business news in context, analysis with attitude

• The Wall Street Journal reports that the Conference Board is saying that "its index of consumer confidence fell to 111.8 in January down from 113.3 in December ... The decline was driven by a less optimistic outlook for business conditions, jobs and consumer income."

The story notes that "consumer confidence reached a 15-year high in December."

• Albertsons said yesterday, two years after it acquired Safeway, that it has built 23 new stores and acquired another151 stores, in the process adding 26,000 jobs to the company's payroll; the company now employs some 276,000 people.

The company also said that its food donations nationwide topped $271 million last year, up from $245 million in 2015, which it said reflected "a commitment to increasing support for the critical cause of hunger relief."
KC's View: