PHOTO/INTERVIEW OPPORTUNITIES:* Ask Cub shoppers if they plan to start using alternative ways of bringingtheir groceries home (e.g., tote bags) and about other green activities theyparticipate in at home. * Talk to a Cub Foods manager to find out how Twin Cities residents can takeadvantage of the “It`s in the Bag” free recycling service.BACKGROUND:Cub Foods provides consumers with the freshest produce, widest selection andgreatest value available today. In addition to innovative natural, ethnic andcertified organic food sections, Cub stores offer shoppers added conveniences,such as in-store pharmacy and banking. Cub Foods was established in 1968 as oneof the nation`s first discount grocery stores. The organization was purchased in1980 by SUPERVALU and currently operates 58 stores in the Twin Cities.
Cub FoodsLee Ann Jorgenson, 651-779-2132 or orPadilla Speer BeardsleyKimberly Huston, 612-455-1704 or Copyright Business Wire 2009. 1. Crosstown Classic (Chicago Cubs/Chicago White Sox) – both teams are clinging to first place in their divisions.2. Citrus Series (Florida Marlins/Tampa Bay Rays) – Tampa is building its first place lead while Florida is only a 1/2 game behind.3. Boston-Philly Showdown (Philadelphia Phillies/Boston Red Sox) – Philadelphia is in first and Boston’s leading the wild card.4. Freeway Series (Los Angeles Dodgers/Los Angeles Angels) – Angels are comfortably in first place and Dodgers can make an easy comeback in the West.5. Border Battle (Milwaukee Brewers/Minnesota Twins) – two of the hottest teams in baseball.6.
Subway Series (New York Mets/New York Yankees) – both teams are in third place, but neither should be counted out.7. Bay Bridge Series (San Francisco Giants/Oakland A’s) – Oakland is on-fire and anybody – even the Giants – can win the NL West.8 I-70 Series (St. Louis Cardinals/Kansas City Royals) – Cardinals are quielty creeping behind the Cubs and Kansas City is improving majorly.9. Lone Star Shootout (Houston Astros/Texas Rangers) – Rangers are playing really well and the Astros usually play a lot stronger in the second half.10. Beltway Series (Washington Nationals/Baltimore Orioles) – Orioles are 2 over .500, but the Nationals are one of the worst in baseball.11.
Battle of Ohio (Cincinnati Reds/Cleveland Indians) – two last place teams in divisions with much stronger Series candidates.. * Regulators exploring 3 pct TCE ratio as standard Regulatory News | Bonds | Funds News | ETFs News * No decision on if stress test banks will be held to it * Stress test results expected May 4(Adds details on stress tests, Geithner prior comments) WASHINGTON, April 22 (Reuters) – U.S. regulators want thetop 19 banks being stress-tested to have at least 3 percenttangible common equity, according to a source familiar with theregulatory talks. The source said the discussions on that key ratio werestill fluid, but regulators are discussing using tangiblecommon equity as a key measure for how the banks would fare ifeconomic conditions deteriorate further. Tangible common equity (TCE) is a measure of capitalstrength that has been commanding more investor attention.
Itlooks at how much common equity is supporting a company andignores intangible assets such as goodwill, on the theory that,in bad times, intangible assets are less likely to have value. There has been little consensus on what a bank’sappropriate TCE ratio should be Some argue it should be above5 percent or 7 percent Many major banks have had TCE ratiosbelow 3 percent. Regulators are in the final stages of the examinations inwhich the 19 largest banks are being tested to see how theywould fare should the U.S recession prove unexpectedlysevere. An official at the Federal Reserve said last week that someresults of the stress tests will be revealed on May 4.Regulators will try to prove the rigor of the tests byreleasing a document on April 24 that will explain theunderlying assumptions, the official said. The test results will include a capital recovery plan forbanks that are deemed short of capital if the economic downturnaccelerates.