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Finance & Capital Management

  • Starbucks to provide free college education for thousands of workers

    New York -- Starbucks Corp. is launching an innovative program in partnership with Arizona State University (ASU) whereby the coffee giant will help pay for the cost of an online degree for its part-time and full-time associates who work at least 20 hours a week. In a twist from the standard tuition reimbursement program, Starbucks employees who participate in the program will not be obligated to stay on with the company after graduation.

  • New funding will allow grocery delivery service Instacart to expand to more markets

    New York -- Instacart, the same-day grocery delivery service, has raised $44 million in a funding round led by Andreessen Horowitz.

    The San Francisco startup currently operates in San Francisco, San Jose, Los Angeles and seven other U.S. cities. With its new funding, it Instacart expects to expand into 17 cities by the end of 2014.

  • Groceries from strangers: Instacart poised for expansion

    Crowdsourced grocery delivery provider Instacart is expanding its same day and one-hour service to new markets after receiving $44 million in funding from some big name Silicon Valley investors.

  • Campbell adds Pitney Bowes CEO to board

    Campbell Soup Company has elected Marc B. Lautenbach to its board.

    Lautenbach has been president and CEO of Pitney Bowes since Dec. 2012. Under his leadership, Pitney Bowes is diversifying its portfolio beyond its core mailing business and moving into adjacent growth areas, such as digital commerce.

  • Stage Stores names veteran retail exec to board

    Houston - Elaine D. Crowley, 55, was appointed to the Stage Stores Inc. board of directors. Her appointment brings the board’s membership to 10 directors.

  • Report: New retail building planned for Queens

    Queens, N.Y. — A new retail building is reportedly planned for the site of a former adult entertainment club in the Rego Park neighborhood of Queens. According to the Queens Chronicle, a 20,000-sq.-ft. building will occupy the location once occupied by the Goldfingers nightclub, which has been shuttered since 1999.  

  • Panera secures $100 million loan

    St. Louis — Panera Bread Company has secured a five-year $100 million term loan from Bank of America, Wells Fargo and TD Bank. Proceeds from the loan will be used for general corporate purposes, including a range of growth initiatives such as the rollout of the Panera 2.0 in-store technology initiative.

  • Tax benefit boosts 99 Cents Only profit in Q1

    City of Commerce, Calif. — 99 Cents Only Stores LLC reported net income of $9.57 million in the first quarter of fiscal 2015, up from $897,000 in the same quarter a year earlier. 

    Net sales rose $477.9 million, up 7% from $445.2 million in the first quarter of fiscal 2014. 

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