Albertsons considers sale of company
Albertsons Inc said Friday it was weighing a sale or other strategic options as the second-largest U.S. supermarket chain faces lagging sales. Shares rose 11 percent. The firm operates about 2,500 stores including Albertsons Acme Shaw s Jewel Osco and Sav-on Drugs with Goldman Sachs and Blackstone retained as advisers. Board approval needed for any definitive transaction. In Q1 earnings nearly tripled on an acquisition and Southern California recovery, though core sales lag rivals.
MENTIONED IN THIS ARTICLE
Albertson's Inc
Albertson's
Acme
Shaw's
Jewel- Osco
Sav On Drugs
Goldman Sachs & Co
Blackstone Group LP
Kroger Co
U.S
Albertson
Unemployment dips to 4.9 percent as jobs rise
The Labor Department reports August unemployment at 4.9 percent, with 169000 new jobs, signaling a strengthening labor market before Hurricane Katrina. Greenspan and Fed colleagues see gradual hiring improvement, though current numbers exclude storm impacts. The rate marks the lowest since August 2001, down from July's 5 percent.
MENTIONED IN THIS ARTICLE
United States
Labor Department
Federal Reserve
Alan Greenspan
New Orleans
Gulf Coast
Labor secretary touts improving Kansas economy gains
Kansas Secretary of Labor Jim Garner praised solid gains in the state economy after delivering the State of Labor address. He noted 17 months of job growth, 16,000 more jobs than a year ago, and low workers compensation premiums while unemployment averaged 5.4 percent. Garner critiqued tax and policy critics, urged welcoming business, and highlighted a rise in workplace fatalities to 57, urging safety programs.
MENTIONED IN THIS ARTICLE
Topeka
Kansas
Jim Garner
Kansas Chamber of Commerce
Garner
Kansas Chamber
Lew Ebert
The
Morningstar Inc
Chamber
Jim Gregory
Katrina’s economic ripple hits prices and supply chains nationwide
The hurricane’s disruption stretches beyond the Gulf, raising fuel costs and logistical hurdles for consumers and firms from retailers to airlines. It threatens grains shipments, coffee futures, and access to raw materials, with broader questions about spending and production yet to be answered.
MENTIONED IN THIS ARTICLE
Gulf Coast
Midwest
Katrina
U.S
Medicaid Estate Recovery and Windfalls in Nursing Home Care
The text explains Medicaid estate recovery rules after a nursing home stay and unpaid care costs. It notes that states recover costs from the decedent’s estate, often targeting the home, if expenses occurred after age 55. Hardship exemptions exist, such as a surviving unmarried child who lived with the decedent for a year, or a child under 21, blind, or disabled.
Judge OKs $32.5 million Westar shareholder settlement
U S District Judge Julie Robinson approved a $32.5 million class action settlement by Westar Energy shareholders over merger details and spin off plans. Westar will pay $1.25 million with insurers covering the rest, after 2003 lawsuits alleging misled investors and an internal probe into former CEO David Wittig and others. Jurors are weighing federal fraud money laundering and conspiracy charges against Wittig and Lake.
MENTIONED IN THIS ARTICLE
KaNsAs City
Kan
Westar Energy Inc
U.S
Julie Robinson
Westar
Kansas
David Wittig
Douglas Lake
Wittig
Lake
Robinson
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Mark Fagan
Mfagan
Ljworld.com
Labor
Touts
Srothschild
Scott Rothschild
M. Spencer Green
Mirya Oliver
Hancock Bank
Bay St. Louis
Miss. Oliver
Adam Geller
Associated Press
New York Board of Trade
Florida
Mary Altaffer
Dad
Jan Warner
Jan Collins
Axtsteps.net
Oks
Oya
Ej Institute OF Technology
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