• The Federal Trade Commission (FTC) has made a second request to the Great Atlantic & Pacific Tea Co. (A&P) for information related to its proposed $679 million acquisition of Pathmark Stores.
• Kmart reportedly has launched something called The Caregivers Marketplace, which offers cash rebates on brand name health care products to family caregivers.
“The typical family caregiver is a woman over the age of 45 who is handling family and work responsibilities in addition to her caregiving responsibilities," said Gail Hunt, president and CEO, National Alliance for Caregiving. "We see The Caregivers Marketplace as helping caregivers with one small piece of that potentially huge financial responsibility they may be facing."
• The New York Times reports this morning that hundreds of dairy farmers across the country are rushing to switch to become certified organic milk producers before more stringent regulations take effect later this year – to the point that there is expected to be a glut of organic milk, which is a turnaround from the usual and chronic shortage of organic milk.
• USA Today reports that melamine, “a nitrogen-rich chemical used to make plastic and sometimes as a fertilizer may have been deliberately added to an ingredient in pet food that has sickened and killed cats and dogs across the country, public and private officials say. A leading theory is that it was added to fake higher protein levels.”
However, the US Food and Drug Administration (FDA) doesn’t know how the melamine got into the pet food, whether it might have been deliberate, and has not been able to get invitations to the Chinese factories to allow its inspectors to investigate the facilities.
• Seattle-based Associated Grocers and Sabey Corporation announce that their sale/leaseback agreement, made in principle in February this year, for AG’s 55.27 acre Seattle headquarters and distribution facility has been finalized and closed. Terms of the sale leaseback include a $91 million sale price and up to a four-year leaseback of the property.
• Kmart reportedly has launched something called The Caregivers Marketplace, which offers cash rebates on brand name health care products to family caregivers.
“The typical family caregiver is a woman over the age of 45 who is handling family and work responsibilities in addition to her caregiving responsibilities," said Gail Hunt, president and CEO, National Alliance for Caregiving. "We see The Caregivers Marketplace as helping caregivers with one small piece of that potentially huge financial responsibility they may be facing."
• The New York Times reports this morning that hundreds of dairy farmers across the country are rushing to switch to become certified organic milk producers before more stringent regulations take effect later this year – to the point that there is expected to be a glut of organic milk, which is a turnaround from the usual and chronic shortage of organic milk.
• USA Today reports that melamine, “a nitrogen-rich chemical used to make plastic and sometimes as a fertilizer may have been deliberately added to an ingredient in pet food that has sickened and killed cats and dogs across the country, public and private officials say. A leading theory is that it was added to fake higher protein levels.”
However, the US Food and Drug Administration (FDA) doesn’t know how the melamine got into the pet food, whether it might have been deliberate, and has not been able to get invitations to the Chinese factories to allow its inspectors to investigate the facilities.
• Seattle-based Associated Grocers and Sabey Corporation announce that their sale/leaseback agreement, made in principle in February this year, for AG’s 55.27 acre Seattle headquarters and distribution facility has been finalized and closed. Terms of the sale leaseback include a $91 million sale price and up to a four-year leaseback of the property.
- KC's View:
