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NEW YORK - JP Morgan said yesterday that it raised its rating on Supervalu Inc. to "overweight" from "neutral," saying among other factors the company "has demonstrated a more prudent stance with the use of its annual free cash flow than have the management teams of other large traditional food retail companies," reports Reuters.
The stock last traded up $0.37, or 2.6 percent, to $14.74, on the New York Stock Exchange on Thursday.
Gerrity's Market' Owner Among Pa.'s Top 50 Businesswomen
Hershey, PA - Joyce A. Fasula, president/owner, Gerrity's Supermarkets, Inc., a nine-store Scranton-based independent, was named as one of Pennsylvania's 50 Best Women in Business in the eighth annual competition honoring women business leaders and owners who have made significant contributions in creating jobs and achieving economic goals.
The awards honor women business leaders and business owners in the commonwealth who have made significant contributions in creating jobs and achieving economic goals. Fasula, a member-owner of Associated Wholesaler's, Inc. (AWI), a Robesonia, Pa.-based cooperative food distributor, will pick up her trophy from Gov. Ed Rendell during an awards reception on May 12.
In 2002, there were more than 210,000 majority-owned, privately held women-owned firms in Pennsylvania, accounting for 26 percent of all privately held firms in the state. An independent panel of judges selected the 50 winners based on dedication to business growth, biographical information, professional and personal accomplishments, community involvement, and advocacy for women in business.