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Financial/Banking

  • Kohl's names new board member

    MENOMONEE FALLS, Wis. — Kohl's announced that its board of directors has elected John Schlifske as a new board member, effective immediately. He has been elected to a term expiring at Kohl's 2012 annual shareholders meeting and will be eligible for re-election by Kohl's shareholders at that time. He will initially serve on the board of directors' governance and nominating committee.

  • Report: Walgreens to sell health insurance

    New York City -- Walgreens plans to start selling health insurance to customers this fall, according to CNN Money.

    The drugstore chain will sell health insurance products with different price ranges and coverage levels through a private health insurance exchange, the report said.

    To read the full story, go to money.cnn.com/2011/08/09/news/companies/walgreens_health_insurance/

  • Report: July card spending slowed overall, but general merchandise jumped sharply

    Atlanta -- A report released Tuesday by First Data Corp., which tracks same-store consumer spending by credit, signature debit, PIN debit, EBT cards and checks at U.S. merchant locations, found that card spend growth slowed significantly in July. However, dollar volume growth at general merchandise stores, including value retail, rose 10.3%, the largest increase in 10 months, as value retailers increased merchant promotional activity and discounting to attract consumers.

  • The Pantry profit edges up in Q3

    Cary, N.C. -- C-store operator The Pantry reported Tuesday that net income for the quarter ended June 30 rose to $19 million from $18 million the year before.

    Same-store merchandise revenue dipped 1.5%.
     

  • Consumer Reports Index reveals Americans still stressed by economy

    YONKERS, N.Y.Consumer Reports announced that its Index, which measures overall consumer sentiment, fell to its lowest level since December 2009 and registered its sharpest drop in two years, as recent events in Washington about the debt ceiling debate fixed attention on the weak economy.

  • TravelCenters of America profit soars in Q2

    Westlake, Ohio -- TravelCenters of America LLC reported Tuesday that net income for its fiscal second quarter rose to $21.7 million, compared with $1.2 million a year earlier. The improved performance was due to higher fuel sales and higher margins.

    During the second quarter, total fuel sales rose 4.3%.

  • Visa to accelerate chip migration and mobile payment adoption

    San Francisco -- Visa announced Tuesday that it plans to accelerate the migration to EMV contact and contactless chip technology in the United States.

    The adoption of dual-interface chip technology will help prepare the U.S. payment infrastructure for the arrival of NFC-based mobile payments by building the necessary infrastructure to accept and process chip transactions that support either a signature or PIN at the point of sale.

  • Walmart expands check, card cashing services

    Bentonville, Ark. -- Walmart announced on Monday that it is expanding its check and card cashing services to accept more types of checks and take more forms of identification from shoppers.

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