Finance & Capital Management

Target Corp. on Tuesday reported earnings per share for the second quarter ended August 4, 2001 of 30 cents, compared with 28 cents in the second quarter ended July 29, 2000.

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.