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Consumer Confidence Drops in March

Consumer Confidence Drops in March

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  1. Safeway Rallies on Report of Buyout Interest

    Safeway (NYSE:SWY) is reportedly garnering interest from a handful of buyout firms, setting the stage for what could become one of the largest leveraged buyouts sinc...

  2. Supervalu Swings to 2Q Profit, Beats the Street

    Supervalu (NYSE:SVU) turned a profit in the second quarter, thanks to lower costs and improved margins for the grocery chain.The company reported a profit of $40 mil...

  3. Supervalu posts profit as operating costs fall

    Supermarket operator Supervalu Inc reported a second-quarter profit, compared with a year-earlier loss, as operating costs fell.Net income was $40 million, or 15 cen...

  4. Safeway to exit Chicago by early 2014, profit falls

    Safeway Inc on Thursday said that it plans to leave the Chicago market by early next year and posted a sharply lower earnings for the third quarter.Shares of Safeway...

  5. OfficeMax CFO to Join Supervalu

    OfficeMax Inc (NYSE:OMX)_ said Wednesday that Chief Financial Officer Bruce Besanko would leave the third-largest U.S. office supply chain next month to take up the ...

  6. OfficeMax CFO departs to take same post at Supervalu

    OfficeMax Inc said Wednesday that Chief Financial Officer Bruce Besanko would leave the third-largest U.S. office supply chain next month to take up the same post at...

  7. Market Wrap for Thursday, July 18: Stocks Rise, But Technology Lags on Earnings Results

    The U.S. stock market was largely higher on Thursday despite mixed economic data. Strength was seen in financials, utilities, energy and industrials, while technolog...

  8. Kroger to Acquire Harris Teeter Supermarkets

    Kroger (NYSE:KR) agreed Tuesday to acquire fellow U.S. grocery chain Harris Teeter Supermarkets (NYSE:HTSI) for about $2.5 billion, a move that will further expand K...

  9. Report: Amazon to Roll Out Online Grocery Store

    Amazon.com Inc is planning a major roll-out of an online grocery business that it has been quietly developing for years, targeting one of the largest retail sectors ...

  10. Cerberus Looking at Grocery Chains for Potential Bids

    Cerberus Capital Management LP is eyeing about a half-dozen grocery chains for potential bids, as the buyout shop weighs whether to further expand its grocery busine...

  11. The Retailers with the Worst Customer Service

    Customer satisfaction with retailers is at an all-time high. However, while the industry improved overall, according to the American Consumer Satisfaction Index (ACS...

  12. Slimmed-Down Supervalu to Axe 1,100 Jobs

    In the wake of a recent deal to slim down by unloading grocery-store chains, Supervalu (NYSE:SVU) revealed plans on Tuesday to trim 1,100 jobs at its corporate and s...

  1. Cerberus Reaches $9B Buyout of Safeway

    A group of investors led by private equity firm Cerberus Capital Management scored a deal to buy Safeway (NYSELSWY) for about $9.2 billion, beating out rival grocery...

  2. Report: Cerberus Seeks $9B Deal for Safeway

    Cerberus Capital Management is reportedly looking to wrap up a $9 billion deal for Safeway (NYSE:SWY) this week, while rival grocery chain Kroger (NYSE:KR) considers...

  3. Leon Cooperman Buys GM, EBay, Gannett; Sells Ocwen

    Omega Advisors Inc., the hedge fund run by Leon Cooperman, has bought shares over the past quarter of eBay Inc., newspaper publisher Gannett Co. Inc., General Motors...

  4. Supervalu Profit Nearly Doubles in 4Q

    Supervalu Inc's quarterly profit nearly doubled as it continued to benefit from cost savings after selling hundreds of underperforming grocery stores last year.Share...

  5. Supervalu Third-quarter Profit Rises, Sales Fall

    Supervalu Inc. said Thursday its fiscal third-quarter profit rose to $31 million, or 12 cents a share, from $16 million, or 8 cents a share, a year earlier. Net sale...

  6. Supervalu Tumbles 9%

    Supervalu (NYSE:SVU) shares fell 9.3% on Monday after the grocery chain was hit with a downgrade from Goldman Sachs, which cited food stamp cuts and increased compet...

  7. For CFOs, It's No Longer Only About the Money

    Over the past two decades the role of the corporate CFO has evolved from simply a numbers guru to a big-picture thinker involved in nearly every facet of the company...

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