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Nash Finch Launches Informal Inquiry on Promotional Allowances
MINNEAPOLIS - Food retailer and distributor Nash Finch Co. said on Friday it had postponed releasing its third-quarter results because of an "informal inquiry" about promotional allowances provided to vendors, which is the subject of a Securities and Exchange Commission review. -
Robert Hawthorne Unexpectedly Steps Down As Head of Ocean Spray Cooperative
BOSTON - Robert Hawthorne unexpectedly resigned as chief executive of Ocean Spray on Wednesday after three years spent struggling to get better prices for the growers who own the cooperative and to compete with beverage giants Coca-Cola, Pepsi-Cola and Cadbury Schweppes, the Associated Press reports.