How to make grid match new project tempo

This must be a newbie problem; too obvious to be a bug:
Created a new project. Set tempo to 140. Dragged in a midi loop which scaled right to 140, but the grid for snapping and quantizing remains at the default of 120, so now nothing can line up on beat. Tried changing tempo in tempo track… nada. Is there more to changing global tempo in an empty project than typing it into the tempo box?

Hi,

Are you sure your main ruler (main display) is set to the Bars&Beats?

It was not… indeed a newbie problem. Thanks again, Martin.