Landry’s Restaurants, Inc. (NYSE: LNY) has announced that it has entered into a definitive agreement with Fertitta Holdings, Inc. Fertitta has agreed to acquire all outstanding common stock for $21.00 per share in cash. …
A report out of Citigroup this morning is sending shares of Saks Inc. (NYSE: SKS) higher this morning. The broker reiterated its BUY rating on the stock and its $20.00 target notes that the…
Starbucks (SBUX) is going to put another 150 stores in Europe. They are closing them in the US, so perhaps it all balances out. The coffee chain has come up against competition from places…
CNBC’s David Faber just broke news that InBev is closer to making a formal bid for Anheuser-Busch Companies Inc. (NYSE: BUD). He said that this bid could come in the next couple of weeks…
In yet another beloved move by ‘independent ratings agencies,’ Moody’s Investors Service has placed the Debt Ratings (not equity) of Yum Brands Inc. (NYSE: YUM) on review for a possible downgrade. The company’s senior…
There were some interesting and somewhat expected comments out of the new CEO of Gap Inc. (NYSE: GPS), Glenn Murphy. He was speaking today at the Piper Jaffray 28th Annual Consumer Conference. Murphy noted…
Pier One Inc. (NYSE: PIR) saw shares tumble today on what some may think as a game changing deal where it offered to acquire rival Cost Plus Inc. (NASDAQ: CPWM), the parent of its…
Corn prices hit an all-time high overnight. There has been too much rain on the farms where it is raised in the US. The cost of the stuff is up 47% this year. Corn…
The stories about the death of Wal-Mart (WMT) have been disappearing over the last few months as the world’s largest retailer posted remarkable sales. Now, there is nothing left to argue. During May, same-store…
Most of the descendants of Sam Walton, the founder of Wal-Mart (WMT) have often been a quart low. That may be why none of them has run the company. One of his daughters raises…
JoS. A. Bank Clothiers, Inc. (NASDAQ: JOSB) has just announced its quarterly earnings report for its Q1-2008. Earnings rose by 18% to $0.53 EPS, compared to $0.45 EPS for Q1-2007 and compares to First…
The J. M. Smucker Company (NYSE: SJM) and The Procter & Gamble Company (NYSE: PG) Folgers unit have confirmed yesterday’s reports that the two companies are going to merge. The Folgers coffee business was…
If you have been a "diet" or zero calorie soft drink beverage drinker or have used artificial sweeteners on foods, there has always been the issue of "what are you putting into your body?". …
Shares of J. Crew Group, Inc. (NYSE: JCG) are drowning in after-hours trading. The apparel retailer posted over 20% gains to $0.48 EPS on a 15% rise in revenues to $340.6 million. First Call…
Sears Holdings Corporation (NASDAQ: SHLD) posted a loss this morning, and it is being reflected in the shares. The retail giant controlled by Eddie Lampert saw a $56 million loss, which translated to -$0.43…