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
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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.
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