Back to Topic List  
 Previous    Next 
Company News

 Family Dollar tells employees work on Dollar Tree deal is proceeding
Charlotte Observer (North Carolina), September 30, 2014 Tuesday

 Family Dollar said in an email to its employees Tuesday that it’s proceeding with its plan to be acquired by Dollar Tree, even while rival Dollar General seeks to break up the deal and acquire Family Dollar itself.
 Dow Chemical fails to overturn price fixing case
The Kansas City Star, September 30, 2014 Tuesday

 A federal appeals court in Denver has upheld a $1.1 billion antitrust ruling against Dow Chemical that found the chemical giant conspired with competitors to fix prices in the polyurethane market.
 News Corp. buys real estate website
The Boston Globe, October 1, 2014 Wednesday

 NEW YORK — News Corp., the publishing company controlled by Rupert Murdoch, agreed Tuesday to buy Move Inc., an operator of real estate listings websites, for $950 million in cash, as the newspaper publisher continues to branch out into new businesses.
 Royal Bank of Scotland expects fewer bad-loan charges; Stronger outlook allows it to free some reserves
The Boston Globe, October 1, 2014 Wednesday

 LONDON — The Royal Bank of Scotland said Tuesday its outlook continues to improve as the British lender benefits from further declines in charges for bad loans. The bank, which is 81 percent owned by the British government, said it expected to "significantly outperform" its previous guidance for the 2014 fiscal year. The bank had expected to record about $1.6 billion in charges for bad loans this year. It did not provide an updated figure.
 Ireland warned on illegal aid to Apple; EU action may generate big bill for back taxes
The Boston Globe, October 1, 2014 Wednesday

 Apple on Tuesday reiterated that it got "no selective treatment from Irish officials over the years" and is subject to the same tax laws as "countless other companies" in Ireland. BRUSSELS — The European Commission on Tuesday published a warning to Ireland that it had granted Apple Inc. tax advantages that could amount to illegal state aid. In a preliminary finding, the commission told Ireland that it may be ordered to collect huge amounts of back taxes from the US technology giant. Tax experts,...
 Merger dings Walgreen; Firm reports 4Q net loss after absorbing a large accounting charge over Alliance Boots deal
Chicago Tribune, October 1, 2014 Wednesday

 Walgreen Co. reported a net loss for its fiscal fourth quarter after absorbing a large accounting charge related to its acquisition of European counterpart Alliance Boots GmbH. The drugstore operator recorded an $866 million noncash loss in the quarter ended Aug. 31 because it opted to exercise early an option to buy the remaining stake in health and beauty retailer Alliance Boots. In 2012, Deerfield-based Walgreen bought a 45 percent stake in the Swiss company and had until 2015 to decide...
 Suitors eye PayPal, eBay after separation; Google, Alibaba could make play for payments firm
Chicago Tribune, October 1, 2014 Wednesday

 A split of eBay may put the pieces in play. EBay announced Tuesday that it's spinning off the PayPal payment-services business from its online marketplaces to unlock value at a $70 billion company whose valuation has been sagging lately. The move could make either half of the company a target as industry acquirers from Alibaba Group Holding to Google seek ways to further their dominance of the Internet.
 Tesla deal in Nevada overstated?; Analysts question economic benefits of battery factory
Chicago Tribune, October 1, 2014 Wednesday

 -- When Nevada Gov. Brian Sandoval announced a $1.3 billion package of public subsidies to lure a Tesla Motors battery factory, he stressed that the huge sum would be dwarfed by an economic windfall for local residents. The maker of electric cars will create $100 billion in economic benefits, he said, and "change Nevada forever." "Even the most skeptical economist would conclude that this is a strong return for us," Sandoval said during a recent news conference with Tesla Chief Executive Elon...
 News Corp. Buying Site for Property Listings
The New York Times, October 1, 2014 Wednesday

 Updated, 8:02 p.m. | News Corporation, the publishing company controlled by Rupert Murdoch, agreed on Tuesday to buy Move Inc., an operator of real estate listings websites, for $950 million in cash, as the newspaper publisher continues to branch out into new businesses. The transaction is the latest, and largest, by Mr. Murdoch's publishing arm since it split from 21st Century Fox last year.
 Market Ends the Month With a Whimper
The New York Times, October 1, 2014 Wednesday

 A stormy month in the stock market came to a quiet end on Tuesday. Major indexes drifted to a slight loss, leaving the Standard & Poor's 500-stock index down 1.6 percent for September, its third monthly drop this year.
 Cadillac Recalls 17,500 SRX Crossovers in Canada
The New York Times, October 1, 2014 Wednesday

 General Motors is recalling about 17,500 Cadillac SRX crossovers from the 2010-15 model years in Canada for a rear suspension problem, according to a notice posted on the website of Transport Canada, the Canadian counterpart of the National Highway Traffic Safety Administration. It was unclear whether a similar recall was planned in the United States.
 Macy’s plans to hire 86,000 this holiday season
Plain Dealer (Cleveland, OH), September 30, 2014 Tuesday

 Macy’s Inc. announced plans to hire 86,000 seasonal workers for the 2014 holiday shopping season, up 3.6 percent from the 83,000 employees the retailer hired last year. That includes about 3,335 employees at the 35 Macy’s stores in Ohio, as well as about 365 at its customer service center in Mason, suburban Cincinnati, said spokesman Jim Sluzewski.
 Holiday hiring is in full swing; The clock is ticking for people planning to pick up a job this season, as retailers are already building their workforces for the coming months
The Buffalo News (New York), September 30, 2014 Tuesday

 Planning to pick up seasonal work this holiday season? You'd better get a move on.   Though summer ended barely a week ago and the Christmas season seems worlds away, retailers are already busy as elves building their holiday workforces.   In fact, 68 percent of retailers will have done the majority of their holiday hiring well before the first snowflakes fall, having their holiday staff on board two weeks before Halloween.
 Bank of America fined for asset gaffe
The Boston Globe, September 30, 2014 Tuesday

 NEW YORK — Bank of America Corp. will pay $7.65 million to settle allegations it overstated how much capital it had on its books, the Securities and Exchange Commission said Monday.
 EU regulator pushes inquiry on tax deals; Focuses on arrangements such as Apple's in Ireland
The Boston Globe, September 30, 2014 Tuesday

 Apple has long insisted it has fulfilled its tax obligations and has made no special arrangements with Ireland. BRUSSELS — Europe's antitrust regulator is expected to provide fuller details on why it suspects Ireland and some other low-tax countries have made special deals with multinationals such as Apple that helped the companies avoid billions in taxes and created unfair advantages over other EU countries. As soon as Tuesday, the antitrust regulator is expected to publish a formal report on...
 Ford shares fall as company lowers its profit forecast
The Boston Globe, September 30, 2014 Tuesday

 Ford expects to lose $1 billion in South America and $300 million in Russia this year. DEARBORN, Mich. — Ford shares tumbled Monday after the automaker said it will fall short of its full-year profit goals.
 As it restructures, UBS offers a one-for-one exchange of shares
The Boston Globe, September 30, 2014 Tuesday

 LONDON — The Swiss bank UBS initiated an offer Monday for shareholders to exchange their existing shares on a one-for-one basis for a stake in its new holding company.
 Air France, After Strike, Faces New Uncertainty
The New York Times, September 30, 2014 Tuesday

 PARIS -- After a two-week pilots' strike that inconvenienced nearly a million passengers and caused Air France to lose an estimated 280 million euros, the airline was slowly returning to the skies on Monday. It was unclear what the pilots had achieved from the strike, other than to delay severely the return to profitability for the French-Dutch parent company, Air France-KLM, and to curb the company's ambitions for growth in Europe's fiercely competitive regional market. One outcome may be...
 Toyota Recalling Trucks for Suspension Defect
The New York Times, September 30, 2014 Tuesday

 Toyota is recalling 790,000 Tacoma pickup trucks from the 2005-11 model years worldwide, including about 690,000 in the United States, because a rear suspension part could break and possibly puncture the gas tank or damage a brake line, the automaker said Monday. On vehicles with the defect, corrosion could weaken a leaf spring, allowing it to break. ''The broken leaf could move out of position and contact surrounding components, including the fuel tank,'' the automaker said in a news release.
 Coffee with bagels: Einstein to unite with Peet's, Caribou
Chicago Tribune, September 30, 2014 Tuesday

 Bagel purveyor Einstein Noah Restaurant Group Inc. said Monday that it is being sold to JAB Holding Co., majority owner of coffee companies that include Peet's Coffee & Tea and Caribou Coffee, for $374 million.
 Ford bad news whacks stock; In his debut, CEO reports it won't meet forecasts
USA TODAY, September 30, 2014 Tuesday

 Ford Motor's new CEO and his executive team told investors, analysts and news media on Monday that the company won't do as well as forecast, sending the stock price tumbling.
 AIG bailout trial begins; Board accepted loan 'voluntarily,' feds say
USA TODAY, September 30, 2014 Tuesday

 Opening a heavily anticipated trial that could set a precedent for future government bailouts, the lawyer for American International Group's former CEO argued Monday that the Federal Reserve overstepped its authority in 2008 when it gave loans to rescue and take controlling ownership of the insurance giant.
 Toyota Corolla surge claims probed; Safety agency reviews complaints that the sedan can accelerate unexpectedly.
Los Angeles Times, September 30, 2014 Tuesday

 Federal safety regulators are looking into complaints that Toyota Corollas can surge unexpectedly even when a driver is pressing the brake pedal. The National Highway Traffic Safety Administration said it is examining 163 complaints from drivers to decide whether to open a formal safety investigation. The agency is responding to a complaint from Kathy Ruginis of Bristol, R.I., who said her Corolla surged forward into a Jeep even though she was braking as she parked the Toyota. Ruginis...
 MARKET ROUNDUP; Stocks fall on anxiety over lofty valuations
Los Angeles Times, September 30, 2014 Tuesday

 Concerns over high stock prices and global politics continued to plague markets Monday as major stock indexes ended with slight losses in another day of choppy trading. Pro-democracy protests in Hong Kong, a major world financial center, added to the host of political concerns on investors' minds.
 American Apparel names outsider as interim CEO; Scott Brubaker of turnaround firm Alvarez & Marsal will lead the L.A. retailer.
Los Angeles Times, September 30, 2014 Tuesday

 American Apparel Inc. is bringing aboard two fresh recruits, one as interim chief executive and one as new chief financial officer, as part of an effort to move beyond a summer of upheaval. The Los Angeles company tapped Scott Brubaker, a managing partner at turnaround firm Alvarez & Marsal, as interim CEO. He will succeed John Luttrell, who is leaving the retailer after serving as chief financial officer and interim chief executive. Hassan Natha, a former Nike executive, was named the new...

Back to Topic List
Copyright © 2014 LexisNexis, a division of Reed Elsevier Inc. All Rights Reserved.  
Terms and Conditions   Privacy Policy