business news in context, analysis with attitude

...with brief, occasional, italicized and sometimes gratuitous commentary…

• The New Haven Register reports that Big Y has opened its first convenience store/gas station combo, in Lee, Massachusetts, adjacent to a supermarket that it operates there.

The opening comes just three months after Big Y announced a c-store driven partnership with FL Roberts, an automotive services provider. Big Y has said it plans to open addition c-stores, but timing and locations have not been disclosed.

Bloomberg reports that Campbell Soup Co. is seen as a possible acquisition target."

After the purchase of Heinz for $29 billion by 3G Capital and Berkshire Hathaway, the story says, the speculation is that Campbell could be "the next big target in the packaged food industry." Indeed, 3G and Berkshire Hathaway are seen as potential suitors, because it would make sense to combine the Heinz and Campbell portfolios.

Not surprisingly, none of the companies involved are commenting on the speculation.

• The Baltimore Sun reports that Giant and Safeway employees in the DC-Baltimore region have overwhelmingly ratified a new three-year contract that the story says "preserves health benefits and raises wages over three years." Labor leaders said the contract was one of the "best in the business" at a time when retailers are trying to cut back on labor expenses, and the retailers said the contract will allow them to remain competitive in a tough marketplace.

Wow. It really is Christmas.
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