Food holds up in recession shoppers say and
Food is considered recession proof with staples like pastas soups cereals and beer remaining steady. Analysts note a shift to center supermarket items canned and packaged goods and greater focus on value and convenience amid economic strain. Some warn gourmet frozen meals may falter while affordable luxury items like chocolate maintain appeal.
MENTIONED IN THIS ARTICLE
New York
Max Busetti
Food Industry Newsletter
Alexandria
Busetti
Phil Lempert
Montclair
N.J
Lempert
Godiva
Ken Himmel
Sutton Place Gourmet Inc
Sutton Place Gourmet
Rockville
Washington Area
Europeans See Japan Favorable Yet Not Fulfilling Duties
A Foreign Ministry poll across seven European nations shows broad support for Japan but a belief it does not fulfill international responsibilities. Critics urge Japan to address its trade surplus with the EC and open markets, while many see potential gains from the 1992 European single market.
MENTIONED IN THIS ARTICLE
Tokyo
Japan
Foreign Ministry
Britain
France
Germany
Belgium
Italy
Netherlands
Spain
Persian Gulf
Europe
Wendy’s to open second Princeton restaurant in January
Wendy’s International plans a second Princeton outlet on Route 460 Exit 9 near I 77 with an estimated 60 new full and part time jobs. Opening date targeted Jan 8, weather permitting, per Regional Vice President Jack Whiting. The move reflects growth as Wendy’s remains the nation’s fourth largest fast food chain with 3,800 units.
MENTIONED IN THIS ARTICLE
Wendy’s International
Wendy's
Princeton
Jack Whiting
Route 460
Exit 9
Interstate 77
Wendy’s International, Inc
R. David Thomas
Dublin
West Virginia banks weather downturn with strong profits
West Virginia banks report solid earnings as officials say the local economy remains listless. One Valley Bancorp, led by Robert Barrower, posts an 18.6 percent gain for nine months ending Sept. 30, 1990, with $14.3 million in profits. The FDIC premium hike and potential one time levy worry executives about bailing out weaker peers. Key Centurion eyes $3 billion assets next year as state banks resist risky overseas loans.
MENTIONED IN THIS ARTICLE
West Virginia
Robert Barrower
Charleston
One Valley
Key Centurion
Barroner
Massachusetts
Texas
Federal Deposit Insurance Corp
FDIC
Embezzlers also must pay fair share
Arkansas's former attorney general Steve Clark used a state credit card to wine and dine family and friends and is appealing his conviction for embezzling state funds. His attorney fears taxes may be due on the plastic money. Victor J. Lota, an officer at Hibernia National Bank, also used his job to line his pockets and help friends, with the IRS seeking repayment.
MENTIONED IN THIS ARTICLE
Arkansas
Steve Clark
Clark
Victor J. Lota
Oan
Hibernia National Bank
Internal Revenue Service
Lota
Also Mentioned on This Page
David Hackney Campbell
Swansons
Aes
John McMillin
Prudential Bache Securities
Hellman’s
McMillin
Godiva Chocolatier
Thomas Oak
Wendy’s
Columbia Gulf Transmission Co
Columbia Transmission
Columbia Transmission Companies
Columbia Gulf
Houston
James P. Holland
Columbia Gas System
Greg Jordan
The
Daily Telegraph
Greg
Jordan
By A.J. Cook
Scripps
Howard News Service
Charter Federal Savings Bank
LeOlel
Mercer Mall
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