Department store operator J.C. Penney (JCP) reported third-quarter earnings of 19 cents per share, compared with 11 cents per share a year earlier.
Net sales rose 0.2% to $4.2 billion, while sales at stores open at least on year gained 1.9%, J.C. Pen…
Goldman Sachs Group won’t stop taking orders for General Motor’s initial public offering at noon Friday, the investment banking giant now says, despite an email sent by the bank to clients on Thursday that said it would, Dow Jo…
The world’s largest coffee retailer said it plans to open 500 new locations – the highest planned store-opening rate since the 2008 fiscal year. And in the next two years, China will be Starbucks’ biggest growth market.
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Wendy’s/Arby’s Group (WEN) reported a net loss of $900,000 for the third quarter, compared with a profit of $14.7 million for the third quarter of 2009.
Revenues at the fast-food company dropped to $861.2 million for the quarter, compared with $903.2…
Mizuho Financial Group (MFG), Japan’s third-largest bank, will take a $500 million stake in asset manager BlackRock Inc. (BLK)
Mizuho will buy a total of 3.07 million shares of BlackRock for $163 a share, Bloomberg News said. The purchases will give M…