NEW YORK » Supermarket operator Albertsons Companies Inc., the No. 2 U.S. supermarket company whose brands also include Safeway, has filed for an initial public offering of stock, according to a filing Wednesday.

The Boise, Idaho-based company did not say how many shares it would offer, what they would cost or where those shares would trade. It said it expects to raise $100 million from the offering, though that figure is only an estimate used to calculate a filing fee. Proceeds from the offering will be used to repay debt and for general expenses.

Albertsons closed its $8 billion buyout of Safeway in January, drastically increasing the company’s size. It now operates 2,205 stores in 33 states, including Hawaii, under 18 names. Safeway locations make up 1,247 of those stores.

Subway pitchman’s foundation in jeopardy

INDIANAPOLIS » Suspended Subway pitchman Jared Fogle’s foundation, which encourages children to avoid the same obesity he experienced in college, faces an uncertain future following a raid at his home two months after the group’s then-executive director was arrested on child pornography charges. A phone number to the Jared Foundation Inc. was out of service and its website was down Wednesday, a day after federal and state authorities seized electronics and other items from Fogle’s suburban Indianapolis home. Fogle hasn’t been charged with any crime and his attorney, Ron Elberger, said the 37-year-old is cooperating with authorities “in their investigation of unspecified charges.”

Following the raid, Subway suspended its relationship with Fogle, who shed 245 pounds more than 15 years ago as an Indiana University college student, in part by regularly eating the restaurant’s sandwiches.

Russell Taylor had been the foundation’s executive director from May 2008 until shortly after his May arrest on child pornography charges. Fogle severed ties with the 43-year-old Taylor after federal investigators said they discovered a cache of sexually explicit photos and videos Taylor allegedly produced by secretly filming minor children at his home.

China’s stocks rally amid confidence boost

China’s stocks rallied Thursday in volatile trading as the government battled to restore investor confidence in a market that’s lost $3.9 trillion in less than a month. The Shanghai Composite Index gained 5.7 percent to 3,707.03 at 1:18 p.m. local time after falling as much as 3.8 percent. With at least 1,439 companies halted on mainland trading, sellers are locked out of 50 percent of the Chinese market.

Regulators late Wednesday banned major stockholders from selling stakes in listed companies, while allowing banks to roll over loans backed by shares. The public security ministry said it will look into the “malicious” shorting of stocks.

On The Move

» Sacred Hearts Academy has announced the following:

— Kinga I. Sanders has been named as the school’s new high school vice principal. Sanders has 18 years of teaching and administrative experience, including serving as the academic vice principal at Bishop Blanchet Catholic High School in Seattle, Wash.

— Emily Torres has been named the school’s director of development, who will advise the academy on all matters pertaining to fund development as well as coordinating ongoing development efforts. Torres was previously a manager of development for Teach for America, Americorps.

» Honolulu HomeLoans has announced that Inhye Park has joined the company as a loan officer, specializing in residential mortgage loan refinancing and origination. Before joining HHL, Park was a translator at PacRim Marketing Group as well as a freight logistics coordinator for BNX Shipping Hawaii.

Ship Ahoy!

Today’s ship arrivals and departures: