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Friday 28 August 2015
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News Recap: Kroger Co (NYSE:KR), Verisk Analytics, Inc. (NASDAQ:VRSK), TrueCar Inc (NASDAQ:TRUE)

On Thursday, in the course of current trade, Shares of Kroger Co (NYSE:KR), climbed 1.04%, and is now trading at $35.45.

The Kroger Co., declared that associates working at stores in Kroger’s Columbus division have ratified a new labor agreement with UFCW Local 1059.

“We are happy to reach a contract that is good for our associates. This new contract provides wage enhances, affordable health care and ongoing investment in our associates’ pension fund to support their retirement,” said Joe Grieshaber, president of Kroger’s Columbus division. “This agreement comes after thoughtful and productive work by both the company and union bargaining committees. I want to thank our associates for supporting the agreement and for the excellent service they provide to our customers every day.”

The contract covers more than 12,000 associates working in 85 stores, 64 fuel centers and 83 pharmacies in the Columbus metro area and suburbs and region.

The Kroger Co., together with its auxiliaries, operates as a retailer in the United States and internationally. It also manufactures and processes food for sale in its supermarkets. The company operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores.

During an Afternoon trade, Shares of Verisk Analytics, Inc. (NASDAQ:VRSK), raised 2.00%, and is now trading at $74.13.

Verisk Analytics, declared that it has been ranked 18 out of 100 on Forbes magazine’s 2015 list of the World’s Most Innovative Companies. Verisk ranked first among its industry counterparts in the Research & Consulting Services category.

“Most innovation rankings are popularity contests based on past performance or editorial whims,” according to Forbes. “We set out to create something very different with the World’s Most Innovative Companies list, using the wisdom of the crowd. Our method relies on investors’ ability to identify firms they expect to be innovative now and in the future.”

Verisk Analytics, Inc. provides information about risk to professionals in insurance, healthcare, financial services, government, supply chain, and risk administration in the United States and internationally.

Finally, TrueCar Inc (NASDAQ:TRUE), gained 7.01% Thursday.

TrueCar, the negotiation-free car buying and selling mobile marketplace, projects the seasonally adjusted annualized rate (SAAR) for total light vehicle sales should reach 17.4 million units in August as compared to 17.3 million units a year ago, even with a slight decline in overall volume.

Total new vehicle sales, counting fleet deliveries, may decrease by 2.9 percent to 1,539,400 from 1,586,015 a year ago. A later than usual Labor Day holiday weekend this year is pushing the full impact of that major car-buying period for automakers to September. The year-ago month was extremely strong for the industry with sales reaching the highest level for August since 2003. Retail volume may fall 3 percent to 1,364,500.

“Despite the tough comparison with last August, robust demand for crossovers and pickup trucks continues this month and the industry is right on plan to hit our revised 17.2 million-unit projection for 2015,” said Eric Lyman, TrueCar’s vice president of industry insights. “Last August was a very strong month, with a built-in sales bump from Labor Day. With the Labor Day delay, we anticipate a lot of buying activity in September.”

TrueCar, Inc. operates as an Internet-based information, technology, and communication services company. The company operates its platform on the TrueCar Website and TrueCar mobile applications.

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