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Trading Partners

  • Family Dollar delays vote on Dollar Tree deal; Dollar General still in the game

    Goodlettsville, Tenn. - Dollar General Corporation isn’t giving up. The deep discounter on Wednesday  affirmed its commitment to the acquisition of rival Family Dollar Stores. Dollar General’s comments followed the news that Family Dollar has delayed its shareholder vote on its $8.5 billion deal to be bought by Dollar Tree Inc. from Dec. 11 to Dec. 23.

  • Wal-Mart fires India manager in bribery probe

    New Delhi, India – The India unit of Wal-Mart Stores Inc. has reportedly fired a mid-level manager as part of a probe into alleged bribery violations. According to the Economic Times, Wal-Mart gave the manager a termination notice last week, two years after the company suspended its former India CEO and legal team due to possible violations of U.S. anti-bribery laws.

  • Former legal head returns to Lowe’s

    Mooresville, N.C. - Ross W. (Bill) McCanless will be joining Lowe’s Companies Inc. as general counsel, secretary and chief compliance officer, effective Jan. 12, 2015. McCanless will replace Gaither M. Keener, who announced plans to retire from the company following 30 years of service.

  • Report: Sears Canada, J.P. Morgan to end credit card agreement in Nov. 2015

    Toronto, Canada –- J.P. Morgan Chase & Co. will reportedly end its agreement to issue credit cards for Sears Canada when the term expires Nov. 15, 2015. According to the Wall Street Journal, in the meantime the two companies will explore opportunities to sell the credit card program to a third party, with Sears Canada receiving as much as $154 million if a sale goes through.  

  • DDR exits joint venture in Buffalo

    Beachwood, Ohio -- DDR Corp. announced the sale of an 11-property portfolio--located primarily in the Buffalo MSA that was previously held in joint venture with Kuwaiti Financial Centre II--for a total of $154 million. The portfolio was comprised of small-format traditional grocery-anchored centers and single tenant non-prime assets.  

  • CBRE awarded asset management, lease admin contract for Standard Chartered Bank

    Los Angeles -- CBRE Group, Inc. has been appointed by Standard Chartered Bank to provide asset management and lease administration services across the bank’s commercial property portfolio.   

  • Last chance: Huff event deadline nears

    Walmart EVP of merchandise operations Scott Huff is scheduled to address members of the Bentonville Bella Vista Chamber of Commerce at an upcoming event.

  • Report: Alibaba open to working with PayPal

    Hangzhou, China -- Alibaba Group Holding Ltd., which previously said it is in discussions with Apple about working with its Apple Pay digital payment service, is now reportedly also open to working with EBay’s PayPal digital payment service.  
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