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Corporate Governance

  • Senate Committee Wants to Expand Food Stamp Program

    WASHINGTON - Congress is considering restoring food stamps to legal immigrants who stopped receiving benefits in the 1996 welfare overhaul, The Associated Press reported today.

  • Wal-Mart Reports Record Sales and Earnings

    BENTONVILLE, Ark. - Wal-Mart Stores Inc. today reported record sales and earnings for the quarter ended October 31, 2001. Net income for the quarter was $1.481 billion, up from $1.369 billion for the similar prior year quarter. Total sales were $52.738 billion, an increase of 15.5 percent over the similar prior year quarter.

  • Coca-Cola to Invest $150 Million in China

    SHANGHAI - Coca-Cola Co., the world's number one soft drink company, said today it plans to invest $150 million in China over the next five years to open six bottling plants, Reuters reported.

  • A&P Joins UCCnet Community

    LAWRENCEVILLE, N.J. - UCCnet, a not-for-profit, tax-exempt organization that provides item registration and global data synchronization based on industry developed standards, announced today The Great Atlantic & Pacific Tea Company, Inc. (A&P) will utilize the organization's business-to-business Internet-based services.

  • Chiquita to File for Bankruptcy

    CINCINNATI - Chiquita Brands International Inc. today announced that it has reached agreements with bondholder committees in support of a restructuring plan that will reduce Chiquita's debt and accrued interest by more than $700 million and its future annual interest expense by about $60 million.

  • Kmart Names John McDonald Chief Financial Officer

    TROY, Mich. - Kmart Corporation on Friday announced that John T. McDonald Jr. has been named executive vice president and chief financial officer.

  • Brazil's CBD Buys ABC Supermarket Chain

    SAO PAULO, Brazil - Brazil's largest retailer Companhia Brasileira de Distribuicao (CBD), popularly known as Grupo Pao de Acucar, today finalized negotiations to acquire 100 percent of supermarket chain Supermercados ABC, Reuters reported.

  • WWRE and viaLink Formalize Alliance

    ALEXANDRIA, Va. and DALLAS - The WorldWide Retail Exchange today announced the signing of a definitive agreement with The viaLink Company, the first of several preferred partners for data synchronization services. viaLink will provide advanced, commerce-level data synchronization services to WWRE members and their trading partners.
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