News

Consumer confidence improves in Dec.
New York -- U.S. consumer confidence, which decreased in November 2013, rebounded the following month, according to The Conference Board Consumer Confidence Index, which now stands at 78.1 (1985=100), up from 72 in November.
2014 sees upturn in consumer confidence
The new year is off to a solid start with an upturn in consumer confidence. After two months of decline in the wake of the partial government shutdown, the Conference Board has found that consumer confidence has bounced back to its highest level since September.

December's index came in at 78.1, up from an upwardly revised figure of 72.0 in November and 72.4 in October.

Wendy's sells 49 locations

Dublin, Ohio — The Wendy's Company has sold 30 locations Austin, Texas and another 19 in the Sacramento, Calif.-area in separate transactions. With the completion of the transactions, the company has now either sold or announced sales agreements for a total of 282 restaurants in 2013 as part of its System Optimization initiative.
Report: Whole Foods Market to acquire six Dominick’s locations

Chicago — Whole Foods has recently acquired six Dominick's stores, the Sun-Times reported, citing real estate sources. And Jewel may buy as many as 16 Dominick's locations.

The news comes as suitors for the remainder of Safeway's Dominick's stores in Chicago, which are now shuttering their doors, are beginning to come forward, according to a report published Saturday in the Chicago Sun-Times.
Egg indicator shows prices up

The nation’s largest egg producer said premium prices for specialty products and an acquisition allowed it to growth sales and nearly double profits during its second quarter.
Pantene picks Gisele's flowing mane

Supermodel Gisele Bündchen’s flowing mane will be seen a lot in the coming year as Procter & Gamble signed the Brazilian beauty to serve as the worldwide representative for its Pantene hair care brand.
Cracker Barrel rejects shareholder request for sale

Lebanon, Tenn. — Cracker Barrel Old Country Store, Inc has considered and rejected a recent filing and statement from top shareholder Sardar Biglari demanding that the company commence a sale process. Cracker Barrel has determined that the continued execution of the company’s existing business strategy is currently the proper course of action for the long-term best interests of the company and its shareholders.
Bob’s Discount Furniture to be acquired by Bain Capital

Manchester, Conn. — Bob’s Discount Furniture has signed a definitive agreement to sell a majority stake of its business to Bain Capital for an undisclosed amount. Bob's management team will continue to own a "significant stake" after the deal and will remain involved in operations, according to the company, which has been majority owned by private equity firm KarpReilly/Apax for the past nine years.
Roark Capital closes acquisition of CKE Restaurants

Atlanta -- An affiliate of Roark Capital Group has acquired a majority stake in CKE Restaurants Inc., owner of Carl's Jr., Hardee's and various other quick-serve restaurant chains.
A few 2014 tech predictions

An IPO from payment processor Square and the widespread reality of same day delivery are a few of the technology-oriented predictions, offered by Fortune’s San Francisco-based writer JP Mangalindan.

Consumer confidence improves in Dec.

2014 sees upturn in consumer confidence

Wendy's sells 49 locations

Report: Whole Foods Market to acquire six Dominick’s locations

Egg indicator shows prices up

Pantene picks Gisele's flowing mane

Cracker Barrel rejects shareholder request for sale

Bob’s Discount Furniture to be acquired by Bain Capital

Roark Capital closes acquisition of CKE Restaurants

A few 2014 tech predictions

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