OTHER NEWS - Sept. 1, 1994

Ralphs Posts Earnings Decline: Los Angeles-based Ralphs Grocery Co. reported net earnings of $7.2 million for its second quarter, compared to income of $12.9 million for the period a year ago. Sales for the quarter, a 12-week period ended July 17, fell fractionally to $625 million. The company said the weak California economy and price cutting by its competitors contributed to the sales decline. Ralphs also confirmed that it is in merger talks with Yucaipa Cos., owners of Alpha Beta and other chains, and said the companies have agreed on “substantial aspects of the transaction.”