A&P TO CUT BACK U.S. CAP EX

MONTVALE, N.J. -- A&P here said it will increase capital spending in its profitable Canadian division while it significantly decreases its U.S. cap ex in the current fiscal year.During a conference call with industry analysts to discuss results for the quarter and year ended Feb. 22, Mitch Goldstein, A&P's senior vice president and chief financial officer, said the company will decrease its cap-ex

MONTVALE, N.J. -- A&P here said it will increase capital spending in its profitable Canadian division while it significantly decreases its U.S. cap ex in the current fiscal year.

During a conference call with industry analysts to discuss results for the quarter and year ended Feb. 22, Mitch Goldstein, A&P's senior vice president and chief financial officer, said the company will decrease its cap-ex budget to $175 million, down from $220 million last year. He noted that last ye

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