Bed Bath & Beyond: Death of Growth Redux
ThinkstockBack in June, the writing on the wall was becoming clear for Bed Bath & Beyond Inc. (NASDAQ: BBBY). After years and years of a great story, this retailer has reached its zenith for…
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Newest first · Page 280ConAgra on Track for New 52-Week High After Earnings
ThinkstockConAgra Foods Inc. (NYSE: CAG) reported second-quarter fiscal 2013 results before markets opened this morning. The food processor and packager reported adjusted diluted earnings per share (EPS) of $0.57 on revenues of $3.74 billion.…
Ackman: Herbalife “A Pyramid Scheme”
ThinkstockHedge fund manager William Ackman of Pershing Square Capital Management told CNBC today that he has taken a short position in nutrition and weight loss product maker Herbalife Inc. (NYSE: HLF). Shares of Herbalife…
General Mills Tops Q2 Profit Estimate
ThinkstockGeneral Mills Inc. (NYSE: GIS) reported second-quarter fiscal 2013 results before markets opened this morning. The food processing and packaged foods maker reported adjusted diluted earnings per share (EPS) of $0.86 on revenues of…
Confidence in Technology Rises to All-time High
courtesy of AppleThe Consumer Electronics Association (CEA) said this morning that its index of consumer technology expectations rose 9.3 point in December, lifting the index to an all-time high of 97.3 since the survey…
Caribou Buyout: The Coffee Bull Market Continues!
ThinkstockCaribou Coffee Company Inc. (NASDAQ: CBOU) is being acquired. If you want proof that the retail coffee market is not a dead sector, all you have to do is consider that Caribou is the…
Best Buy, Schulze Agree to Extend Bid Deadline
courtesy Best Buy Co. Inc.The weekend deadline for Richard Schulze to make an offer for Best Buy Co. Inc. (NYSE: BBY) has been extended to February 28, according to reports at CNBC.com and Reuters.…
Walmart, Kroger Among Bidders for Hostess
courtesy of Hostess Brands Inc.A couple of surprise names have popped up in the bidding war for bankrupt Hostess Brands Inc., makers of Twinkies, Ho-Hos, and Wonder Bread. Last Monday was the deadline for…
Beer Begins Flowing Again
ThinkstockBrewer Boston Beer Co. (NYSE: SAM) raised its full fiscal year guidance this morning, giving an initial lift to competitors Anheuser-Busch InBev SA/NV (NYSE: BUD) and Molson Coors Brewing Co. (NYSE: TAP) that quickly…
Retail Sales Bounce Higher
ThinkstockThis morning’s report on U.S. November retail sales showed a seasonally adjusted rise of 0.3% month-over-month and a 3.7% rise over the total for November 2011. Total sales for the past three months were…
Deal for Best Buy Could Come This Weekend
courtesy Best Buy Co. Inc.The founder of Best Buy Co. Inc. (NYSE: BBY) is preparing to make a fully financed offer for the company no later than this Sunday. The offer is expected to…
Membership Fees Lift Costco as Revenues Fall Short of Estimates
ThinkstockCostco Wholesale Corp. (NASDAQ: COST) reported first-quarter fiscal 2013 results before markets opened this morning. The big-box club store posted diluted earnings per share (EPS) of $0.95 on revenue of $23.2 billion. In the same…
Surface Tablet Coming to More Retailers
courtesy of MicrosoftMicrosoft Corp. (NASDAQ: MSFT) has decided to let a number of retailers, including Staples Inc. (NASDAQ: SPLS), offer its Surface tablet, perhaps to offset sales that never reached any real volume. Microsoft…
America’s Disappearing Restaurant Chains
ThinkstockIn the past 10 years, some of America’s biggest food chains have lost more than 50% of their sales as they closed hundreds of locations nationwide. These restaurants, which include former American staples such…
New Tax Collector in Town — Amazon
ThinkstockAmazon.com Inc. (NASDAQ: AMZN) has struck an agreement with the state of Massachusetts to begin collecting the state’s 6.25% sales tax in the fall of 2013. As of September, the online behemoth was collecting…