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2014 sees upturn in consumer confidence
The new year is off to a solid start with an upturn in consumer confidence. After two months of decline in the wake of the partial government shutdown, the Conference Board has found that consumer confidence has bounced back to its highest level since September.
December's index came in at 78.1, up from an upwardly revised figure of 72.0 in November and 72.4 in October.
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Bob’s Discount Furniture to be acquired by Bain Capital
Manchester, Conn. — Bob’s Discount Furniture has signed a definitive agreement to sell a majority stake of its business to Bain Capital for an undisclosed amount. Bob's management team will continue to own a "significant stake" after the deal and will remain involved in operations, according to the company, which has been majority owned by private equity firm KarpReilly/Apax for the past nine years.