CLEVELAND - Two men who ran five grocery stores in Ohio have admitted swindling $15 million from the federal food-stamp program and laundering the money through banks in Ohio and the Middle East, The Associated Press reports.
WASHINGTON - Homeland security chief Tom Ridge on Thursday told food industry officials the Bush administration is looking at making a single federal agency responsible for food safety, The Associated Press reports.
TOKYO - Wal-Mart Stores Inc. has agreed to purchase a strategic stake in The Seiyu Ltd. (Seiyu), a leading $8 billion Japanese retail chain that focuses primarily on supermarkets and general merchandising stores.
BOISE, Idaho - Albertson's, Inc. on Wednesday reported sales of $9.7 billion for the fourth quarter ended Jan. 31, 2002, a 1.2 percent increase from last year's final quarter.
DETROIT - Kmart Corp. today announced it will close 284 under-performing stores in 40 states and Puerto Rico, and eliminate around 22,000 positions as part of its restructuring under Chapter 11 bankruptcy.
SCHAUMBURG, Ill. - ACNielsen U.S., an operating unit of ACNielsen, a VNU company, today announced the renewal of its information-sharing contract with Target Corporation.
