Market Basket Chain Starts Recovery from Summer Turmoil
Market Basket is expecting to recover from its summer turmoil that saw customer boycott and an employee walk out for six weeks, by looking to old and new customers. According …
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Family Dollar Rejects Sweetened Bid from Dollar General
The financial war between the dollar stores took another turn on Friday when Family Dollar rejected the sweetened bid of $9.1 billion from Dollar General, citing concerns for antitrust. Howard …
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CVS Stops Sale of Tobacco Products a Month Earlier
On Wednesday, CVS, a big drugstore chain announced that it had stopped selling cigars, cigarettes and tobacco products a month earlier than expected. The company changed its name to CVS …
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Bank of England Holds Rates Steady
The Bank of England voted to maintain the main interest rate low at 0.5% despite the British economy’s fast recovery. Investors will be forced to wait about two weeks to …
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Chinese Antitrust Body Gives Microsoft 20 Days to Explain Windows Compatibility
Microsoft has up to 20 days to clarify matters related to its Windows operating system and Office software suite compatibility, a Chinese anti-trust body said on Monday, as the corporation …
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Norwegian Cruise Line to Purchase Prestige Cruises for $3 Billion
Norwegian Cruise Line Holdings Ltd said on Tuesday that it would buy Prestige Cruises International Inc for $3 Billion from Apollo Global Management LLC in a bid to expand its offerings …
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Fiat-Chrysler Forecasts New York Stock Market Listing on October 13
Fiat-Chrysler intends to list shares in the newly created car manufacturer in New York on Oct. 13, according to a statement by chief executive Sergio Marchionne on Saturday. He said …
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Family Dollar Deal Achievable, Says Dollar General
Dollar General Corp said it was still committed to buying competitor Family Dollar Stores Inc. and that its overture is superior and can be accomplished, compared with the offer from …
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Time Warner Cable Back in Service After Net Outage
Time Warner Inc., which intends to merge with Comcast Corp, reported internet service is for the most part restored after US subscribers complained of outages in the morning. The New …
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CCI Slaps Car Makers with Fines Worth $420 Million for Anti-trust Behavior
The Competition Commission of India (CCI) has slapped fines amounting to 25.5 billion rupees ($420 million) on a dozen of global and domestic auto companies after an investigation found them …
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