ARTICLES BY THIS AUTHOR
- 8/27/2001
Seller of Online Currency May Have Been Victim of Fraud
Flooz.com, a purveyor of online currency used as electronic giftcertificates, officially ceased operations over the weekend,according to its chief executive, Robert Levitan. It fell victim to asoftening economy and a sour investment atmosphere. But Internetfraud may have sped its demise, a person close to the company said. - 8/27/2001
Kraft Foods Acquires Borden Shelf-Stable Pasta Line
Kraft Foods Inc. (NYSE: KFT - news), a global leader in branded foods and beverages, today announcedthat it has purchased the It's Pasta Anytime! convenient meal business and certain assets from Borden Foods Corporation. The brand was introduced in April 2000, andyear one retail revenues were about $36 million. - 8/27/2001
Nine Former Furr's Markets in New Mexico to Remain Under UFCW Contracts
Local 1564 of the United Food and Commercial Workers Union today announced that it had negotiatedto retain nine former Furr's supermarkets under union contract. Union President Diane Vigil-Kimberle said that Smith's Food and Drug had agreed to union contracts for seven former Furr's stores. Raley's markets has agreed to twostores under contract. - 8/27/2001
Kroger Cooperates with Ground Beef Recall Announced by American FoodsGroup, Inc.
The Kroger Co. (NYSE: KR - news) today said it is cooperating with a ground beef recallannounced by American Foods Group, Inc., a wholesale meat supplier based in Green Bay, Wisconsin.American Foods announced the recall as a precautionary measure after the U.S. Department of Agriculture (USDA) detected thepresence of Escherichia coli O157:H7 (E. coli) bacteria in a sample of beef processed by American Foods. - 8/27/2001
Delhaize Group Announces Second Quarter Earnings
Delhaize Group (Euronext Brussels: DELB; NYSE: DEG) will release its second quarter earnings on Thursday,September 6, 2001 at 2:00 p.m. CET (8:00 a.m. EST) for the thirteen weeks ended June 30, 2001. Immediately following, Delhaize Group will conduct an investors'conference call at 3:00 p.m. CET (9:00 a.m. EST) on Thursday September 6, 2001. The Delhaize Group management team will be discussing the financial results forsecond quarter 2001. - 8/27/2001
Ahold to Appoint former U.S. Ambassador Cynthia Schneider to Supervisory Board
Ahold, the international food retail and foodservice company, todayannounced its intention to appoint Dr. Cynthia P. Schneider, the former U.S. ambassador to The Netherlands, to its SupervisoryBoard. An Extraordinary Shareholders Meeting will be convened on Sept. 20, 2001, during which stockholders of Royal Ahold willhave the opportunity to approve the nomination. - 8/27/2001
Wal-Mart builds Eight New Distribution Centers to Support Rapid Growth
HOUSTON--(BUSINESS WIRE)--Aug. 27, 2001--Industrialinfo.com (Industrial Information Resources Inc.: Houston, Texas)confirms that Wal-Mart Stores, Inc. (NYSE:WMT - news; Bentonville, Ar.) plans to open approximately 210 new discount storesand supercenters domestically in 2002. - 8/24/2001
Laurel Grocery Co. Continues Expansion into Eastern Ohio, Forms Ad Group
Laurel Grocery Company announced their continued expansion into Eastern Ohio with the agreement from several IGA retailers to form an ad group and be supplied by Laurel. - 8/23/2001
July's Haul For Online Retailers Was $4 Billion
A monthly estimate of online spending by U.S.consumers suggests that Internet shoppers forkedout about the same amount in July - nearly $4billion - as they did during the same period a yearago. - 8/23/2001
McCain Foods, Heinz to Acquire Anchor Food Products
McCain Foods Limited will acquire the production facilities and food service business of Anchor Food Products Inc. in a three-party transaction. H.J. Heinz Company will purchase the company's branded products sold to retail outlets, including supermarkets and club stores.