Just as rumors of a merger with Borders Books began to fade, the bookseller is once again in the spotlight as a major stakeholder, Aletheia Research and Management, is embroiled in legal troubles and an SEC investigation.
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Home Depot raised its 2010 outlook, and expects both sales and profits to rise in 2011, when it plans to open 10 new stores. The nation’s biggest home improvement retailer expects sales to rise approximately 2.3%, up from a pre…
As part of its efforts to reduce its labor costs, Walmart plans to stop paying its staff an extra $1 an hour for working Sundays starting in 2011, according to Bloomberg. The move won’t affect the retailer’s 1.4 million current…
McDonald’s (MCD) said that sales at stores open at least one year rose 4.8% in November from a year earlier.
Comparable sales rose 4.9% in Europe and the United States, and by 2.4% in the rest of the world, the company said in a statement.
“Contemp…
Yum Brands Inc, (YUM) owner of the KFC and Pizza Hut brands, is taking aim at the fast-growing African market for fast food.
The company, based in Louisville, Ky, plans to double the number of KFC restaurants in Africa to 1,200 by 2014, The Wall Stre…