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Wal-Mart Tops Fortune 500Wal-Mart Stores here, with revenues of $219.8 billion, topped Fortune magazine's annual list of America's 500 largest companies this year, unseating Exxon and up from the No. 2 spot last year, the magazine reported last week. SN previously noted in a Jan. 28 article that Wal-Mart was poised to become America's largest company. Fortune noted that this marks the first time a

Wal-Mart Tops Fortune 500

Wal-Mart Stores here, with revenues of $219.8 billion, topped Fortune magazine's annual list of America's 500 largest companies this year, unseating Exxon and up from the No. 2 spot last year, the magazine reported last week. SN previously noted in a Jan. 28 article that Wal-Mart was poised to become America's largest company. Fortune noted that this marks the first time a service company has ranked first in the list. Kroger Co., Cincinnati, was also ranked among the Top 25 companies, coming in at No. 22.

Fleming Offers $260 Million In Notes

DALLAS -- Fleming Cos. here last week said it is offering for sale $260 million of senior subordinated notes due 2012 in a private placement. The net proceeds of the offering will be used to redeem Fleming's currently outstanding $250 million, 10.5% senior-subordinated notes due 2004, and Fleming will issue a formal Notice of Redemption for the 2004 notes shortly, the company said. "The combined benefits of low interest rates and strength in the capital markets provide Fleming an opportunity to essentially extend the maturity on this debt," said Neal J. Rider, executive vice president and chief financial officer.

TAGS: Walmart