business news in context, analysis with attitude

Dow Jones reports that Fleming Cos. is not commenting on rampant speculation that it may soon file for bankruptcy.

"We wouldn't discuss market speculation or rumors of that type," Fleming spokesman Shane Boyd told Dow Jones.

Boyd also said that he wasn't aware of any manufacturers that have tightened credit terms to the nation's largest food wholesaler.

There have been a number of reports, including some by MNB, that some vendors are tightening up on payment terms in their dealings with Fleming because they want to avoid being caught holding the bag in the event of a bankruptcy filing.
KC's View:
Smoke or fire? You decideā€¦