-
Judge approves A&P bankruptcy exit financing
New York City -- The judge in the Great Atlantic & Pacific Tea Company’s Chapter 11 bankruptcy case on Tuesday approved a $750 million exit financing plan for the supermarket operator.
The approval moves A&P closer toward exiting Chapter 11 and operating as a privately held company.
The financing package consists of a $400 million revolving loan and a $350 million term loan from J.P. Morgan Chase and Credit Suisse. -
Report: Walmart Supercenters eliminates overnight greeters
New York City -- Wal-Mart Stores no longer is employing greeters during the overnight shift at its approximate 3,000 U.S. supercenters, Bloomberg reported.
For the past six months, the chain has been reassigning greeters at supercenters to other jobs, the report said.