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December 7, 2012

  Top Story 
  • Tesco likely to quit the U.S., focus closer to home
    Tesco is exploring options for its U.S.-based Fresh & Easy chain, and will likely exit the business entirely and focus resources on reviving the retailer's U.K. business, CEO Phil Clarke said Wednesday. Fresh & Easy hasn't turned a profit since its 2007 launch, and Tim Mason, the executive who runs the operation, will leave Tesco after 30 years. Bloomberg (12/5), The Guardian (London) (12/5) Email this Story
  Industry Tracker 
  • Niagara-on-the-Lake settles on 650,000 SF footprint
    The proposed Niagara-on-the-Lake mega-retail center has received approval for a scaled down development of 650,000 square feet. The developer, Ivanhoe Cambridge, settled with White Oaks Resort and the Town of Lincoln, on the size, which ad originally been proposed at 700,000. The settlement also calls for 550,000 square feet to be built first, with the remainder subject to a market study. The Niagara Falls Review (Ontario) (12/4) Email this Story
  Retail News 

  Finance & Economics 
  • SEC study: Debt issuers would be fine under money-fund revamp
    Cities, states and businesses that issue short-term debt would not be harmed by proposed money-fund rules, according to a study by the Securities and Exchange Commission. The study contradicts claims by the mutual fund industry that the rules would disrupt markets for short-term debt and hurt the economy. Bloomberg (12/6) Email this Story
  Business Best Practices 
  • Study shows telecommuting might prompt more work, less balance
    Employees who telecommute work up to seven more hours a week than those who don't and might find it more difficult to achieve work-life balance compared with those who labor in an office, a University of Texas at Austin study has found. An earlier Pew Networked Workers survey found technology such as e-mail led workers to labor even when on vacation or while sick. EHS Today (12/5) Email this Story
Freedom lies in being bold."
--Robert Frost,
American poet

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