President Obama is expected to formally announce a new rule from the Department of Labor (DOL), raising the salary threshold under which employees must be paid overtime rates for hours worked. Currently, that salary threshold is $455 per week, or $23,660 per year. The proposed DOL rule would dramatically increase that amount to a number […]
Category: Northeast
Posted in, Northeast
IGA Launches New Wellness Initiative, And More…
Supermarket News In Brief… IGA has rolled out IGA Better Choices, a new health and wellness program designed to provide IGA shoppers with information to make informed and balanced decisions about their health and wellness needs and IGA retailers with insights into topics. The Better Choices program, which includes informational components for both IGA shoppers […]
Posted in, Northeast
Cambridge Petroleum Corp. Readies Eight Sites For Bid, And More…
Convenience Store News In Brief… Cambridge Petroleum Corp. (CPC) plans to sell the leasehold rights title and interest in seven gasoline service stations (along with commission contracts with the existing lessees) and the fuel supply on one location through a sealed bid sale to be coordinated by The Energy Exchange of Chicago. The sealed bid […]
Posted in, Northeast
Vermont Farm Is Big Winner At Summer Fancy Food Show, And More…
New Channels News In Brief… Raspberry Rhubarb Goat Milk Caramels from Fat Toad Farm in Vermont is the winner of the sofi Award for outstanding new product of 2015. The confection is one of 33 winners in the annual competition that honors excellence across all specialty food categories, from appetizers to pastas to vinegar. The […]
Posted in, Northeast
Arbor Investments Purchases Massachusetts-Based Concord Foods
Concord Foods LLC of Brockton, Massachusetts, a supplier of retail food products and custom ingredients to nationally recognized supermarkets, food service operators and manufacturers, recently was purchased by Arbor Investments, a Chicago private equity firm. Concord’s four divisions—Concord Foods, Oringer, Red-E-Made and Tempo—serve retailers, food manufacturers and food service establishments across the country. Concord’s retail division […]
Posted in, Northeast
U.S. Senators File Bill To End Online Lotteries
Several U.S. senators have filed a bill that would end online lotteries. These senators include Lindsey Graham (R-South Carolina), Dianne Feinstein (D-California), Kelly Ayotte (R-New Hampshire), Mike Lee (R-Utah), Marco Rubio (R-Florida), Dan Coats (R-Indiana) and Thom Tillis (R-North Carolina). The senators noted that, in December 2011, the Department of Justice (DOJ) published an opinion […]
Posted in, Northeast
Sysco Terminates Merger Agreement With US Foods
Sysco Corp. has terminated its merger agreement with US Foods, days after the U.S. District Court in Washington, D.C., granted the Federal Trade Commission’s request for a preliminary injunction to block the proposed Sysco-US Foods merger. This action also terminates an agreement with Performance Food Group (PFG) to purchase US Foods facilities in 11 markets. […]
Posted in, Northeast
N.Y. Consumer Affairs Probes Whole Foods For Alleged Overcharging Of Prepackaged Foods
The New York Department of Consumer Affairs (DCA) is investigating Whole Foods after allegedly finding that the company’s New York City stores overstated the weights of its pre-packaged products—including meats, dairy and baked goods—resulting in customer overcharges. DCA says it tested packages of 80 different types of pre-packaged products and found all of the products had packages […]