Reuters — The struggles of the low-income U.S. consumer are playing out in Wal-Mart Stores’ grocery aisles. The world’s largest retailer, which gets more than half its sales from groceries, on Thursday gave a disappointing full-year forecast. It blamed sharp cuts in food stamp benefits and higher payroll taxes that are will hit disposable income
Wal-Mart forecast disappoints as grocery business struggles
Food Execs Won’t Give Up Fried Chicken, Steak
Like many Americans, top food-industry executives say they try to eat healthy foods, but there are some treats they just won’t give up. Given their daily exposure to the ins and outs of the food industry, they are more aware than the average consumer of what too much fried foods and red meat can do
U. S. jury finds Parmalat milked Citigroup
“Citi was the largest victim of the Parmalat fraud and not part of it.” – Citigroup Statement A U. S. jury on Monday found Italian dairy company Parmalat had defrauded Citigroup in a case stemming from Parmalat’s 2003 collapse, and awarded the bank US$364.2 million in damages. The 6-1 verdict was handed down by a
Cyber-Savvy Farmer
