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Bloomberg reports that Energy Transfer Partners, described as the owner of 35,000 miles of natural gas pipelines, is acquiring c-store owner Susser Holdings for about $1.8 billion. According to the story, "the Susser deal builds the company’s retail presence in Texas, where an oil-drilling boom is driving economic growth."


• In the UK, the Guardian reports that Tesco CEO Philip Clarke "faced fresh pressure yesterday after another rating agency warned of a potential cut to its credit rating. Standard & Poor's (S&P) changed its outlook on Tesco's debt from stable to negative, a move that flags the supermarket is more likely to have its rating cut than raised … The change of stance follows in the footsteps of fellow ratings agency Moody's which on Friday warned it was considering cutting the supermarket chain's credit rating for a second time."

Tesco is facing a number of issues, including declining sales and market share in the UK, as well as questions about management's ability to cope with current challenges.


• Whole Foods has announced that it will begin utilizing new technology in one of its Washington State stores that will "be capable of combining outdated perishable foods and produce, blending it into a nutrient-rich liquid, providing it to local farmers for fertilizing crops, living up to the company’s commitment of practicing environmental stewardship as Whole Foods Market states." The equipment is described as "neighborhood-friendly as the machine is clean, odor free, inaccessible to pests and quiet compared to conventional composting methods. The tank can process up to 4,000 pounds daily of scraps coming from meats, bones, produce, flowers, compostable paper products, and fats and oils."

The equipment was developed by bio-clean technology company WISErg Corporation.


Salon reports that because of extreme weather has wreaked havoc on the Brazilian coffee business, Starbucks has stopped sourcing beans there.

The story notes that "Brazil, which is responsible for about a third of global coffee output, in the midst of its worst drought in decades; as a result, coffee production is down, and prices are way up — futures have surged about 90 percent this year. Once the drought is over, things are only expected to get worst: heavy rains anticipated for later this year threaten to further slow the harvest and reduce crop quality."

While Starbucks is not raising prices at this time, it is believed that eventually the problems will drive up coffee prices for consumers.
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