ARCADIA, Calif. -- "This company is not broken," Larry Del Santo, Vons Cos.' newly installed vice chairman and chief executive officer, told the annual shareholders meeting here last week. In remarks just two weeks after rejoining Vons from American Stores Co., Del Santo said Vons' cost-cutting and price-lowering moves have placed the company on the right course. "This company has done a terrific job of cutting expenses and streamlining operations," Del Santo said. "Lower costs have to ...

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