Weekly News Roundup: Safeway (NYSE:SWY)

Here’s a run-down of Safeway (NYSE:SWY) news briefs from last week. Safeway (NYSE:SWY) stocks ended the week at 22.9 (as of 10/29/2010). Weekly News Roundup: Safeway (NYSE:SWY) Tuesday 26 October Safeway (NYSE:SWY) quarterly figures are down slightly. Safeway (NYSE:SWY) quarter figures have been downgraded slightly in the third quarter of 2010 compared to the third quarter of 2009. The company's net income was $122.8 million for the third quarter of 2010 compared to $128.8 million for the third quarter of 2009. Safeway Inc. is one of the largest food and drug retailers in North America based on sales. The company operates 1,702 stores in the US and Canada. Steve Burd, chairman, president and CEO said that  "Our third quarter results were in line with our expectations. The trend in price per item improved during the quarter. We expect this trend to continue." Friday 29 October Safeway Foundation has awarded $90,000 in grants to local charities. During this award, the foundation distributed approximately $90,000 in grants to 25 local charities, which is funded through the generous contributions of Safeway employees throughout its Eastern Division. The Foundation distributes more than $200,000 annually with special emphasis on organizations in the areas of hunger relief, education, health and human services and special needs. Gregory Ten Eyck, chairman of Safeway Foundation for the Eastern Division said that "The employees of Safeway are proud to be able to support local organizations like this that touch the lives of our customers." We will be monitoring the Safeway (NYSE:SWY) share price for developments over the next few weeks.
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