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Moody’s: U.S. supermarkets’ profits to rise in 2017
Moody's Investors Service has some good news for the U.S. supermarket industry. Grocery stores’ operating profits will grow at a fairly healthy rate again this year after a disappointing 2016, according to Moody’s new report, "Companies Will Perform Better in 2017 as Deflationary Pressure Wanes. Profitability last year was crimped by an unprecedented level of deflation for an economy not in recession, the report noted, but as downward pressure on prices wanes, things will pick up in the latter half of this year. -
Starbucks in hiring spree fueled by continuing store expansion
Starbucks Corp. is ramping up its job hiring, here and abroad. It’s also doubling down on its commitment to the nation’s veterans. Hosting its 25th annual shareholders meeting in Seattle, the coffee giant announced plans to create more than 240,000 jobs around the world, including 68,000 jobs in the United States, by 2021.

