Much to retailers’ surprise, old man winter didn’t deter consumers from the post-holiday clearance sales. Merchants posted better-than-expected January results despite the dreadful weather that had caused many analysts to cool …
Retailer BJ’s Wholesale Club (BJ) jumped in premarket trading after announcing that it is considering putting itself up for sale.
The stock jumped 13.35% to $48.74 a share at 8:12 am ET.
BJ’s has hired Morgan Stanley & Co. (MS) to advise on opt…
The world’s largest automaker is looking to reduce managerial staff at its sales headquarters in Torrance, Calif., by offering workers a buyout.
Continue reading Toyota Offers California Employees Buyouts to Sl…
Record snowfalls across the country dampened hopes of retailers for a strong end to the fiscal year. Many are expecting disappointment when major retailers report January sales on Thursday. The weather slowed what was already a…
Citigroup has foreclosed on U.K.-based record label EMI Group, taking it back from private-equity firm Terra Firma, which bought EMI from Citigroup for a whopping $4.7 billion in 2007.
Continue reading Citigrou…