Belgian retailer Delhaize in talks to buy assets of southern grocery chain BI-LOOctober 5th, 2009 Belgium's Delhaize in talks for BI-LO assetsBelgian international food retailer Delhaize Group is in talks to buy shops and inventory worth $425 million from South Carolina-based BI-LO, a grocery chain that entered bankruptcy proceedings earlier this year. In a statement Monday, Delhaize Group said it was in non-binding talks to acquire "a substantial majority" of BI-LO's assets.
Citigroup, Best Buy, Charles Schwab, Smithfield Foods, Blockbuster are among big market moversSeptember 15th, 2009 Citigroup, Best Buy, Charles Schwab big moversNEW YORK — The following stocks were among those that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
Citigroup Inc., down 40 cents at $4.12
Media reports said the bank is weighing a multibillion-dollar stock offering to repay bailout aid, while the government cuts its stake. Kroger Co., down $1.65 at $20.46
Consumers' weak spending drove the grocery store to cut prices, hurting second-quarter sales, and it cut its profit guidance for the year.
Deutsche Bank says it's in partnership talks with Sal Oppenheim GroupAugust 5th, 2009 Deutsche Bank in Sal Oppenheim partnership talksFRANKFURT — Deutsche Bank AG may take a minority stake in private bank Sal. Oppenheim Group jr.
The Grocery Game: fun and savingAugust 4th, 2009 You can save a good amount from your grocery bill by participating in The Grocery Game. It is claimed that each week.
Supervalu 1st-quarter profit slips, but adjusted results top Wall Street's expectationsJuly 28th, 2009 Supervalu 1Q profit falls as sales declineMINNEAPOLIS — Grocery chain Supervalu Inc. said Tuesday that its fiscal first-quarter profit dropped 30 percent as sales and profit margins softened as it cut prices and spent more on promotions.
3 inmates break out of Belgian prison in daring helicopter escapeJuly 23rd, 2009 Inmates break out of Belgian prison in helicopterBRUSSELS — Belgian authorities say three inmates made a dramatic escape from prison by helicopter. Bruges prosecutor's office spokesman Marc Florens tells VRT television that an accomplice hijacked a helicopter Thursday and forced its pilot to fly into the prison yard, where the men got inside.
Bankruptcy judge lets Bashas' tap funds; employees and vendors to be paidJuly 16th, 2009 Judge says Bashas' can pay vendors, employeesMESA, Ariz. — A federal bankruptcy judge is allowing bankrupt Bashas' food stores to tap $27.3 million from various accounts to pay wages and benefits earned by employees last week.
Norwegian fertilizers group Yara halts Belgian plant after explosion injures 2June 29th, 2009 Norway's Yara shuts down Belgian plantOSLO — Fertilizers group Yara International ASA announced Monday that it was shutting down its plant in Belgium after an explosion injured two employees and caused serious damage to the facility. Yara spokesman Asle Skredderberget said the plant suffered "substantial" damage in the blast, which occurred Saturday, and that the company has sent a team to investigate.
Kroger's 1Q profit soars 12.7 percent as consumers tighten budgets by buying meals at groceryJune 23rd, 2009 Kroger's 1Q profit soars 12.7 as more eat at homeCINCINNATI — Grocery operator Kroger Co. says first-quarter profit shot up 12.7 percent, as recession-hit households continue to eat at home more and seek food bargains.
Co-founder of exclusive Yellowstone Club has 10 days to arrange turnover of personal fortuneJune 19th, 2009 Resort founder has 10 days for asset decisionsBILLINGS, Mont. — The bankrupt co-founder of Montana's millionaires-only Yellowstone Club has 10 days to arrange how she will part with jewelry, furs, cars, houses, art and furniture.
Judge dismisses racketeering convictions of founder of California's Numero Uno grocery chainJune 9th, 2009 Racketeering convictions of LA grocer dismissedLOS ANGELES — A federal judge has dismissed two of the most serious convictions in a racketeering case against the founder of a Southern California grocery chain. U.S. attorney's spokesman Thom Mrozek says the judge on Tuesday tossed out racketeering and conspiracy convictions against George Torres, founder of the Numero Uno stores.
Frozen assets: Bankrupt Mass. medical device maker lists human cadavers among its propertyJune 3rd, 2009 Mass. company lists cadavers among its assetsMANSFIELD, Mass. — A bankrupt Massachusetts medical device maker left behind some gruesome assets when it shut down earlier this year.
Pier 1 shares gain after retailer says NYSE finds share price in compliance with regulationsMay 5th, 2009 Pier 1 shares climb to 7-month high after NYSE OKFORT WORTH, Texas — Shares of the home decor chain Pier 1 Imports Inc. climbed to a seven-month intraday high Tuesday, a day after the retailer announced it was no longer out of compliance with New York Stock Exchange trading regulations.
Kroger grocery chain backs '09 guidance in analysts' meeting, touts advantagesApril 28th, 2009 Grocery chain Kroger backs '09 outlookCINCINNATI — Kroger Co. leaders listed their company's ability to target customers and its broad portfolio of corporate brands among its competitive advantages in luring spending by today's cautious consumers.
GourmetCITY wins "Most admired food retailer of the year- Innovative retail concept" awardApril 2nd, 2009 MUMBAI - GourmetCITY, the luxury, food and grocery shopping format from HyperCITY Retail (India) Ltd, has been awarded the Coca Cola Golden Spoon "Most admired food retailer of the year - Innovative retail concept" award at the Food Forum of India, 2009 held in Mumbai. Golden Spoon Awards is one of the most eagerly anticipated awards of the food industry.
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