Food City starts another Alabama store
Grocer Food City held a groundbreaking ceremony for a supermarket in Fort Payne, Alabama, this week.
The store will go up at 1015 Gault Ave. South, according to the biggest grocer in the Chattanooga area.
Earlier this month, Food City started work on a new store at Owens Cross Roads in Madison County, Alabama.
Steven C. Smith, Food City president and CEO, said in a statement that the grocer is committed to building six stores in the Huntsville market, with Owens Cross Roads the first.
In June, the grocer broke ground on a pair of new supermarkets in Bradley and Polk counties in Tennessee. The company is putting up a 50,000-square-foot store at 4525 Georgetown Road in Cleveland. A 46,000-square-foot market is going up in Ocoee, Tennessee, at 116 Whitewater Drive.
FTX founder accused of harassing witness
Prosecutors say FTX founder Sam Bankman-Fried is harassing a key witness against him at his upcoming trial by publicly disclosing personal things she wrote while she was the chief executive at his cryptocurrency hedge fund trading firm.
Prosecutors late Thursday asked a judge to order trial participants not to make statements that might taint a Manhattan federal court jury.
The letter to Judge Lewis A. Kaplan said Bankman-Fried's release of personal writings by Caroline Ellison, his onetime romantic partner, had the effect of harassing her and seemed designed to deter other potential trial witnesses from testifying.
AMC seat plan falls flat
Movie theater operator AMC has ditched plans to charge more for seats with better sightlines after rival chains did not follow along.
AMC began the pilot program five months ago in three U.S. markets where it said it charged slightly more for better seats, and less for those in the front of the theater and others with inferior views.
AMC said its competitors didn't raise or cut prices on any of their seats based on location. The company said because it wants its pricing to remain competitive, it's ending the pilot program in the coming weeks and there will be no attempt to roll out those changes nationwide.
AMC also found that more than three out of every four guests who previously sat in the preferred sightline section continued to choose seats in that section, even with a slight up-charge. But it saw little to no increase in people buying front row seats that were cheaper.