IN RESPONSE TO A MOTION filed by Food Lion, Salisbury, N.C., in its lawsuit against ABC, federal Judge N. Carlton Tilley last week ordered a hearing for Oct. 14, after which he will decide what part of the case would be retried if Food Lion rejects his proposed reduction of the punitive damages the network must pay the chain -- from $5.5 million to $315,000. The hearing will take place in U.S. District Court, Winston-Salem, N.C.
o's, Cheshire, Conn. An ad in Long Island's newspaper, Newsday, said, "Four Days Only: 10% off your entire grocery order. No minimum, no maximum, no limits, no kidding. Double coupons, too." A spokesman for the chain called the promotion, "An aggressive move by the company to thank loyal customers for their continued patronage and to help offset negative attention by the grocery warehouse union." A union official told SN the picketing is having a visible effect on store traffic.
RALPHS GROCERY CO., Compton, Calif., plans to exchange $155 million in private securities for essentially similar 11% senior subordinated notes sold privately March 26. The exchange would register the private notes with the Securities and Exchange Commission, allowing them to be resold. The new 11% exchange notes would mature in 2005.
CUB FOODS' 11th annual Sixty-Five Roses Golf Classic, held last week in Castle Rock, Colo., raised $215,000 for the fight against cystic fibrosis, the No. 1 genetic killer of children and young adults in the United States.
