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Financial/Banking

  • Marketing firm strengthens senior management team

    BOCA RATON, Fla. — DubLi, a global marketing company that provides consumers around the world with a variety of innovative, online shopping and entertainment opportunities, announced that it has strengthened its senior management team with the appointments of Eric Nelson to CFO, Ricardo Daglio to chief technology officer and Thomas Sikora to chief product officer.

  • Publix posts same-store sales increase of 2.2% for fiscal 2012

    LAKELAND, Fla. — Publix on Friday recorded fiscal 2012 sales of $27.5 billion, up 1.9%. However, 2012 year-end sales included a 52-week period, versus 2011 year-end sales that were tracked over a 53-week period. Excluding that extra week, sales for 2012 would have been up by 3.8%. Same-store sales were up 2.2% for the year. 

  • Report: Publix considering making offer for Harris Teeter

    New York -- Publix Super Markets is interested in Harris Teeter Supermarkets, Bloomberg reported.

    Royal Ahold, the Netherlands-based company that operates Stop & Shop, is also looking to making a bid for the North Carolina-based chain, according to various media reports.

    Harris Teeter released a statement on Feb. 13 in which it said it hired JPMorgan to assist in holding talks with suitors after being approached by two buyout firms.

     

  • Braintree honored for payment innovation

    BOSTON — Braintree has been named as a finalist for a 2013 Innovator Award in the category of Most Disruptive by PYMNTS.com.

  • Save the date: Simon to speak

    Walmart U.S. president and CEO Bill Simon should have plenty to say when he addresses investors March 5 at the 34th Annual Raymond James Institutional Investors Conference.

    Simon’s comments precede the Raymond James conference but come roughly two weeks after Walmart reported disappointing top line growth at its U.S. stores by posting 1% comp increase that was at the low end of a forecast range calling for a gain of 1% to 3%. The company also issued a tepid outlook for first quarter growth with comps expected to be flat to up 2%.

  • Best Buy tops Street as Q4 loss narrows; buyout talks with founder Schulze end

    Minneapolis -- Best Buy Co. said that its loss narrowed in the fourth quarter, helped by improved U.S. sales. In a separate release, the company said that the deadline passed without it having received an acquisition offer from its co-founder, Richard Schulze, who had been considering making a bid for the chain.

    “The company received no such offer and will continue to focus on its transformation for the benefit of all of its stakeholders,” Best Buy said in a statement.

  • First Data expands FourSquare specials program

    ATLANTA — First Data, a provider of electronic commerce and payment processing, announced that it  is working with Foursquare to extend its already-successful Foursquare Specials for Credit Cards program to now accept Visa and MasterCard, and most debit cards. Foursquare has integrated the First DataSM OfferWiseSM solution that seamlessly allows users to sync their card, and then swipe at a participating merchant location to redeem offers and receive automatic savings.

  • Limited Brands Q4 income up 14%; outlook weak

    Columbus, Ohio -- Limited Brands Inc. said that its fourth quarter net income in the 14-week period through Feb. 2, 2013, rose a better-than expected 14% to $411.4 million. That compares to a 13-week period that ended on Jan. 28, 2012, in which net income came to $359.4 million. The chain also forecast profit for the current quarter and fiscal year below analysts' expectations.
     

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