Finance & Capital Management

Greatwide Logistics named a new CEO, and YRC Worldwide named a new SVP on Monday.

Greatwide said John Tague would serve as CEO, replacing Leo Suggs who is retiring, but will continue to serve as chairman. Tague previously served as president of United Airlines and also held the position of COO and chief revenue office during his eight years with the airline.

Duluth, Ga. -- NCR Corp. will acquire Radiant Systems, a leading provider of multichannel point-of-sale and managed hosted service solutions to the hospitality and specialty retail markets, through a cash tender offer of $28.00 per Radiant Systems share. The equity purchase price of $1.2 billion has been approved by the boards of directors of each company.

It is expected the transaction will close during third quarter 2011, subject to regulatory approval.

Houston -- Los Angeles-based Marcus & Millichap Real Estate Investment Services said that it has hired Derek Hargrove as a senior associate in the Houston office.

In his new position, Hargrove focuses on the sale of multi-tenant shopping centers throughout southwest Texas. He also holds the title of associate director of Marcus & Millichap’s National Retail Group.
 

Delinquency rates in Target’s credit card portfolio are now at their lowest level in three years as more people are paying their bills on time. It is an encouraging sign for the long-term health of the nation’s economy to know that people are increasingly using credit in a responsible manner, at least those who have a Target card anyway, and therefore more likely to honor their obligations.

WASHINGTON — The National Retail Federation said it supports a transportation reauthorization proposal released today by House Transportation and Infrastructure Committee Chairman John Mica, R-Fla., but expressed concern over the measure’s funding levels.

New York City -- Target Corp. has won approval to put its signature red logo on one of Chicago's most famous buildings. The Permit Review Committee of the Commission on Chicago Landmarks on Thursday approved the chain’s request to allow its bull's eye to be placed on its new store planned for downtown Chicago.

BOCA RATON, Fla. — Office Depot announced that it is partnering with Superior Financial Group (SFG), a leading small usiness administration (SBA) lender, to provide qualified small business customers with access to capital in the form of SBA Loans between $5,000 to $25,000. Customers can apply for a loan by visiting www.officedepot.com/sba.

New York City -- Convenience-store operator Sheetz will open a distribution facility by 2014 to support its expansion plans and increasing number of stores in the state, according to a report by The News & Observer. The distribution facility also will serve stores in southern Virginia and West Virginia, the report said.

Sheetz currently has 394 stores, with more than half in Pennsylvania. With a goal of 500 stores in three years, the chain is targeting North Carolina and West Virginia its top markets for expansion.