QUALITY FOOD CENTERS, Bellevue, Wash., said it has filed a request to list its common shares on the New York Stock Exchange, beginning on or about Feb. 20. It said it will continue trading its shares on the Nasdaq until the new listing is effective.
ICHELIEU, Montreal, said its directors have authorized a buyback of up to 2 million Class A subordinate shares, or 4.1% of the Class A shares not held by insiders. The buyback, which began last week, will end Feb. 10, 1998. Under a buyback that expired Feb. 4, the company purchased 947,800 Class A shares.
FLEMING COS., Oklahoma City, has been targeted for underperformance by the California Public Employees' Retirement System, the nation's largest public-employee pension fund, which owns just under 1% of Fleming's stock. A Fleming official said the company has laid the groundwork to improve performance for shareholders through its re-engineering efforts.
EMPLOYEES AT A WAL-MART STORE in Windsor, Ontario, have been given the right to unionize by the Ontario Labor Relations Board, which overturned a vote of 151 to 43 last May against affiliation with the United Steelworkers Union. Wal-Mart, which has a stellar track record in blocking unions from organizing its stores, said it may appeal to the board.
C. MANLY MOLPUS, president and chief executive officer of the Grocery Manufacturers of America, said in a speech last week that brand manufacturers should greet the demands of home delivery "as an opportunity -- with new products, new packaging, new shelf-life technology and new delivery systems."
