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American Greetings appoints new CFO
American Greetings has promoted Gregory Steinberg to CFO, effective March 1. Steinberg was most recently the company's corporate treasurer.
He will be responsible for all finance functions at the company. The previous CFO, Stephen J. Smith, recently resigned to accept another employment opportunity.
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Lowe’s delivers in Q4 despite severe winter weather
Severe winter weather was no match for Lowe’s in the fourth quarter. The company reported sales of $11.7 billion, up 5.6% from the same quarter last year, as comps increased 3.9%.
The company also posted fourth-quarter net earnings of $306 million, up 6.3%.