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Finance & Capital Management

  • Deloitte index rises on improved housing, but job market still sluggish

    NEW YORK — The Deloitte Consumer Spending Index to 3.53 in September from a reading of 3.27 the previous month, primarily due to a nearly 11% increase in home prices, which offset weakness in other areas of the index.

  • September retail sales rose more than forecast

    Washington, D.C. -- A report released Monday by the Commerce Department showed that retail sales in the U.S. climbed more than anticipated in September, boosted by unexpected increases in household spending.

    Sales advanced 1.1% in September, on the heels on a 1.2% increase in August that was the biggest since Oct. 2010. The median forecast of 77 economists surveyed by Bloomberg called for a 0.8% rise in September.

  • Kodak ready to talk reorganization with shareholders

    ROCHESTER, N.Y. — Kodak is moving forward with its plans to emerge from bankruptcy and said Friday it is ready to discuss reorganization plans with certain key creditor groups.

  • 7-Eleven continues to expand with two new acquisitions

    Dallas -- 7-Eleven Inc. announced  two acquisitions that will further expand its U.S. store portfolio.

    The company has closed deals with EZ Energy USA Inc. to purchase 67 retail locations in the Cleveland and Pittsburgh markets, and with its licensee, Handee Marts Inc., to acquire 58 7-Eleven convenience stores in those same markets as well as locations in northern West Virginia and western Maryland.

  • Long-time media exec joins Dollar General board

    GOODLETTSVILLE, Tenn. — Dollar General has named Pat Fili-Krushel to its board of directors effective Oct. 15.

  • Sears Hometown and Outlet Stores spin-off to trade on Nasdaq

    New York -- Sears Hometown and Outlet Stores Inc. is set to begin trading on the Nasdaq Capital Market on Friday after Sears Holdings Corp. completed a spin-off transaction of the home appliances, hardware, tools and garden equipment retailer.

    Sears Holdings received $446.5 million in proceeds in the transaction, including a $100 million dividend paid by Sears Hometown prior to the separation and about $347 million from a rights offering.

     

  • Sears Holdings completes divestment of Hometown, Outlet businesses

    HOFFMAN ESTATES, Ill. —-- Sears Holdings has successfully separated out its Sears Hometown and Outlet Sores businesses.

  • Best Buy gets stellar score from Carbon Disclosure Project

    Minneapolis -- Best Buy Co. received its highest score ever from the Carbon Disclosure Project (CDP), which represents 655 institutional investors with $78 trillion in assets, for its performance and approach to the disclosure of climate change information.

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