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Financial/Banking

  • Roundy’s to open five stores in 2015; expects operating loss

    Milwaukee – Roundy’s Inc. expects to open five new stores in fiscal 2015, including one in the first quarter. However, the grocery chain also said it expects earnings per diluted share from continuing operations of flat to -$0.05 in the first quarter and a net loss of $0.07 to $0.18 per share in the fiscal year.

  • Washington Prime completes acquisition of Glimcher Realty

    Bethesda, Md. -- Washington Prime Group Inc. has completed its previously announced acquisition of Glimcher Realty Trust, created a new company WP Glimcher, based in Columbus, Ohio.

    Mark S. Ordan will serve as executive chairman of the combined company’s board of directors and Michael P. Glimcher will serve as the combined company’s CEO and Vice Chairman, reporting to Ordan.

  • Report: RadioShack may sell store leases to Sprint

    Fort Worth, Texas – RadioShack Corp. is reportedly negotiating with Sprint to sell some of its store leases to the wireless carrier. According to Bloomberg, Sprint executives said the company is planning to expand its store count through acquisitions at an investor conference last week.

  • Consumer sentiment in January hits 11-year high

    New York -- Consumers are feeling bullish, buoyed by low gas prices and an improving job market. The University of Michigan preliminary consumer sentiment index for January rose to an 11-year high of 98.2, from a final reading of 93.6 for December.

  • Report: RadioShack readying for bankruptcy

    Fort Worth, Texas -- RadioShack Corp. is reportedly preparing to file for bankruptcy ads early as the beginning of February 2015. According to the Wall Street Journal, RadioShack is currently in talks with several private equity firms about possibly buying its assets out of bankruptcy.

  • Dollar General threatens lawsuit in Family Dollar bid

    Dollar General issued a statement Thursday indicating the company is having trouble winning support from the Federal Trade Commission on a $9.1 billion bid for Family Dollar Stores.

    Dollar General said it would “defend litigation” if necessary.

    The statement could give new momentum to Dollar Tree's $8.5 billion cash and stock competing bid for Family Dollar. Meanwhile, two proxy investment firms have switched their recommendation for Family Dollar shareholders to accept the Dollar Tree offer, rather than the bid from Dollar General.

  • Two proxy firms back Dollar Tree; Dollar General affirms efforts

    Chesapeake, Va. – In the latest scene from the continuingly unfolding saga of the battle for Family Dollar, two proxy investment firms have switched their recommendation for Family Dollar shareholders to accept and $8.5 billion bid from Dollar Tree, rather than a $9.1 billion bid from Dollar General. Glass Lewis & Co. and Institutional Shareholder Services (ISS) both cited Dollar Tree’s bid as offering a greater likelihood of success, despite being lower.

  • Report: Home Depot data breach class action suit begins Jan. 16

    Atlanta – A class action lawsuit compiling more than 30 of the 44 lawsuits that have been filed against The Home Depot Inc. in relation to its 2014 data breach is scheduled to begin Friday, Jan. 16 in U.S. District Court for the Northern District of Georgia in Atlanta.

    According to the Atlanta Business Chronicle, Chief Judge Thomas W. Thrash Jr. is telling attorneys for both sides to pursue a “just, speedy and inexpensive” resolution.

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