Safeway gets second request for merger info from FTC
Pleasanton, Calif. — Safeway Inc. has received a request for additional information and documents from the Federal Trade Commission ("FTC") in connection with the FTC’s review of the previously announced agreement and plan of merger among Safeway and Albertson’s. The second request extends the waiting period imposed by the Hart-Scott-Rodino Antitrust Improvements Act of 1976 until 30 days after Safeway and Albertsons have substantially complied with the second request, unless that period is extended voluntarily by the parties or terminated sooner by the FTC.
Safeway and Albertsons say they have been working, and will continue to work, cooperatively with the FTC.
PriceSmart has sharp Q2
San Diego – PriceSmart Inc. reported increases in net earnings and revenues during the second quarter of fiscal 2014. Compared to the same period a year earlier, net earnings rose 14% to $28.3 million, from $24.9 million.
Revenues climbed 11% to $674.4 million from $607.4 million. The opening of two new warehouse club stores contributed to PriceSmart’s fiscal performance.
Sony Entertainment launches mobile content purchase in Canada
San Mateo, Calif. — Sony Network Entertainment International LLC and Sony Computer Entertainment America LLC have unveiled a new feature that enables users of participating mobile networks in Canada to top up their account wallet to purchase content from the PlayStation Store and across Sony Entertainment Network using a mobile phone account. Working with mobile payments company Boku, the process allows users to obtain PlayStation Store and Sony Entertainment Network content, including downloadable games, add-ons, themes, movies and TV shows, as well as subscriptions to the Music Unlimited service, with a mobile device.
Mobile billing works in conjunction with select mobile network operators in Canada. From launch, wallet top-ups with mobile billing can be made through the PlayStation Store on PlayStation3 systems or Account Management via the Sony Entertainment Network website. Customers can choose "mobile" as the payment option, enter their mobile phone number, and respond via SMS to confirm the wallet top-up. The wallet top-up charge will appear on their next mobile phone bill, or is debited against their pre-paid account.
"Offering customers the best entertainment content across the PlayStation Store and Sony Entertainment Network is our top priority," said Eric Lempel, VP, Sony Network Entertainment International. "Mobile billing is another secure and convenient way for users to fund their wallet for immediate access to the content they want."