Finance & Capital Management

New York -- Delhaize America is cutting 500 jobs, according to published reports.

News media in North Carolina reported that the Belgian supermarket operator's American subsidiary would cut 350 jobs and 150 open positions as part of a reorganization. Employees of the company received notifications of the layoffs via email, according to the reports.

Mooresville, N.C. -- Lowe’s Cos. said Friday that Sylvain Prud'homme will join the company as president of Lowe's Canada, effective March 25.

Prud’homme replaces Alan D. Huggins, who is returning to the United States as Lowe's VP international operations.

Prud'homme comes to Lowe's from Loblaw Co., where he served in EVP roles in operations and merchandising.

New York -- A report released Thursday by the National Council of Real Estate Investment Fiduciaries and the International Council of Shopping Centers said that the U.S. shopping center industry’s net operating income for the fourth quarter continued to show a strong gain nationally, rising 4.3% year-over-year.  

Total operating income of all U.S. shopping centers on a square foot basis rose 3.6% over the year-ago period.

For all of 2012, the U.S. shopping-center industry posted a 3.6% rise in NOI.

Oak Brook, Ill. -- McDonald's Corp. reported Friday that global same-store sales decreased 1.9% in January, hurt by weakened performance outside the U.S.

By segment, comps in the U.S. rose 0.9%, but decreased 2.1% in Europe and dropped 9.5% in the Asia/Pacific, Middle East and Africa.
 
Systemwide sales for the month increased 0.3%, or 0.7% in constant currencies.

San Francisco -- Levi Strauss & Co reported Thursday that net income for the quarter ended Nov. 25 rose to $53 million, from $44 million in the year-ago period.

Revenue slid 3% to $1.3 billion, hurt by slowed sales in Asia.

Fort Worth, Texas -- In an unexpected move, RadioShack said late Thursday that Walgreen Co. divisional president Joseph Magnacca will take the helm of the beleaguered consumer electronics chain as its new CEO.

RADNOR, Pa. — Search giant Google has agreed to buy Channel Intelligence for $125 million, allowing to expand its role in the retail space. 

A division of ICG Group, Channel Intelligence claims to count Target, Best Buy and other large retailers and brands that rely on its marketing services to drive sales. 

DULUTH, Ga. -- NCR, an electronics company specializing in POS and self-service systems, announced it has completed its acquisition of Retalix Ltd., a leading global provider of retail software and services.

January same-store sales grew 4% at Costco’s U.S. locations excluding fuel sales.

COLUMBUS, Ohio — Limited Brands reported that comparable-store sales for the fourth quarter were up 5% and that net sales for the same period were $3.86 billion compared with $3.5 billion for the same period last year.

For the month of February, the company posted sales of $986.4 million compared with $774.5 million for the same period last year. Same-store sales for the month rose 9%.