Bowing to reality, Best Buy will slash the floor space it devotes to compact discs and DVDs this holiday season. It’s a reflection of the record industry’s grinding digital transformation. Meanwhile, Google is getting ready to …
It has been two years since Lehman Brothers went under, sparking the Great Recession. While the banks have done surprisingly well in past two years, the economy is still struggling to recover and millions remain out of work. He…
Investor Nelson Peltz sold 1.6 million shares in H.J. Heinz Co. (HNZ), reducing his stake by about one third. He now holds about 1% of the company’s shares.
Peltz has sold shares worth $75.9 million since Friday, Dow Jones Newswires reported.
In 2006, Peltz successfully fought to get two directors on to the Heinz board as he tried to get the company to improve results.
Heinz…
Continue reading Investor Nelson Peltz Cuts Stake in Heinz
Investor Nelson Peltz Cuts Stake in Heinz originally appeared on DailyFinance on Wed, 15 Sep 2010 08:49:00.
Filed Under: Company News, People, Investing, Earnings, HJ Heinz Company, Retail, Stocks in the News
Supermarket giant Kroger said earnings per share rose to 41 cents in the second quarter of fiscal 2010 from 39 cents a year earlier.
Continue reading Kroger Reports Earnings of 41 Cents Per Share
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Best Buy reported fiscal second-quarter earnings grew 61% despite a decline in consumer traffic. But shoppers bought more per purchase. The results took many by surprise, especially with the company also boosting guidance, ar t…