Content about The Associated Press

May 9, 2013
Report: Costco gets OK to open store in Baton Rouge

Officials in Baton Rouge have approved more than $7 million in incentives to bring a Costco store to the Louisiana city, the Associated Press reported.

April 25, 2013
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.

April 4, 2013
Macy’s CEO pay package put at $11.3 million

Macy's CEO Terry Lundgren had a pay package worth $11.3 million in 2012, down 22% from 2011, the Associated Press reported.

March 21, 2013
Eddie Lampert to remain CEO of Sears for annual salary of $1

Eddie Lampert, chairman of Sears Holding Corp., has signed a contract to remain as CEO of the retail company at a salary of $1 per year, the Associated Press reported.

January 28, 2013
Sales events to make a comeback at J.C. Penney

J.C. Penney is changing course on its no-sales policy. It was just one year ago that the retailer, amid much fanfare, announced it was nearly eliminating sales events from its stores in favor of a three-tier pricing strategy and everyday low pricing.

January 25, 2013
Home Depot Center to potentially be renamed

A report by the Associated Press said that the home of Los Angeles’ professional soccer team will likely be getting a new name.

January 22, 2013
Wal-Mart issues ‘zero tolerance’ policy for global suppliers

Wal-Mart Stores is tightening the reins on its global suppliers.

November 19, 2012
Report: NRLB promises quick action on Walmart case

Federal labor officials said they will decide quickly whether to support a request by Wal-Mart Stores Inc. to stop a union-backed group from pushing worker walk-outs at hundreds of stores on Black Friday, the Associated Press reported.

October 19, 2012
Report: Lowe’s looking to hire two senior executives

Lowe's Cos. is seeking to hire two senior executives that could play a role in its CEO succession plan, according to the Associated Press.

October 17, 2012
Murphy Oil to split off its retail division

Murphy Oil is splitting in two in order to better focus on the separate tasks of exploration and production, and the sale of gasoline and other goods through its retail locations, the Associated Press reported.

October 11, 2012
Report: Rite Aid ordered to pay $800,000 settlement

A San Diego judge ordered Rite Aid Corp. and its California subsidiary Thrifty PayLess Inc. to pay $800,000 to settle a complaint alleging false advertising, the Associated Press reported.

October 4, 2012
Report: Wal-Mart sued in Florida for gender discrimination

Three female employees of Wal-Mart Stores Inc. filed a lawsuit in federal court in South Florida claiming the company discriminates against women in areas such as wages and promotion opportunities, the Associated Press reported.

September 14, 2012
Staples settles Delaware property dispute for $8.9 million

A Friday report by the Associated Press said that Staples Inc. will pay $8.9 million to settle an abandoned property dispute with the state of Delaware.

April 3, 2012
American Express stops selling gift cards in New Jersey over ZIP code requirement

American Express Co. has become the first company to pull its gift cards from being sold in New Jersey drug stores, supermarkets and convenience stores in response to a controversial new revision in the state's unclaimed property law.

April 25, 2011
Abercrombie & Fitch’s CEO compensation package down 38%

The chairman and CEO of Abercrombie & Fitch Co. received a pay package worth $22.5 million, down 38% from last year, mostly because of a reduction in option awards, according to an analysis by The Associated Press.

April 11, 2011
Limited Brands’ CEO pay package nearly doubles

Lexlie Wexner, 73, the CEO and founder of Limited Brands, received a 2010 pay package nearly double the year before, according to an analysis by The Associated Press.

April 5, 2011
Macy's Lundgren pay package down 8%

Macy's CEO Terry Lundgren’s compensation package dipped 8% in 2010 to nearly $11.8 million, according to an analysis by The Associated Press.

January 17, 2011
South Africa’s Massmart approves Wal-Mart bid

The shareholders of South African Massmart chain have overwhelmingly accepted Wal-Mart's offer to buy 51% of their company, the chief executive said Monday, paving the way for Wal-Mart to enter Africa.

October 3, 2010
Security breach hits Aldi in 11 states

Aldi said the names, account numbers and secret codes of customers in 11 states were...

October 6, 2009
Report: Burger King to overhaul 12,000 locations worldwide

Burger King Corp. plans to update its restaurants to a hipper, more contemporary look, the...

September 25, 2008
Investors Seek to Unseat Dillard’s Family

The Associated Press (AP) reported Friday that a group of Dillard’s Inc. investors has petitioned...

July 31, 2008
Wal-Mart Denies It Told Employees How to Vote

Wal-Mart Stores Inc. denied a report Friday that it had pressured employees to vote against...

July 27, 2008
Best Buy to Open In-Store Music Centers

Best Buy Co. Inc. will announce Tuesday that it plans to open as many as...

May 21, 2008
Borders Group CEO Denies Sales Discussion

Borders Group Inc. has not had substantial discussions regarding a possible sale of the bookseller...

April 15, 2008
J.C. Penney Slows Growth

At an analyst meeting on Tuesday, J.C. Penney chairman and CEO Myron “Mike” Ullman announced...

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