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Showing posts from January 14, 2013

FOCUS ON RETAIL: Supervalu sells grocery chains, including Albertsons, to Cerberus ...

An Albertsons supermarket in Glendale. The grocery chain, among others, is being sold by Supervalu to an investor group owned by Cerberus. (Mel Melcon / Los Angeles Times / January 10, 2013)

By Tiffany Hsu

January 10, 2013, 8:14 a.m.

Supervalu Inc. is selling five of its top supermarket chains — Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market — to an investor group owned by Cerberus Capital Management for $100 million in cash.

Cerberus’ AB Acquisition group will also acquire $3.2 billion in debt in taking over the 877 stores.

In addition, the investor group said it will try to take between a 19.9% and 30% stake in Supervalu. The tender offer of $4 a share represents a nearly 32% premium on Supervalu’s closing price Wednesday.

Eden Prairie, Minn.-based Supervalu will be left with its wholesaling business, 1,300 Save-A-Lot discount grocery stores and regional chains Cub, Farm Fresh, Shoppers, Shop ‘n Save and Hornbacher’s.

Supervalu stock was up as much as 19% Thursday, reaching $3.62 a s…


Since its beginnings, Dakar rally organisers constantly seek out means to reduce its impact on the environment and to preserve the heritage of the countries that it crosses.

Dakar environmental commitments:


Food Safety Rules Tied To FSMA May Be Ignored By Industry ...

Posted: 01/12/2013 2:25 pm EST | Updated: 01/12/2013 2:52 pm EST

President Barack Obama came into office during one of the worst salmonella outbreaks in United States history, in which at least 700 people fell ill after eating tainted peanut butter. Days after his inauguration, he pledged to make peanut butter (and all American food) safe to eat, a promise he seemed to be on the way to fulfilling when signing the Food Safety Modernization Act (FSMA) into law on Jan. 4, 2011.

Yet the actual impact of the law remained unclear until the release of the regulations for produce and preventive controls this January, exactly two years later. The rules detail the measures farms and food manufacturers must take to reduce the risk that their food will make people sick, from writing food safety plans to making clean bathrooms readily available to farm workers. These regulations are widely considered the most significant to hit the food industry since nutritional labels became standard in 1990.




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Mango Offers a Sustainable Alternative as Furniture Wood ...

By Matt Chappell

January 14, 2013 11:40:27 am

Mango wood’s fine-grain texture makes it extremely easy and quick to finish as it does not need extensive sanding or sealing.

With increasing pressure on manufacturers and consumers to supply and buy ‘green’ products, sustainable and responsibly sourced materials are well on their way to pervading the market thoroughly.

 One area that has always been a source of heated discussion is the lumber trade. The furniture sphere in particular often comes under scrutiny for putting luxury before sustainability. 

Cue mango wood. Mango wood is a relatively new commercial manufacturing material and one that is growing in popularity amongst designers, manufacturers and consumers alike. 

The reasons behind its popularity are numerous, but the most important factor is its sustainable nature.

The fruit trade is one of the oldest in the world, and the demand for fruit is unlikely to waver. Due to the huge demand for the mango, there has always been a large demand…


Vilsack to Stay as Agriculture Secretary for Obama Second Term ...

By Alan Bjerga - Jan 14, 2013 11:38 AM ET

Tom Vilsack will stay on as U.S. agriculture secretary during President Barack Obama’s second term, said people familiar with the matter who asked not to be identified before an announcement later today.

During his first four years in office, Vilsack, 62, has pushed for expanded export markets as U.S. farmers earned near record profits and enjoyed the highest land values ever. 

Should he serve until 2017, the former Iowa governor would be the first person to head the Department of Agriculture for two terms since Orville Freeman led the agency under presidents John Kennedy and Lyndon Johnson in the 1960s.

Agriculture “hasn’t been an area the president has had to worry about a lot in the past few years” thanks to farm-sector prosperity, Mark McMinimy, an analyst at Guggenheim Washington Research Group in Washington, said in an interview. Vilsack “has done enough to earn a second term,” he said.

The USDA has a budget of about $150 billion and is the t…


Here we go for the second week ! 

Today : Stage 9, the longest in the 2013 Dakar with a 593 km special for the cars, the motorcycles and the quads.

Live on and official mobile applications


★ Results - Stage 9 - Tucuman > Cordoba ★

Ales Loprais for the win, Eduard Nikolaev new leader and Gerard De Rooy has maybe lost the Dakar.


2. VERSLUIS (NLD) - 00:00:07

3. KARGINOV (RUS) - 00:01:36

All information on!


SOLAR POWER: A Sunny Future for Mexico ...

by Staff Writers
Mexico City, Mexico (SPX) Jan 14, 2013

File image: Sonora Desert.

The scorching hot Sonora Desert in Northern Mexico isn't exactly a hospitable place for human beings, but some consider it a goldmine. 

According to experts, a mere 25 square kilometers could provide enough solar energy to supply Mexico's 114 million inhabitants with electricity.

Mexico is the perfect place to invest in solar energy; Global Horizontal Irradiation (GHI) averages approximately 5 kWh/m2/day. 

In fact, a June 2009 GTZ report indicated that 0,06% of Mexico's national territory would be sufficient to generate the entire electricity consumption of the country.

Moreover, Mexico has an open economy, which has shown remarkable resilience despite a severe backlash from the international crisis in 2009. Growth amounted to 3,8% last year, with similar figures expected for 2013. Its geographical advantage as the United States' nextdoor neighbor and its plethora of free trade agreements attra…

AIR CARGO: LAX Air Freight Dives 10.7 Percent ...

JOC Staff |

 Dec 01, 2011 2:56PM EST

Air freight volume at Los Angeles International Airport fell 10.7 percent, the steepest decline of the year and a stark sign of the weak market for imports from Asia in a lackluster peak expedited shipping season.

The drop was the seventh straight year-over-year decline at North America’s largest trans-Pacific air cargo gateway and came as carriers began pulling back capacity amid disappointing  demand

Freight volume at LAX expanded only slightly — just 0.8 percent — from September to October, following the slow-growth pattern ocean carriers reported in a cheerless peak season on the water.

Los Angeles hasn’t seen any year-over-year growth in air freight since March and October’s total tonnage was below even the results LAX saw in October 2008, at the start of the global trade downturn. 

For the first 10 months of 2011, air freight tonnage at the airport was down 5.3 percent compared to the same period the year before.…

RETAIL : Wal-Mart's Latin American head to retire amid bribery probe in Mexico ...

Wal-Mart's Latin America head to retire

Associated Press – Fri, Jan 11, 2013

NEW YORK (AP) -- Wal-Mart Stores Inc. announced Friday that the president and CEO of Wal-Mart Latin America, who oversaw the company's Mexico business during the time of an internal investigation of a bribery scandal, will retire in March.

In a press release, the Bentonville, Ark.-based retailer said that Eduardo Solorzano Morales will be succeeded by Enrique Ostale, president and CEO of Wal-Mart Chile.

Solorzano will continue as chairman of the board at Wal-Mart's Mexico unit.

Gian Carlo Nucci, who is executive vice president and chief operating officer of Wal-Mart Mexico, will succeed Ostale.

Solorzano led Wal-Mart's Mexico unit from 2005 until 2010 and oversaw dramatic expansion of the business. With the company's acquisition of Wal-Mart's operations in Central America, he was instrumental in expanding the company beyond Mexico. In addition, he was responsible for the conception and creat…