In the Region
SuperValu shares soar 20 pct.
Shares of SuperValu Inc. leaped 14 percent to $2.94 Friday on reports that an investor group led by Cerberus Capital Management L.P. is nearing a deal to acquire some of the grocery chain's assets. Speculation over a possible sale of SuperValu has swirled since July, when it retained Goldman Sachs Group Inc. and Greenhill & Co. to examine options. SuperValu is the parent company of Malvern-based Acme Markets. - Bloomberg News
Labor peace for Resorts
Resorts Casino Hotel has signed a contract with the main casino workers' union, ending a more than two-year dispute with Local 54 of Unite-Here. Both sides signed off on the deal in late December, but didn't disclose the pact until this week. The deal has "terms and conditions essentially the same as those reached by other Atlantic City casinos," said Resorts spokeswoman Courtney Birmingham. - AP