Off the beaten track: Little railroads like NY’s LA&L keep small American towns hummingAVON, N.Y. — After an hour of shunting rail cars aside, a 1964-vintage locomotive operated by Tim “Brown Dog” Carney nudges six hopper-loads down an embankment into a pasta factory. It’s a routine delivery: 540 tons of semolina flour milled in St. Louis from durum wheat grown in North Dakota. Prices rise in June, but economists say it’s just a blip _ falling prices the bigger threatWASHINGTON — Sharply higher prices for everyday goods in June reflected a surge at the gas pump, not the start of a dangerous bout of inflation. In fact, economists say falling prices are the bigger danger. Kraft Foods 1st-quarter profit rises 10 percent, sales slip as consumers keep cutting spendingMILWAUKEE — Kraft Foods Inc. said Tuesday its first-quarter profit rose 10 percent even as sales took a hit from the stronger dollar. The maker of Velveeta, Oreo cookies and Maxwell House coffee says it plans to focus on its core products, where it can make the most money, to emerge from the recession even stronger. |