Tuesday, April 24, 2012
Karl Greenberg, April 24, 2012, 10:17 AM
  • Brutal Time For Safeway San Francisco Chronicle

    The Street is battering Safeway. The company's stock fell last month after a Credit Suisse analyst said its pension accounts were underfunded to the tune of $7 billion. Safeway disputed the figure and said the situation was "a manageable issue, being handled well by all parties involved." Read the whole story...

  • Pinterest Bubble Bursting? San Francisco Chronicle

    So maybe photo sharing isn't a revenue model. After its growth slowed in March, photo-sharing/collecting site Pinterest is losing users in April. Most Pinterest users sign up to the site using their Facebook accounts, and AppData, which monitors how often users of third-party apps and Web sites interact with Facebook, says the number of Facebook-connected Pinterest users has declined precipitously the past 50 days. Monthly active users are down from 11.3 million on March 1 to 11.15 million on April 1 to just 8.3 million today. Read the whole story...

  • Kraft's Breastfeeding Oreo Ad Chicago Tribune

    Kraft Foods has a new ad depicting an infant suckling while clutching an Oreo cookie. The tagline: Milk's favorite cookie. The Northfield, Ill.-based company said the ad was made in Korea and "created by our agency for a one-time use at an advertising awards program." It "was never intended for public distribution or use with consumers" and has not been aired on television in Korea or elsewhere. Apparently the ad is by Korean shop Cheil Worldwide. Read the whole story...

  • Ford Fusion In It To Win It egmCarTech

    Samantha Hoyt, Ford Fusion's marketing manager, said of the totally redesigned 2013 model that the automaker was hoping to make the car a showcase for owners. She said Ford wanted to give owners "great fuel economy, lots of choice, great design and style, but also the typical Ford dependable reliability, all in a stylish package." Ford is mum so far on whether it will make a 350 hp performance version under the SHO moniker that Taurus uses. Hoyt said the subject piques the interest of many, including herself. Notably, she adds that the "platform offers a great opportunity to do just that." Read the whole story...

  • Tesco Coasts On Fresh & Easy Profitability Supermarket News

    Tesco has pushed back the timeframe for reaching a break-even point for its Fresh & Easy Neighborhood Market chain in the U.S. until early 2014 rather than early 2013. "The business is on track to deliver a further significant reduction in losses during the current year, even though the timing of break-even will now be later than our earlier guidance," the company said. "This is because we intend to focus on delivering store-level profitability first before pushing on faster with the expansion we need to create sufficient scale to cover our overheads." Read the whole story...

  • Gen Y Bad With Money USA Today

    Today's twentysomethings hold an average debt of about $45,000, which includes everything from cars to credit cards to student loans to mortgages, according to a PNC financial independence survey released last month. Unemployment for those 18-29 is 12.4%, well above the national rate of 8.2%; and young people face an increasingly complex global economy that is credit-driven and puts more responsibility on individuals to plan for and manage their retirement accounts. The average student loan debt for the class of 2010 is $25,000, per the Project on Student Debt; and the average credit card debt for those 20 to 29 is $1,800. Read the whole story...