U.S. consumer confidence plunges in August
Washington, D.C. — A report released Tuesday by the Conference Board said that confidence among U.S. consumers sunk to a two-year low in August, as Americans faced continued unemployment woes and worsening business and economic conditions.
The Conference Board’s index plunged to 44.5, the weakest since April 2009 and the biggest point drop since October 2008. Economists predicted the August gauge would fall to 52, according to the median forecast in a Bloomberg News survey.
Books-A-Million cleared to take over 14 Borders leases
New York City — A bankruptcy judge gave Books-A-Million the nod Monday to take over the leases of 14 Borders Group stores for just under $1 million.
The stores are located mostly on the East Coast, and Books-A-Million is expected to take over the leases effective Sept. 20.
Kroger stores to observe moment of silence on 9/11
Cincinnati — Kroger Co. will hold a moment of silence of September 11, 2011, in its 2,449 stores nationwide. Stores located in the Eastern Time zone will pause for a moment of silence to remember the victims and honor the heroes of the 9/11 tragedy at 8:46 a.m., the time when American Airlines Flight 11 struck the World Trade Center’s north tower ten years ago.
Because of the time difference, Kroger’s stores in Central, Mountain and Western Time zones will pause for a moment at a locally-designated time on Sunday morning.
"To commemorate the tenth anniversary of the 9/11 attacks, we will invite our customers and associates to join together in a moment of silent reflection in all of our supermarkets," said Dave Dillon, chairman and CEO of Kroger. "We also heard from many associates that they wanted to recognize the heroes in their communities during this time of national remembrance. Many of our stores will also say ‘thank you’ to our everyday heroes — the men and women who keep our families, communities and stores safe — through a variety of activities this September."