Why Best Buy’s Founder Killed the Buyout
courtesy Best Buy Co. Inc.Best Buy Co. Inc. (NYSE: BBY) founder Richard Schulze will not make an offer to buy a large stake in the company in exchange for three board seats, according to…
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Newest first · Page 274Herbalife Increases Board, Will Add Two Icahn Appointees
Courtesy Herbalife Ltd.Trading was halted briefly this afternoon in shares of nutrition and weight-control firm Herbalife Ltd. (NYSE: HLF) before the company announced that it had reached an agreement with activist investor Carl Icahn…
Whither Best Buy as Schulze’s Deadline Nears?
courtesy Best Buy Co. Inc.We’ll know at midnight tonight whether or not Best Buy Co. Inc. (NYSE: BBY) founder Richard Schulze has put together an offer for the company he once ran and from…
Works in Progress: Sears and J.C. Penney
thinkstockShares of J.C. Penney Co. Inc. (NYSE: JCP) are down nearly 18% in the first few minutes of trading this morning following a disastrous quarterly earnings report delivered after markets closed last night. For…
Sears Shares Rise on Solid Results
ThinkstockSears Holdings Corp. (NASDAQ: SHLD) reported fourth-quarter and fiscal year 2012 results before markets opened this morning. The department store operator reported quarterly adjusted diluted earnings per share (EPS) of $1.12 on revenues of…
Walmart Administrative Officer Resigns
courtesy of Wal-Mart Stores Inc.Wal-Mart Stores Inc.’s (NYSE: WMT) chief administrative officer has left the retailer suddenly. Tom Mars was general counsel during a period (2002 to 2009) when the retailer allegedly bribed Mexican…
A Case for Keeping J.C. Penney’s CEO
courtesy J.C. Penney Co. Inc.Based on all the quarterly earnings results of J.C. Penney Co. Inc. (NYSE: JCP) since bumbler Ron Johnson took over as chief executive officer, he should have been fired long…
Coach Sale Rumors Trump New Creative Director Announcement
ThinkstockCoach Inc. (NYSE: COH) is trading higher on Wednesday on unconfirmed reports from the site DealReporter that the luxury goods purveyor is exploring a sale of the company. The first thing we would note about…
Target Beats Estimates and Guides Higher, but Shares Slide
courtesy of TargetTarget Corp. (NYSE: TGT) reported fourth-quarter and fiscal-year results before markets opened this morning. The big-box retailer posted adjusted diluted earnings per share (EPS) for the quarter of $1.65 and $22.73 billion…
Dollar Tree Results Beat Estimates, Guidance a Little Soft
ThinkstockDollar Tree Inc. (NASDAQ: DLTR) reported fourth-quarter and full-year results before markets opened this morning. The discount retailer reported adjusted diluted earnings per share (EPS) for the quarter of $1.01 on revenues of $2.25…
Crimson Wine Group — Alas, Another Public Wine Company
ThinkstockCrimson Wine Group Ltd. (OTC: CWGL) is the newest company to hit the markets around the trade of wine, beer and spirits. This is actually a spin-off that was just completed from Leucadia National…
Macy’s Beats, Shares Get Nice Lift
ThinkstockMacy’s Inc. (NYSE: M) reported fourth-quarter and fiscal-year results before markets opened this morning. The department store giant posted quarterly adjusted diluted earnings per share (EPS) of $2.05 on revenues of $9.35 billion. In…
Barnes & Noble — Another Founder LBO?
ThinkstockThe Wall Street Journal published a rumor that Barnes & Noble Inc. (NYSE: BKS) chairman and large shareholder Leonard Riggio may try to takeover the part of the company that owns its stores through a leveraged buyout (LBO). Riggio may…
Abercrombie & Fitch Boosts Dividend, Changes Accounting Method
thinkstockAbercrombie & Fitch Co. (NYSE: ANF) reported fourth-quarter and full-year 2012 earnings before markets opened this morning. For the quarter, the specialty retailer posted adjusted diluted earnings per share (EPS) of $2.21 on revenues…
Nordstrom Guides a Little Light, Shares Dive After Hours
ThinkstockNordstrom Inc. (NYSE: JWN) reported fourth quarter and full-year 2012 results after markets closed today. For the quarter, the high-end retailer diluted posted earnings per share (EPS) of $1.40 and $3.7 billion in revenues.…