Finance & Capital Management

Liquidation specialists have gotten fat selling the assets of dead dot-coms, but there is one type of asset they may have overlooked. Website Recycling Company, or Webreco, an online spinoff of the nearly 100-year-oldliquidation company Gordon Brothers, intends to resell or license software mostly from defuncttechnology companies.

Fleming on Monday announced that the company is affirming its previously announced guidance for 2001 adjusted earnings of $1.96 per share, as well as its 2002 and 2003 guidance of $2.50 per share and $3.30 per share, respectively.

The Kroger Co. (NYSE: KR - news) today announced it has reached an agreementto purchase seven supermarkets in New Mexico from Furrs Supermarkets Inc.

Dutch supermarkets group Koninklijke Ahold NV said on Friday it had agreed to settle a lawsuit brought against it by U.S. shareholders in its Internet grocery unit Peapod (NasdaqNM:PPOD - news).

The Penn Traffic Company (Nasdaq: PNFT - news) announced today that same store sales for the second quarter ended August 4, 2001, increased 0.7% from the comparable prior year period.

Sara Lee Corporation announced on Tuesday that it has completed its acquisition of The Earthgrains Company, the number-two player in the fresh bread category. The combined bakery operations of Sara Lee and Earthgrains, which will now be named the Sara Lee Bakery Group, together generate approximately $3.4 billion in annual sales.

Mott's Inc., a wholly-owned subsidiary of London-based Cadbury Schweppes plc, announced on Tuesday it had agreed to acquire the ReaLemon and ReaLime brands and related assets from Eagle Family Foods Inc. for $128 million.

Webvan Group Inc. announced on Monday that it is in the process of soliciting bids for the purchase of its business units, technology platforms and other assets. Interested parties must submit offers to the company by Aug. 27, 2001.