Also . . .

Albertson’s Inc. said its net income rose 9% to $190.4 million, or 77 cents a share, in the fiscal fourth quarter, meeting analyst estimates. The supermarket operator’s revenue grew 10% to $4.17 billion as sales at stores open at least a year edged up 0.4%. Albertson’s also said its planned acquisition of American Stores Co., operator of Lucky markets, should be completed by June, helping ease some investor concerns about its ability to meet antitrust guidelines. The acquisition would form the second-largest U.S. supermarket chain, after Kroger completes its planned purchase of Fred Meyer Inc.

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Patriot American Hospitality Inc. agreed to a $3.45-billion bailout and named a new chief executive as part of a plan to stabilize one of the nation’s largest hotel operators. James Carreker, 51, who oversees Patriot’s hotels, including the Wyndham and its Grand Bay resorts, replaces Paul Nussbaum, who quit as chairman and chief executive. The shake-up comes after an investment group, lead by financiers Leon Black and Thomas Lee, agreed to pump in as much as $1 billion and arrange $2.45 billion in loans to replace most of Patriot’s $3 billion in debt and obligations due next year. In return, the group will end up owning an initial 29% interest in the company, which will be renamed Wyndham International Inc.

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