business news in context, analysis with attitude

The Los Angeles Times reports this morning that in a show of optimism that there may soon to be an end to the four-month-old Southern California supermarket strike, stock prices for Safeway, Kroger, and Albertsons actually went up between one and three percent yesterday.

Thursday was the ninth straight day of negotiations. Today, they go for 10.

The strike/lockout, involving some 60,000 employees represented by the United Food and Commercial Workers (UFCW) union and more than 800 stores owned by the three major chains, began October 11, 2003, and is over compensation and health benefits issues.
KC's View: