Spain Elected UN Security Council Nonpermanent Member

Tangier – The United Nations on Thursday elected Angola, Malaysia, New Zealand, Spain and Venezuela for non-permanent seats on the Security Council for two-year terms beginning on January 1, 2015.While Angola, Malaysia, New Zealand, and Venezuela were elected at the first round, the General Assembly had to go for two more rounds to choose the remaining seat. Spain and Turkey were the two candidates competing for the second seat allocated to group of Western European and Other States Group.At the third round of vote, Spain obtained 133 votes, while Turkey obtained 60 votes. For any country to be elected to the Security Council, it needs to receive the votes of two-thirds of the 193 members of the General Assembly, which are 129 votes. Election to the Security Council is made through secret ballot.The new members will join Chad, Chile, Jordan, Lithuania and Nigeria, whose terms end on 31 December 2015, in addition to the veto-wielding five permanent Council members, which are China, France, Russia, the United Kingdom and the United States. read more

Krogers profit beats expectations total sales decline reflects shorter quarter

AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Kroger’s profit beats expectations; total sales decline reflects shorter quarter by Candice Choi, The Associated Press Posted Mar 6, 2014 6:53 am MDT FILE – This June 12, 2012 file photo shows a Kroger store in Indianapolis. The Kroger Co. reports quarterly earnings on Thursday, March 6, 2014. (AP Photo/Michael Conroy, File) NEW YORK, N.Y. – Kroger reported a better-than-expected profit for its fourth quarter Thursday as the nation’s largest supermarket operator saw a key sales figure rise.The Cincinnati-based company, which also operates Ralphs and Fry’s, has fared better than its peers in adapting to a shifting supermarket landscape that is facing intensifying competition. In particular, people are getting their groceries from a wider variety of places, including big-box retailers like Target, specialty chains like Whole Foods, drugstores and dollar stores.To keep pace, Kroger has adapted its store formats, developing both larger and smaller locations to compete in different segments of the market. It’s also trying to improve the in-store experience, whether it’s by expanding specialty food sections or shortening wait times at check-out.For the period ending Feb. 1, Kroger Co. said sales at established locations rose 4.3 per cent, excluding fuel.By comparison, Safeway last month said the figure rose 1.6 per cent in its latest quarter. Safeway, based in Pleasanton, Calif., has also said it’s in talks to put itself up for sale amid ongoing consolidation in the industry.For the quarter, Kroger said it earned $422 million, or 81 cents per share. Excluding one-time items, it earned 78 cents per share, topping the 72 cent per share Wall Street expected.A year ago, it earned $462 million, or 88 cents per share.Revenue slipped to $23.22 billion, reflecting the shorter quarter with one less week compared with last year. But the results were above the $23.15 billion analysts expected.Shares of Kroger were up 2 per cent at $44.63 in premarket trading. read more