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Finance & Capital Management

  • Domino’s manages real estate with AMTdirect

    Ann Arbor, Mich. - Domino's Pizza has selected and implemented AMTdirect to manage its corporate real estate portfolio. The cloud platform has allowed Domino's to centralize real estate information and track revenue, sales and expenses across locations.   

  • Wal-Mart might appeal wage suit to Supreme Court

    New York - Wal-Mart Stores on Tuesday said that it might appeal the decision of the Pennsylvania Supreme Court, which ordered the discounter to pay $188 million to settle a class-action suit over worker pay.       The Pennsylvania Supreme Court upheld a 2007 lower court ruling in favor of  workers  who said Wal-Mart failed to pay them for all hours worked and prevented them from taking full meal and rest breaks.   

  • Payments startup Adyen valued at $1.5B

    Fast-growing payments startup Adyen has secured $250 million from investors who have valued the Amsterdam-based startup at $1.5 billion.

    Adyen serves as a middleman for Facebook, Spotify, Airbnb and other merchants, enabling them to accept Visa, MasterCard and soon bitcoin in nearly 200 currencies worldwide.

    The eight-year-old company allows merchants to accept payments on the Web, mobile and more recently at individual points of sale.

  • Report – Starbucks CEO, top execs sell millions of shares

    Seattle – Top executives of Starbucks Corp., including chairman, president and CEO Howard Schultz, reportedly sold a combined total of 448,320 company shares for about $37.54 million, an average of $83.74 each, on Dec. 9 and 10, 2014. According to Barrons.com, Schultz exercised options and sold shares for a total of $28.95 million, and also gifted 175,000 shares, leaving him holding about 16.78 million shares.  

  • Bebe names interim CEO to the post on permanent basis

    Brisbane, Calif. - bebe stores announded that Jim Wiggett has been named CEO and appointed to the company’s board of directors, effective immediately. He has been serving as interim chief executive since June 2014.  

  • Pa. court orders Walmart to pay $151M

    Walmart said the Pennsylvania Supreme Court has ordered it to pay about $151 million to settle a class-action lawsuit filed by employees who claim their meal and rest breaks were cut.

    Walmart said the ruling, which it may appeal, would reduce its fourth-quarter earnings from continuing operations by about 6 cents per share.

    The suit, filed in March 2002, represented about 187,000 Wal-Mart employees who worked in Pennsylvania between 1998 and 2006.

  • PetSmart agrees to $8.7 billion buyout

    Phoenix – PetSmart Inc. has agreed to be purchased for about $8.7 billion by a consortium of buyers led by private equity firm B.C. Partners and also including pension fund manager La Caisse de dépôt et placement du Québec and private equity firm StepStone. The total figure represents an acquisition price of $83 per share, a 39% premium over PetSmart’s closing price on July 2, 2014.  

  • Study – Retail sector to add 30,000 jobs by end of year

    San Leandro, Calif. - The U.S. retail sector will add nearly 30,000 jobs through the end of December as the country heads into a strong holiday shopping season. According to a study from HR services provider TriNet, recent job growth in the U.S. retail sector is built on positive consumer confidence, increasing retail spending, and positive job market outlook.   
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