Kroger Debuts Marketplace as One-Stop Shopping Push
Kroger plans at least three more Kroger Marketplace stores in Columbus by 2005 to blend groceries with broader merchandise such as towels, chairs and kitchen items. Analysts note Wal-Mart’s grocery share pressure and say Kroger must diversify beyond traditional supermarkets.
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Peoria
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Bentonville, Ark
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City Market
Refinance Urge as Mortgage Rates Dip Briefly
Experts urge action as Freddie Mac data show 30 year and 15 year fixed rates at recent lows, ARMs at record lows for June. Forecasters expect a gradual rise through next year, with some predicting year end rates near 7 percent for 30 year loans.
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Credit card rates set to rise after Fed decision
The Federal Reserve raised rates by a quarter point, signaling higher costs for roughly 52.5 million Americans carrying month to month balances. Bank of America and others plan immediate increases for variable rate cards, while fixed-rate holders may see later bumps. Experts warn debt levels and consumer confidence will drive the impact.
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