Hedge fund manager Loeb launches proxy battle at Sotheby’s
(Reuters) - Billionaire hedge fund manager Daniel Loeb is mounting a proxy fight at Sotheby's with the goal of winning three board seats after the auction house's promise to return...
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Sotheby’s sets dividend, share buybacks, investors shrug
BOSTON (Reuters) - Sotheby's said on Wednesday it will return $450 million to investors through a special dividend and a share buyback, but the moves got a lukewarm reception from...
Discounts, promotions spur sales in U.S. holiday season
(Reuters) - Sales during the 2013 U.S. holiday season grew from a year earlier as deep discounting and increased promotions encouraged consumers to buy more. Holiday sales between November 1...
Spartan Stores to buy Nash Finch in military store play
(Reuters) - Grocery distributor Spartan Stores Inc will acquire Nash Finch Co to become the largest food supplier to U.S. military stores and expand beyond its midwestern stronghold. The all-stock...
Men’s Wearhouse’s ousted founder ponders comeback
Men's Wearhouse Inc founder and longtime commercial spokesman George Zimmer is pondering options that could include trying to stage a comeback after he quit the clothing company's board on Monday,...
Guess forecasts strong sales this quarter; shares rise
(Reuters) - Apparel retailer Guess Inc forecast current-quarter sales above Wall Street's estimates after reporting a higher-than-expected quarterly profit, sending its shares up 10 percent in trading after the bell....
Sears losses mount, weighs sale of unit to shore up liquidity
(Reuters) - U.S. retailer Sears Holdings cast bigger doubts on the progress of its turnaround after reporting a bigger-than-expected quarterly loss, hurt by cooler spring weather. Shares of the company,...
Barnes & Noble chairman wants to take back superstores he founded
(Reuters) - Barnes & Noble Inc Chairman Leonard Riggio, joining a growing list of executives lining up to buy the fading companies they founded, offered to buy the bookseller's declining...
Acquisitive Flowers seeks bigger slice of U.S. bread market
(Reuters) - From a family bakery to the largest American-owned company in the $30 billion U.S. baking industry, Flowers Foods Inc has risen a long way since it was founded...
Acquisitive Flowers seeks bigger slice of U.S. bread market
(Reuters) - From a family bakery to the largest American-owned company in the $30 billion U.S. baking industry, Flowers Foods Inc has risen a long way since it was founded...