business news in context, analysis with attitude

Forbes reports that Ahold CEO Anders Moberg says that the process of selling the company’s US Foodservice division “is progressing well,” and that there is “a lot of interest,” though he declined to identify interested buyers.

• The Idaho Statesman reports that “after waiting more than a decade, thousands of Albertsons employees will share $53.3 million to settle allegations that the former Boise-based company forced workers to work ‘off the clock’ and didn't pay overtime.

“More than 7,000 employees will receive an average of about $7,000 each, with some receiving payouts as high as $28,000. Minnesota-based SuperValu, which bought Albertsons last May, agreed to the settlement and also agreed to pay $6.5 million in attorney's fees.”
KC's View: