by | Sep 23, 2010 | Towing
Rite Aid Corporation (RAD) announced a quarterly loss of 23 cents per diluted share, compared to a loss of 14 cents per share a year earlier, thanks to refinancing costs and falling revenues.
Revenue for the quarter ending Aug. 28 was $6.2 billion, compared with $6.3 billion a year earlier, the company said in a statement. Same store sales fell 1.5%.
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The net loss included a charge…
Continue reading Rite Aid Earnings Highlight Another Rough Quarter
Rite Aid Earnings Highlight Another Rough Quarter originally appeared on DailyFinance on Thu, 23 Sep 2010 08:16:00.
Filed Under: Company News, Economy, Health Care, Retail
by | Sep 23, 2010 | Towing
McDonald’s (MCD) declared a quarterly cash dividend of 61 cents a share, an 11% increase over the previous quarterly dividend.
This brings the fourth quarter dividend payout to about $650 million, McDonald’s said in a statement.
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“With today’s announced dividend increase, we expect the 2010 total cash returned to shareholders to be approximately $5 billion, split between dividends…
Continue reading McDonald’s Raises Dividend to 61 Cents a Share
McDonald’s Raises Dividend to 61 Cents a Share originally appeared on DailyFinance on Thu, 23 Sep 2010 07:54:00.
Filed Under: Company News, McDonald’s, Retail, Stocks in the News
by | Sep 23, 2010 | Towing
Virgin Group Ltd, founded by U.K. tycoon Richard Branson, plans enter the hotel industry.
Virgin will spend as much as $500 million on high-end hotels aimed at “high income, well-educated, metropolitan ‘creative class'” customers, Bloomberg News said. The company is scouting for locations in cities including New York, San Francisco and Miami.
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The U.S. hotel industry is recovering from…
Continue reading Virgin Group to Enter Hotel Industry
Virgin Group to Enter Hotel Industry originally appeared on DailyFinance on Thu, 23 Sep 2010 07:39:00.
Filed Under: Company News, Economy, People, Investing, Real Estate, Retail
by | Sep 23, 2010 | Towing
Electrolux (ELUXY) named Keith McLoughlin as president and CEO after Hans Stråberg notified the board that he wishes to leave the company.
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McLoughlin will succeed Stråberg on January 1, 2011, Electrolux said in a statement. McLoughlin is currently in charge of R&D, Manufacturing and Purchasing for Electrolux Major Appliances. He was previously head of Electrolux…
Continue reading Electrolux Names New CEO
Electrolux Names New CEO originally appeared on DailyFinance on Thu, 23 Sep 2010 07:22:00.
Filed Under: Company News, Technology, Green, Retail
by | Sep 23, 2010 | Towing
According to a new analysis, the U.S. government would have to sell all its shares in General Motors at an average price of $133.78 a share in order to break even on its stake in the automaker. Should U.S. taxpayers be worried?…
