Finance

06/13/2013 - 10:43am
U.S. May retail sales rose more than expected

A report released Thursday by the Commerce Dept. said that retail sales in the U.S. gained 0.6% in May, more than forecast and likely boosted by increased hiring during the month.

06/13/2013 - 10:41am
Safeway in $5 billion dollar deal to sell Canadian stores

Canada’s second-biggest supermarket operator has acquired Safeway’s Canadian portfolio of stores in a $5.7 billion deal that pulls the Pleasanton, Calif., chain completely out of the country.

06/12/2013 - 4:45pm
Target increases dividend by 19.4%

The Target board of directors demonstrated confidence in the company’s cash generating capabilities on Wednesday and agreed to up the company’s quarterly dividend 19% to 43 cents a share.

06/12/2013 - 4:40pm
A.T. Kearney: Brazil tops among developing countries for retail investment

For the third consecutive year, Brazil ranked number one in the top 30 developing countries for retail investment worldwide by A.T. Kearney.

06/12/2013 - 10:53am
Hudson’s Bay has profitable quarter

Hudson’s Bay Company (HBC) had an overall successful first quarter of fiscal 2013 despite some sluggish performance at its Lord & Taylor banner.

06/12/2013 - 10:44am
Walgreens reaches $80M settlement with DEA

Walgreens will pay $80 million as part of a settlement with the Drug Enforcement Agency (DEA) over a failure to report unusually large shipments of prescription painkillers from a distribution center in Jupiter, Fla.

06/11/2013 - 10:38am
Home Depot focuses on supply chain, Internet

Executives from The Home Depot told attendees at an analyst meeting in New York on Monday that the company is focusing on improving its supply chain and Internet operations and expects a moderate recovery in the U.S. housing market.

06/11/2013 - 10:31am
Americans report fewer financial troubles

American consumers are reporting significantly fewer financial troubles than any time in the past three years, according to the Consumer Reports Index.

06/10/2013 - 11:18am
Bloomberg: Retail sales edge up 0.4% in May

Initial Bloomberg estimates indicate US retail sales edged up 0.4% last month, with growth in the job market spurring increased consumer willingness to spend money.

06/10/2013 - 11:17am
Rite Aid forecasts Q1 profit; in debt refinancing move

Rite Aid projected that it would turn a profit in the first quarter of fiscal year 2014, results of which it will announce next week.

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