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Financial/Banking

  • American Express, Wal-Mart expand Bluebird program

    New York -- American Express and Wal-Mart Stores announced Tuesday that they are expanding their reloadable prepaid card program, Bluebird, to include direct-deposit capabilities for government checks.

  • Dollar General's legal head to retire

    GOODLETTSVILLE, Tenn. — Dollar General announced that Susan Lanigan, EVP and general counsel, has decided to retire from Dollar General later this year after nearly 11 years with the company.

  • Founder Schulze returns to Best Buy as chairman emeritus

    Minneapolis -- Shortly after abandoning buyout possibilities of his former company, Best Buy co-founder and former chairman Richard Schulze announced Monday that he is returning to the retailer as chairman emeritus.

    Schulze, who is Best Buy’s largest shareholder, is nominating two former Best Buy executives to join him on the board: former CEO Brad Anderson and former COO Al Lenzmeier.

  • ICSC applauds adoption of Marketplace Fairness Amendment in Senate

    New York -- The International Council of Shopping Centers on Friday applauded the adoption of an amendment to the fiscal year 2014 Senate Budget Resolution. The amendment gives states the authority – if they so choose – to require online sellers to collect sales taxes just like brick-and-mortar retailers already do.

  • Research: American Express and USAA tops in credit card customer experience

    Waban, Mass. -- Research results released Monday by Temkin revealed that, based on a study of 10,000 U.S consumers, American Express and USAA earned the top spots in the credit card sector.

    According to the 2013 Temkin Experience Ratings, HSBC was the lowest rated credit card issuer for the third consecutive year.

    "USAA and American Express set the pace for customer experience in credit cards while HSBC is a real black sheep in the industry," said Bruce Temkin, managing partner, Temkin Group.

  • Target debt for sale

    MINNEAPOLIS — Target announced that it will sell off about $209.3 million worth of debt as the company moves to refinance $679 million worth of debt due between 2028 and 2031, the mass merchandise retailer said.

    Target announced plans to purchase $170 million in 6.75% debentures due 2028, $154.9 million in 6.65% debentures due 2028 and $354 million in 7% debentures due 2031.

    The company said the $209.3 million tendered so far represented 20.31%, 25.22% and 38.32% of the totals of the three respective security titles.

     

     

  • Payments industry awards top innovators

    BOSTON — PYMNTS.com, a news website serving the payments industry, released its list of winners for the 2013 PYMNTS Innovator Awards. Winners were chosen across sixteen categories by a panel of judges with deep and practical expertise in payments and payments innovation. The top finalists in each category were given an award at the PYMNTS.com Innovator Awards Dinner held this year on March 21 at Annenberg Hall on the Harvard University Campus as part of The Innovation Project. B.J.

  • Supervalu sale complete

    MINNEAPOLIS — Supervalu has completed the sale of its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores and related Osco and Sav-on in-store pharmacies to AB Acquisition LLC, an affiliate of a Cerberus Capital Management-led investor consortium, in a stock deal valued at $3.3 billion, including $100 million in cash and $3.2 billion in debt assumption. 

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