ThinkstockSafeway Inc. (NYSE: SWY) reported fourth-quarter and full-year 2012 results before markets opened this morning. For the quarter, the grocery store chain posted adjusted diluted earnings per share (EPS) of $0.94 on revenues of…
courtesy of Office DepotFollowing an inadvertent announcement earlier this morning of a merger between office supply retailers Office Depot Inc. (NYSE: ODP) and OfficeMax Inc. (NYSE: OMX), the two companies have now made it…
courtesy of Office DepotUPDATE: According to a report at The New York Times Dealbook blog, the announcement of a merger between Office Depot Inc. (NYSE: ODP) and OfficeMax Inc. (NYSE: OMX) was released prematurely…
ThinkstockSomeone’s going to take a beating after today’s earnings results from Herbalife Ltd. (NYSE: HLF). Will it be Carl Icahn, who now owns about 13% of the company’s stock, or will it be William…
ThinkstockPackaged food giant ConAgra Foods Inc. (NYSE: CAG) completed its $4.95 billion acquisition of private-label food maker Ralcorp late last month, and today the company told an analysts’ conference that 2013 will be a…
courtesy of Office DepotIf the press is correct, there is a very good chance that OfficeMax Inc. (NYSE: OMX) and Office Depot Inc. (NYSE: ODP) will merge, hundreds of stores will be closed and…
courtesy of Office DepotRumors came out over the weekend that Office Depot Inc. (NYSE: ODP) and OfficeMax Inc. (NYSE: OMX) finally are considering a long-awaited and long-speculated merger. This will not be an easy…
ThinkstockIn its quarterly report on estimated e-commerce retail sales released today, the U.S. Census Bureau said that adjusted online sales jumped 15.6% year-over-year in the fourth quarter of 2012. On an unadjusted basis, sales…
ThinkstockOne of the world’s leading luxury brand has filed a suit against one of the world’s largest discount retailers over allegedly false claims on engagement rings. Tiffany & Co. (NYSE: TIF) is suing Costco…
ThinkstockBurger King Worldwide Inc. (NYSE: BKW) reported fourth-quarter and full year 2012 results before markets opened this morning. For the quarter, the fast-food operator posted adjusted diluted earnings per share (EPS) of $0.23 on…
ThinkstockBefore markets opened this morning, Kraft Foods Group Inc. (NASDAQ: KRFT) announced major cuts to its fourth quarter 2012 financial guidance. Kraft is the stodgy bit of the former Kraft Foods, with brands like…
courtesy J.C. Penney Co. Inc.Now that nearly every public company in trouble appears to be a potential target for a leveraged buyout (LBO), J.C. Penney Co. Inc. (NYSE: JCP) has a chance to restructure…
ThinkstockThe Berkshire Hathaway Inc. (NYSE: BRK-A) $28 billion buyout of H.J. Heinz Co. (NYSE: HNZ) is already all over the news. What investors need to consider now is how this impacts other large food…
White House Photo by Pete SouzaWarren Buffett is out on another whale hunt acquisition today. Berkshire Hathaway Inc. (NYSE: BRK-A) and 3G Capital are acquiring food giant H.J. Heinz Co. (NYSE: HNZ). The terms…
courtesy Best Buy Co. Inc.Best Buy Co. Inc. (NYSE: BBY) founder Richard Schulze set an agreement with the troubled retailer’s board in August that would allow him to examine its financials with the goal of an…