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CSUS BUSINESS SCHOOL HONORS LOCAL LEADERS

Eight people and an accounting firm were honored Friday evening by the California State University, Stanislaus, College of Business Administration at its annual awards banquet at the Turlock campus. The honors:

  • Outstanding Entrepreneur: Matt Swanson, president of Associated Feed and Supply Co. Inc. in Turlock and a leader in several other businesses
  • Outstanding Community Leader: Veterinarian Rob Santos, whose community work includes the boards of the Turlock Irrigation District and Chatom Union School District
  • Outstanding Special Recognition: Martin Kabat, president and chief executive officer at MedicAlert Foundation International in Turlock
  • Outstanding Business Leader: Fritz Grupe, CEO and chairman of the Grupe Co. in Stockton
  • Outstanding Emerging Business Leader: Jolissa Welch, owner of My Garden Café in Ripon
  • Outstanding Alumni: John Sablan, information technology business systems manager at Foster Farms in Livingston
  • Outstanding Advisory Board Member: Dan Leonard, vice president and chief financial officer at Bronco Wine Co. in Ceres
  • Outstanding Corporate Social Responsibility: Grimbleby Coleman CPAs Inc. of Modesto
  • Outstanding Community Service: Kathy Johnson, an accountant for the Stanislaus County Health Services Agency and volunteer in income tax assistance and adult literacy
  • PRICES STABLE, INDUSTRY STILL WEAK

    Consumer prices were level in April after a slight dip in March. Inflation usually doesn't pick up until well after a recovery begins, noted Mark Vitner, senior economist at Wachovia. If the economy rebounds late this year, as many analysts expect, prices likely will be stable until 2011, he said. The Federal Reserve said output at factories, mines and utilities fell 0.5 percent last month, after revised declines of 1.7 percent in March and 1 percent in February. Still, the report showed U.S. industry remains weak. Industrial production has fallen in 15 of the 17 months since the recession began in December 2007 and is down 16 percent since then.

    RALEY'S OFFERS BUYOUTS TO 3,000 EMPLOYEES

    Raley's will accept 100 buyouts from the 3,000 offers it extended to its veteran employees on Friday. The Sacramento-based grocery chain has sent offers to all clerks and head clerks with more than 15 years experience at its Raley's, Bel Air Markets and Nob Hill Foods stores. Raley's spokeswoman Nicole Townsend said the 100 available buyouts will go to the first employees who accept the offer. She said employees who express interest in the buyout will receive the official package and then have until mid-July to respond. The buyout is open to union and non-union employees.

    GOLD ENDS WEEK ON A HIGH NOTE

    Gold prices closed slightly higher Friday.

    • Gold for June delivery added $2.90 to settle at $931.30 an ounce on the New York Mercantile Exchange.
  • July silver shed 3 cents to $14.01 an ounce, and July copper futures dipped less than a penny to $2.0175 a pound.
  • The dollar jumped against the euro and the pound Friday. The 16-nation euro dropped to $1.3476 in late New York trading from $1.3652 late Thursday in New York, and the British pound fell to $1.5160 from $1.5236. The dollar slipped to 95.07 Japanese yen from 95.71 yen.
  • Light, sweet crude for June delivery dropped $2.28 to settle at $56.34 a barrel.
  • July wheat futures fell 15.75 cents to $5.7750 a bushel, and corn for July delivery lost 11 cents to $4.1725 a bushel.
  • BEE NEWS SERVICES

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