- Costco reportedly is putting its plans to build any new stores in Montana on hold, concerned about proposed legislation there that would put a tax on “big box” stores. The proposal would impose a 1 percent tax on gross retail receipts between $10 million and $20 million; a 1.5 percent tax on receipts between $20 million and $30 million; and a 2 percent tax on receipts above $30 million.
A similar piece of legislation was narrowly defeated in Montana back in 2003.
- In the UK, William Morrison Supermarkets reportedly is considering the sale of as many as 60 Safeway plc stores that it feels do not fit its long-term plans.
- The Fred Hutchinson Cancer Research Center in Seattle has released a new study that it says offers new evidence that consumption of red wine may reduce the risk of prostate cancer in middle-aged men.