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Breakfast foods are getting pricier PDF  | Print |  E-mail
Written by STEVE ROTHWELL, AP Markets Writer   
Saturday, 22 March 2014 06:21

NEW YORK (AP) — Breakfast is now being served with a side of sticker shock.

The price of bacon is surging and the cost of other morning staples, like coffee and orange juice, is set to rise because of global supply problems, from drought in Brazil to disease on U.S. pig farms.

And it's not just the first meal of the day that's being affected. The cost of meats, fish and eggs led the biggest increase in U.S. food prices in nearly 2 ½ years last month, according to government data. An index that tracks those foods rose 1.2 percent in February and has climbed 4 percent over the last 12 months.

While overall inflation remains low, the increases in food prices are forcing shoppers to search out deals and cut back.

Denise Gauthier, 54, a screenwriter in North Hollywood, Calif., calls the rising prices "shocking and outrageous." To cope, she has become more frugal, hunting for discounts and buying less food overall.

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Wendy's rolls out mobile payment in U.S. restaurants PDF  | Print |  E-mail
Written by Associated Press   
Friday, 21 March 2014 14:35

NEW YORK (AP) — Wendy's is rolling out a program that lets customers pay using their smartphones, following a similar plans unveiled by Burger King this week.

The Wendy's Co., based in Dublin, Ohio, has been testing the mobile payment option over the past year and said the majority of its roughly 5,800 U.S. locations are now ready to accept the payments.

The move reflects a push by fast-food chains to court younger customers by tapping into the attachment they have to their phones.

"If they want to come in and give us business, we want to allow them to pay the way they want to pay," Craig Bahner, chief marketing officer for Wendy's, said in a phone interview.

Burger King Worldwide Inc. also said this week it would introduce a mobile payment program at its U.S. restaurants in April.

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$25,000 reward offered in Texas megachurch theft PDF  | Print |  E-mail
Written by Associated Press   
Saturday, 22 March 2014 06:19

HOUSTON (AP) — A $25,000 reward is being offered for clues to solving a $600,000 theft from the Houston megachurch led by Joel Osteen.

A Crime Stoppers statement Friday announced the reward in the Lakewood Church burglary case. Houston police say $200,000 in cash and $400,000 in checks were taken from a church safe between 2:30 p.m. Sunday, March 9, and 8:30 a.m. Monday, March 10.

No arrests have been made.

Lakewood Church said the money and checks taken, as well as some envelopes with credit card information, had been collected that weekend. Church officials say there was no data breach and the stolen funds are insured. Credit card information was in donation envelopes.

More than 40,000 people attend weekly services led by Osteen, whose televised sermons reach nearly 100 countries.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
Wal-Mart shaking up low price world PDF  | Print |  E-mail
Written by Associated Press   
Friday, 21 March 2014 13:36
NEW YORK (AP) — The "Every Day Low Price" king is trying to shake up the world of pricing once again.
Wal-Mart told The Associated Press that it has rolled out an online tool that allows shoppers to compare its prices on 80,000 food and household products to those of its competitors. The world's largest retailer began offering the feature that's called "Savings Catcher" on its website last month in seven big markets that include Dallas, San Diego and Atlanta.
The move by Wal-Mart, which has a long history of undercutting competitors, could change the way people shop and how other retailers price their merchandise. After all, Americans already increasingly are searching for the lowest prices on their tablets and smartphones while in checkout aisles.
Shoppers do this so often that big retailers that include behemoths like Target and Best Buy have started offering to match the lower prices of rivals — but only if shoppers do the research on their own. The idea behind Wal-Mart's online feature, on the other hand, is to do the legwork for customers.
Last Updated on Friday, 21 March 2014 13:46
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