Finance

04/26/2013 - 4:44pm
GNC Holdings profit rises in Q1

GNC Holdings reported that net income for the quarter ended March 31 rose 12.5% to $72.6 million, compared with $64.5 million in the year-ago period.

04/26/2013 - 2:09pm
Consumer confidence down in April

Consumer confidence dropped in April to a three-month low amid discouraging economic indicators, according to the Thomson Reuters/University of Michigan Survey of Consumers.

04/26/2013 - 10:31am
George Soros takes 7.9% stake in J.C. Penney

Giving a much-needed boost to J.C. Penney Co., George Soros’ Soros Fund Management bought 17.4 million shares of the troubled retailer, according to a filing with the Securities and Exchange Commission.

04/26/2013 - 10:28am
Online sales tax bill moves forward in Senate

The U.S. Senate voted to move forward with the Marketplace Fairness Act, legislation that would allow states to force retailers to collect online sales taxes, if the states choose to do so.

04/26/2013 - 10:20am
Ex-Aeropostale executive found guilty on all 16 counts

Christopher Finazzo, 57, who was an executive VP and chief merchandising officer at Aeropostale, was found guilty on Thursday of 14 counts of mail fraud, one count of wire fraud and one count of conspiracy.

04/25/2013 - 4:55pm
Cabela’s profit surges 73% on guns and ammo sales

Cabela’s first quarter profit rose 72.9%, topping expectations, on strong sales of firearms and ammunition.

04/25/2013 - 4:51pm
Weis Markets ups cap ex budget to support remodels and tech investments

Weis Markets announced it would invest $135 million in its 2013 capital expenditure program, an 8% increase compared to the year prior.

04/25/2013 - 4:47pm
Starbucks’ Q2 profit tops estimates

Starbucks Coffee Company reported that its second-quarter profit rose 26% to $390.4 million, up from $309.9 million last year, amid sales increases in the Americas and Asia regions.

04/25/2013 - 10:37am
Safeway Q1 profit up

Safeway Inc. said it earned $118.9 million, in the first quarter ended March 23, up from $72.9 million a year earlier, helped by tax benefits.

04/25/2013 - 10:34am
Best Buy CEO compensation for five months on job put at $19.6 million

The CEO of Best Buy, Hubert Joly, earned compensation worth $19.6 million in his five months on the job in 2012, the Associated Press reported.

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