THE NEWS: Safeway Inc. said its profit slipped 6 percent in the last three months of 2011 as it paid more to stock its shelves.
THE BIG PICTURE: The grocery industry has been struggling to balance the need to pass on its higher expenses without turning off cost-conscious shoppers.
THE CONTROLS: The Pleasanton, Calif.-based supermarket chain is hoping to mitigate the effect of higher expenses by focusing on store brands, which typically carry higher profit margins.
Exposed: Dem Candidate's Misleading Statements on Spending, Borrowing for AZ Universities | Ky Sisson
White House: Ask DOJ About What's in The Fast and Furious Documents Covered By Obama's Executive Privilege | Katie Pavlich
Judge Dismisses Lawsuit Against IRS From Targeted Group True the Vote; Tea Party Outraged | Katie Pavlich