Financial News

02/25/2014 - 1:35pm

Bi-Lo Holdings and Delhaize Group on Tuesday announced they have received approval from the Federal Trade Commission to proceed with the transaction in which Bi-Lo Holdings will acquire substantially all of the stores in the Sweetbay, Harveys and Reid’s supermarket chains from Delhaize.

02/24/2014 - 5:55am

Cerberus Capital Management is the lead bidder for Safeway, according to a Bloomberg report published Saturday that cited people with knowledge of the matter.

02/20/2014 - 12:12pm

Walmart knew fourth quarter results and its outlook would be weak so it gave investors Thursday morning something more substantial to digest by announcing plans to double the number of small format stores it will open this year and an increased omnichannel focus.

02/20/2014 - 11:25am

Bloomberg on Thursday lined up the potential suitors in discussion with Safeway on a sale of the grocer, citing people with knowledge of the matter.

02/19/2014 - 5:30pm

Safeway on Wednesday afternoon confirmed it is in discussions concerning a possible transaction involving the sale of the company.

02/18/2014 - 10:45am

Credit Suisse on Tuesday speculated that Safeway may be considering either a sale or acquisition.

02/18/2014 - 9:24am

Actavis and Forest Labs. announced that they have entered into a definitive agreement under which Actavis will acquire Forest for a combination of cash and equity valued at approximately $25 billion, or $89.48 per Forest share ($26.04 in cash and 0.3306 Actavis shares for each share of Forest common stock).

02/11/2014 - 2:51pm

French beauty brand L’Oréal is buying back 8% of its shares from Nestlé, loosening their long-standing alliance, the companies have announced.

02/11/2014 - 12:40pm

Kroger on Tuesday announced it has purchased the assets of You Technology Brand Services, a Silicon Valley-based platform of digital coupons and promotions.

02/06/2014 - 5:53pm

Retail industry sales — which exclude automobiles, gas stations, and restaurants — will increase 4.1% in 2014, up from the preliminary 3.7% growth seen in 2013, according to the National Retail Federation. The association’s 2014 economic forecast, released Thursday, calls for online sales to grow between 9% and 12%.