SANTA FE, N.M. - Santa Fe Natural Tobacco Company has signed a merger agreement with R.J. Reynolds Tobacco Holdings Inc., under which RJR will acquire 100 percent of the shares of Sante Fe for $340 million.
BENTONVILLE, Ark. - Wal-Mart Stores Inc. told Reuters news service on Friday that it is well-prepared to battle Kroger Co. and other grocery chains on food prices, but it will pinch profit margins.
NORTH BRUNSWICK, NJ - Netgrocer, a nationwide online retailer and e-commerce service provider, announced today the promotions of Lisa Kent to CEO and Wayne Marshall to chief operating officer.
LONDON - Baby Boomers who are concerned with their health are fueling a sharp rise in demand for functional foods or "nutraceuticals," according to a report published today by market research firm Datamonitor.
WASHINGTON - The obesity epidemic in America may soon overtake tobacco as the leading cause of preventable deaths, Surgeon General David Satcher warned today. He looked to schools, the fast-food industry and communities to eat healthier and exercise more.
NEW YORK - A price war among U.S. supermarkets could be on the horizon after industry leader Kroger Co. recently signaled it is modeling its business on Wal-Mart Stores Inc., Reuters reports.
