Content about banking

May 17, 2013
Supervalu refinances $1.5 billion senior secured term loan agreement

Supervalu successfully completed the refinancing of its existing $1.5 billion senior secured term loan agreement.

MINNEAPOLIS — Supervalu on Thursday successfully completed the refinancing of its existing $1.5 billion senior secured term loan agreement. The amendment reduces the interest rate margin from 5% to 4% and reduces the LIBOR floor from 1.25% to 1% for LIBOR based loans. 

September 7, 2012
Shoppers Drug Mart, RBC extend alliance with new Shoppers Optimum MasterCard

Royal Bank of Canada and Canadian pharmacy retailer Shoppers Drug Mart have introduced a new cobranded RBC Shoppers Optimum MasterCard.

TORONTO — Royal Bank of Canada and Canadian pharmacy retailer Shoppers Drug Mart have introduced a new cobranded RBC Shoppers Optimum MasterCard. In conjunction with the launch, RBC announced its intention to acquire the existing Shoppers Optimum MasterCard credit card portfolio.
 

May 23, 2012
Kmart introduces bill-payment service

Kmart has introduced a walk-in bill payment service in its stores, the mass merchandise retail chain said Wednesday.

HOFFMAN ESTATES, Ill. — Kmart has introduced a walk-in bill payment service in its stores, the mass merchandise retail chain said Wednesday.

Kmart announced the introduction of the CheckFreePay walk-in bill payment service from Fiserv, which allows customers at all of the chain's stores to pay bills from more than 3,000 companies, including utility, credit card and auto loan bills, for $1.50 or less per transaction, with cash or a PIN-based debit card.

April 26, 2012
Walmart becomes first-ever retailer to launch online 'pay with cash' option

Walmart has launched a "pay with cash" service that offers cash payment options for online orders at Walmart.com in the United States.

BENTONVILLE, Ark. — Walmart has launched a "pay with cash" service that offers cash payment options for online orders at Walmart.com in the United States.

Walmart is the first major retailer to offer online purchases without the need for banking services or a credit, debit or prepaid card.

January 17, 2012
Shoppers Drug Mart, RBC launch co-branded national program

Royal Bank of Canada and Shoppers Drug Mart are launching a nationwide program that makes it more convenient for Canadians to bank and earn rewards at Shoppers Drug Mart/Pharmaprix locations throughout the country.

TORONTO — Royal Bank of Canada and Shoppers Drug Mart are launching a nationwide program that makes it more convenient for Canadians to bank and earn rewards at Shoppers Drug Mart/Pharmaprix locations throughout the country.

November 21, 2011
Perrigo names M&A vet to corporate development post

Perrigo on Monday named Christopher Roop to the post of VP corporate development.

ALLEGAN, Mich. — Perrigo on Monday named Christopher Roop to the post of VP corporate development. In this role, Roop will be responsible for identifying, evaluating and pursuing acquisition targets that complement the company’s strategic growth objectives.

November 16, 2011
SoloHealth names former Walgreens SVP to board

SoloHealth, a consumer-driven healthcare technology company, on Wednesday said Stanley Blaylock, former Walgreens SVP and former president of Walgreens Health Services, will join SoloHealth’s board of directors.

ATLANTA — SoloHealth, a consumer-driven healthcare technology company, on Wednesday said Stanley Blaylock, former Walgreens SVP and former president of Walgreens Health Services, will join SoloHealth’s board of directors. The announcement comes as SoloHealth prepares for a nationwide rollout in 2012 of its next-generation, consumer health screening kiosk, the SoloHealth Station.

September 16, 2011
E.F. Bavis announces Bavis Solar Transaction Drawer

E.F. Bavis and Associates has launched a solar-powered transaction drawer for banking and pharmacy drive-through lanes, the company said.

CINCINNATI — E.F. Bavis and Associates has launched a solar-powered transaction drawer for banking and pharmacy drive-through lanes, the company said.

September 6, 2011
Putting wellness into hands of customers

An ounce of prevention is worth a pound of cure. At least that's what retailer Whole Foods is banking on with its test run of "Wellness Clubs."

WHAT IT MEANS AND WHY IT'S IMPORTANT — An ounce of prevention is worth a pound of cure. At least that's what retailer Whole Foods is banking on with its test run of "Wellness Clubs."

(THE NEWS: Whole Foods commences test run of Wellness Clubs. For the full story, click here)

April 25, 2011
Sears glamorizes mass-market appeal

Sears is banking on beauty and is hoping that its recent expansion into beauty not only encourages more women to see the softer side of Sears, but also will bolster cross-category shopping.


November 17, 2010
Giant Eagle offers customers more banking options with in-store branches

Huntington on Thursday announced the opening of the first of its Giant Eagle in-store branches,...

COLUMBUS, Ohio Huntington on Thursday announced the opening of the first of its Giant Eagle in-store branches, part of an exclusive, 15-year agreement announced in September to install seven-day-a-week, full-service branches in at least 103 Giant Eagle supermarkets.

 

October 24, 2010
NCPA inks deal with Live Oak Bank

In order to better facilitate the purchasing of independent community pharmacies, a group that represents...

September 26, 2010
Manufacturers hit nail on head with lacquer launches

It’s no secret that the economic crunch helped to spur the sales of nail products...

It’s no secret that the economic crunch helped to spur the sales of nail products in 2009—especially nail color—and that trend is expected to continue as women still are likely to forgo the pricey salon and embrace the do-it-yourself trend.

March 19, 2009
Ackman’s possible impact on Target after proxy battle

Even for well-run companies, it’s the era of shareholders in revolt. With corporate leaders on...

Even for well-run companies, it’s the era of shareholders in revolt. With corporate leaders on the hot seat over pay and bonuses, and their performance under intense scrutiny from angry taxpayers and stockholders, even companies far removed from the banking sector and Wall Street have been at least marginally swept up in a populist tide of anger over the cost of the federal bailout of the private sector and a seemingly endless series of mind-numbing missteps by banking and investment titans.