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Show BUSINESS Nhe Salt Lake Tnbune EA Fleming's core business sold to four buyers DALLAS BUSINESS GLANCE quests for comment. Fleming filed for Chapter 11 bankruptcy protection in April Bankrupt gro has sold its core business to four buyers instead of the single buyer who had been previously in Califor ind Wis PARIS Vivendi Universal agreed Tuesday to enter sepa rate, in-depth talks with Gen eral Electric Co.'s NBC unit and an investor group led by Edgar BronfmanJr. over the sale of its consin to Cé&. ale entertainment assets. identified Fleming said in a regulatory filing Monday that it sold wholesale-distri n facilities of Ver mont; a plant. nd to Gro cers Supply Co. of Houston; Mi ami operations to Associated Grocers of Florida; and facilities Northrop Grumman settles with Pentagon After a board meeting lasting WASHINGTON The Penta von announced Tuesday that Northrop Grumman has agreed to pay $60 million to settle a case in which the company’s New port News ShipbuildingInc. more than four hours, Vivendi said it had narrowed a field of bidders to the “two strongest in the Midwest and Southeast to offers. Three other bidders al ready have dropped out of the sale process Vivendi also said it would Associated Wholesale Grocers of Kansas City Terms of the sales were not disclosed Fleming previously had agreed to sell all the facilities to C&S for $400 million Officials with Fleming and the buyers did not respond tore investigated the allegations with the Naval Criminal Inves tigative Service and the Defense Contract Audit Agency Theovercharges werefor “independent research andde velopment” in 1994-99 on a con tract to design and develop double-hulled tankers, the Pen tagon said. Newport News Shipbuilding has been a wholly owned subsidiary of Northrop Grumman since November2001. studios, cable channels and Uni versal theme parks for a mini mum of $14 billion for the com plete package maintain a “substantial minor ity interest” in a United States based media company Hoping to pare billions of dol lars in debt, Vivendi wants to sell its Universal film and TV company expectations to build double-hulled tankers. An EDS spokesman, Kevin Lightfoot, said there could be additional layoffs if redundant jobs and processes arediscovered at the Plano-based com- pany. Lightfoot said, however, that Monday’s filing with the Securities and Exchange Commission does not mean that morelayoffs are imminent. EDShasstruggled for the past year since problems with major contracts and a slowdown in corporate spending on tech- nology dragged downearnings. The company, whichis under an SEC investigation of an earnings warning and stock transactions, replaced its chief executive this year. PLANO, Texas Electronic Data Systems Corp. says it could cut morejobs than the 2,700 it al ready plans toeliminateif it can NEW YORK Target Corp.’s sales were well aboveplanlast weekas strength at its name The settlement was an nounced by the Pentagon’s office of the inspector general, which the work force at EDS, which manages computer systemsfor other companies and government agencies. Electronic Data says it could cut morejobs Target sales beating subsidiary allegedly over charged the government for costs associated with a contract find new areas tocut costs, the technology-consulting company said in a regulatory filing. Thepreviously announced layoffs amount to 2 percent of sake discount stores continued to drive growth, the company said Tuesday. Forall of August, Target expects sales growth of 4 percent to 5 percent at Target stores, with sales | to 1.5 percentage points belowthatat all of the corpora tion’s stores that have been open at least a year. In a weeklysales update Monday, Target said corporatewidesales are aboveplan for the month to date. Target stores, which are tracking well above expectations for the month, haveoffset weakerresults at the company’s Mervyn's and Marshall Field's stores for the month so far, theretailer said. From Tribune wire services Vivendi enters talks with two bidders cery distributor Fleming Cos Wednesday, August 27, 2003 NASDAQ NATIONAL MARKET Vol Mame _ ( 4 MEDSe Vol Name Last 18 Last Chg oe 6 6MELEN - Sweetheart of the Internet cosms Costas 2201 39.23 «1 08 | CstUL + rediritCp & ALES AMX 5 19 ez “? rf 10 ute 25 16.63 Cretan Ai 406 101 ’ Crayir HA1A 1841.29 ASAT pATHatIes 6A 21% Ist ASE ASM Intl 195217 6 64 yep? Cov 905 Covenant 243 100 THIS STEAM WELL, [M SURE GREAT WAS IDEA, ASYLVIA! 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