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Finance & Capital Management

  • Furrs Announces Fleming Transaction Anticipated to Close by August 31, 2001

    Furrs Supermarkets announced today that the sale of stores to Fleming Companies Inc. is projected to close onFriday, Aug. 31.
  • Union Grocery Workers Strike in Houston Area

    workers at Rice Epicurean Markets walked off the job and marched in picketlines Monday after contract negotiations with the supermarket chain collapsed.
  • Marsh Acquisition of O'Malia's Now Complete

    The purchase of O'Malia Food Markets by Marsh Supermarkets Inc. is now officially complete, according to Don E. Marsh, chairman, president and CEO of the acquiring food chain. O'Malia's will continue to operate under that name as a separate division of Marsh Supermarkets.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
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