Financial News

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%.

02/06/2014 - 11:40am

Fred's Super Dollar on Thursday reported $134.8 million in sales for the four weeks ended Feb. 1, representing a 1.1% decline on an adjusted basis.

02/06/2014 - 11:22am

McKesson confirmed that it has completed the previously announced agreement with Franz Haniel & Cie. GmbH to acquire their entire holding of Celesio shares.

02/06/2014 - 10:34am

Costco on Thursday reported net sales of $8 billion for the four weeks ended Feb. 2, representing an increase of 6% percent from the similar four-week period last year.

02/05/2014 - 10:51am

Walgreens posted January sales of $6.4 billion, an increase of 3.7% compared with the year-ago period.