors have held talks to discuss a possible debt-to-equity swap, as well as alternatives such as asset sales, Bloomberg reported […] READ MORE

Most KFCs in UK remain closed because of chicken shortage

February 19, 2018 wpanews 0

Fast food chain blames contract with delivery firm DHL, with more than 600 outlets still shut Signs on many of the closed stores said: “Sorry, we’re closed. We deliver our chickens fresh into our restaurants, but we’ve had a few hiccups with the delivery today. We wouldn’t want to be open without offering our full menu, but we’ll be back at the fryers as soon as we can.” KFC published […] READ MORE

SEC blocks Chicago Stock Exchange sale to China-based investors

February 16, 2018 wpanews 1

U.S. regulators on Thursday killed the politically sensitive sale of the Chicago Stock Exchange (CHX) to a group led by China-based investors, saying a lack of information on the would-be buyers threatened the ability to properly monitor the exchange after the deal. Source: SEC blocks Chicago Stock Exchange sale to China-based investors

Johannes Gutenberg Changed Our Lives Forever

February 16, 2018 wpanews 21

  German inventor Johannes Gutenberg developed a method of movable type and used it to create one of the Western world’s first major printed books, the “Forty-Two-Line” Bible. Johannes Gutenberg was born circa 1395, in Mainz, Germany. He started experimenting with printing by 1438. In 1450 Gutenberg obtained backing from the financier, Johann Fust, whose impatience and other factors led to Gutenberg’s loss of his establishment to Fust several years […] READ MORE

Exclusive: Industry Experts On The Impact Of Google Chrome’s Ad Blocker |

February 15, 2018 wpanews 5

Google is now rolling out its long-awaited and highly-reported on ‘ad blocker’ for Chrome. While the feature is not due to go live until February 15 Google has been releasing a number of statements on the topic to further help both end users and website owners to better understand what the feature is, and how it will work. The first of these posts came through on Tuesday and looked to explain […] READ MORE

Sam’s Club will offer free shipping on most items | Fortune

February 14, 2018 wpanews 5

  Hoping to better compete with arch-rival Costco Wholesale (COST, +1.69%) and, Sam’s Club said on Wednesday that it’s now offering free shipping for many items to its premium members as part of a restructuring to its membership programs. The bulk retailer, a unit of Walmart Inc (WMT, +1.44%), says that the bulk of items it sells online will qualify and that there will be no minimum order size for customers who have a “Plus” membership, which […] READ MORE

Applebee’s fires 3 workers, apologizes after racial profiling allegation

February 13, 2018 wpanews 1

INDEPENDENCE, MO — A St. Louis woman claims she was racially profiled at an Independence Applebee’s when, she says, she and a friend were accused of leaving without paying their bill during a previous visit. Alexis Brison posted a video of the incident on Facebook on Saturday, reports CBS Kansas City affiliate KCTV. As of Monday, the video had been viewed 1.9 million times and shared 45,000 times. Applebee’s says three employees […] READ MORE

Remington Is Planning to File for Bankruptcy

February 13, 2018 wpanews 0

For two centuries, it has been a totem of America’s gun culture — a name emblazoned on frontier flintlocks and U.S. Army .45s. But on Monday Remington Outdoor Co., which traces its history back to 1816, said it would file for bankruptcy protection, succumbing to a slump in business worsened by, of all things, a president who has steadfastly supported Americans’ right to bear arms. Source: Remington Is Planning to File […] READ MORE

Senate approves Jerome Powell as next chair of the Federal Reserve

February 12, 2018 wpanews 0

Powell will succeed Janet Yellen, the first woman to lead the Fed, when her term ends. Powell, 64, has served for 5½ years on the Fed’s board. A lawyer and investment manager by training, he will be the first Fed leader in 40 years without an advanced degree in economics. Many expect him to follow Yellen’s cautious approach to interest rates. Powell, viewed as a centrist, enjoyed support from Republicans […] READ MORE