Winn-Dixie to Cut 22,000 Jobs in Restructuring
Winn-Dixie plans bankruptcy restructuring shutting 326 of 913 stores and exiting Tennessee, Virginia, and the Carolinas while trimming operations in Florida, Georgia, Alabama, Mississippi, and Louisiana. The move affects 35 percent of stores and 28 percent of a 78,000 workforce, with efforts to find buyers and retain as many workers as possible.
MENTIONED IN THIS ARTICLE
Jacksonville
Fla
Winn-Dixie
Tennessee
Virginia
Carolinas
Florida
Georgia
Alabama
Mississippi
Louisiana
AMC to Acquire Loews Cineplex in Major Theater Merge
Kansas City based AMC Entertainment Inc plans to buy Loews Cineplex Entertainment Corp creating a merged chain with ownership or interests in about 450 theaters across 30 states and 13 countries. Ticket sales lag despite blockbuster releases like Star Wars and Batman prequels, Nielsen Entertainment reports a 7 percent drop.
MENTIONED IN THIS ARTICLE
Kansas City
AMC Entertainment Inc
Loews Cineplex Entertainment Corp
Nielsen Entertainment
P&G Gillette to divest product lines in merger deal
Procter and Gamble and Gillette plan to divest small toothpaste floss and toothbrush lines to gain antitrust approval. The Wall Street Journal cited unnamed people saying the divestitures could be worth several hundred million dollars.
MENTIONED IN THIS ARTICLE
Cincinnati
Procter & Gamble Co
Gillette Co
The
Wall Street Journal
Maytag Malls New Buyout Offer
DES MOINES Iowa Shares of Maytag Corp rose Tuesday after the appliance maker said it will review a 1.28 billion buyout offer from two private equity firms and a rival Chinese manufacturer, a month after Maytag agreed to be acquired by Ripplewood Holdings. In a statement Maytag said it had received a preliminary bid from Bain Capital Blackstone Group and Hater America of 16 per share, 2 more per share than the Ripplewood offer.
MENTIONED IN THIS ARTICLE
Des Moines
Iowa
Maytag Corp
Maytag
Ripplewood Holdings
New York
Bain Capital
Blackstone Group
Hater America
Ripplewood
Bon-Ton to sell credit card ops to HSBC Retail
Bon-Ton Stores Inc will sell its credit card portfolio and related balances to HSBC Retail Services. The deal will close July 1, with HSBC paying cash for balances totaling about 300 million and sharing future credit card revenue. The move will reduce debt and cost about 84 corporate positions at York Pennsylvania HQ.
MENTIONED IN THIS ARTICLE
Bon-ton
Hsbc Retail
Dayton
Bon-Ton Stores Inc
Elder-Beerman
Hsbc Retail Services
Dayton-area
Elder- Beerman
York
HSBC
Prospect
Kroger Reports Strong First Quarter Earnings Rise
Kroger Co, the nation s largest supermarket chain, posted a 12 percent earnings gain for the first quarter helped by lower prices and improved customer service. Revenue rose 6 percent to 17.9 billion and earnings reached 294.3 million or 40 cents per share, with shares up on the NYSE amid a higher outlook.
MENTIONED IN THIS ARTICLE
New York
NYSE
Chg Abb Ltd
AK Steel
At&t
Accenture
AMD
Albertsn
Alcoa
Altria
AmExp
AmintGp If
AmTower
AnalogDev
Avaya
BakrHu
BkofAms
Barrickg
Bearingp If
BellSouth
BestBuy
Brockhr
Boeing
BostonSci
Brinks
Coeur
Cmcbnj S
Corning
EMC Cp
el PasoCp
Elan
Exxonmbi
Fordm
Gateway
Genentch
GenElec
GnMotr
Gillette
Goldmans
Goodyear
Hailibtn
HealthNet
Hewlett P
HomeOp
Honcilint
HostMarr
INCO
IBM
Jpmorgch
John Jin
Kohis
Kraft
Kroger
Libtyma
LillyEli
LowesCos
Lucent
MBNA
Mgmmirs
Marshm
Merck
MerrillLyn
MetLife
Micront
MorgStan
Newscpb
NokiaCp
W7al
NortelNet
Nucor S
Oil States
Omncre
Omnicom
PepsiCo
Pfizer
Phelpd
ProctGam
Providian
QwestCm
ReliantEn
RiteAid
RylCarb
Cincinnati
Kroger Co
Wal- Mart
Wall Street
New York Stock Exchange
David Dillon
Also Mentioned on This Page
Jakis
P&g. Gillette
Maytag Malls
Tytus Ave
Air Product
Air Steel
Jpmorgan Chase
Cincinnati Bel
Cinergy
Convergus Corp
Dp&l
General Motors
Material Sciences
Meadwestvace
NCR
P&g
Pactiv
REX Stores
First Financial
Smurfit-Stone
Oak Hill Fin
Ohio Casualty
Dow Jones
SfgdSci
Sanofi
Schergp
Schimb
Schwab
Seagate T
Selectra
Spratfon
TaiwSemi
Texinst
TimeWarn
TollBros
Transocn
Tycointi
UtdMicro
UsStee
UtdTech S
Wyeth
Xerox
Benjamin Johnson
College of Dentistry
Ohio State University
Dr. Johnson
Robert Garland Dds, Inc
N. Breiel Blvd
Rosedale Rd
Middletown
By Stephanie Irwin
Ity
Bud Bergren
Midwest
Best Buy
Saks Fifth Avenue
Cox News Service
Associated Press
Union Centre Boulevard
West Chester
First Financial Bank Service
First
Chester
Ohio
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