Financial News: Page 408
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Food retailers vow not to sell GMO fish
The announcement comes as the FDA moves closer to approving genetically engineered salmon for sale in the U.S.
By Roger Riddell • March 20, 2013 -
FedEx falls short of analysts' estimates despite e-commerce growth
Average daily package volume growth of 10% in the ground division couldn't offset losses in other areas.
By Roger Riddell • March 20, 2013 -
CVS Caremark funds CSU pharmacy school technology lab
The CVS Caremark Student Center and Technology Laboratory at Chicago State University will help prepare students for the rapidly changing pharmacy industry.
By Roger Riddell • March 19, 2013 -
Bloomberg wants NYC retailers to hide tobacco products
A new bill proposed Monday would require just that.
By Roger Riddell • March 19, 2013 -
Private-equity firms struggle with $36B specialty retail investments
Many of the pre-recession investments have yet to pay off and have taken a beating from the competition.
By Roger Riddell • March 15, 2013 -
Major UK retailers sending only 10% of waste to landfill
The group of 25 retailers committed to reducing waste sent to landfill below 15%.
By Roger Riddell • March 15, 2013 -
Japan's DoCoMo expands e-commerce business with $22M Magaseek purchase
The online fashion retail startup will become a DoCoMo subsidiary.
By Roger Riddell • March 15, 2013 -
D.C. Council to give 'large retailer' living wage bill a hearing
The bill would require "large retailers" in the city to pay a minimum wage of $11.75 plus benefits.
By Roger Riddell • March 14, 2013 -
U.S. retail sales make biggest jump in five months
The increase was largely boosted by an improving job market.
By Roger Riddell • March 13, 2013 -
Michaels increases profit ahead of IPO
The IPO was on hold prior to the hiring of new CEO Carl Rubin.
By Roger Riddell • March 13, 2013 -
Retailers sue Visa over penalties brought on by cyberattacks
Visa is being accused of "punishing" retailers who are attempting to contain data breaches.
By Christopher Sacco • March 13, 2013 -
Texas Supreme Court says asking for customers' ZIP codes is illegal
Texas' highest court rules that Michaels had broken consumer protection laws.
By Christopher Sacco • March 13, 2013 -
Forever 21 is becoming the teen retail market's dominant player
Analysts warn that Forever 21's rapid growth makes it too big for its competitors to ignore.
By Roger Riddell • March 12, 2013 -
Alibaba names Lu CEO ahead of possible IPO
Jonathan Lu will replace Jack Ma as the CEO of China's largest e-commerce company.
By Christopher Sacco • March 11, 2013 -
LightSpeed to open its U.S. headquarters in Manhattan
The Canadian company provides inventory management and sales solutions.
By Christopher Sacco • March 11, 2013 -
Ex-Gamestop communications VP sentenced to prison
The former corporate spokesman pleaded guilty to defrauding the company out of almost $2 million.
By Roger Riddell • March 8, 2013 -
Sycamore Partners purchases Hot Topic for $600 million
The firm will take the teen apparel retailer private.
By Roger Riddell • March 8, 2013 -
Several retailers top February sales forecasts
The numbers are fueling optimism that consumer confidence is on the rise.
By Roger Riddell • March 7, 2013 -
Retail group supports repeal of employer healthcare mandate
The group argues that the repeal will help the retail community since it is dependent on labor.
By Christopher Sacco • March 7, 2013 -
Retailers join suits over 'pay for delay' pharmaceutical deals
Retailers say they sustained losses as a result of alleged antitrust law violations by pharmaceutical companies.
By Roger Riddell • March 6, 2013 -
Martha Stewart takes stand, denies wrongdoing in J.C. Penney deal
Stewart went on to say that Macy's hasn't upheld its end of an agreement to maximize the potential of her company's business.
By Christopher Sacco • March 6, 2013 -
Sears Holdings Corp. CEO Lampert invests heavily in company
Premarket trading was up on news of the Lampert's Monday stock purchase.
By Roger Riddell • March 5, 2013 -
Obama officially nominates Walmart exec for budget chief
Burwell previously served in several other government positions.
By Roger Riddell • March 4, 2013 -
Amazon leads in customer satisfaction, Netflix continues to struggle
Netflix is still repairing its reputation with customers after missteps in 2011.
By Roger Riddell • March 3, 2013 -
Target's entrance into Canada expected to create 'all-out retail war'
Target is launching in Canada at an inconvenient time for the country's retailers.
By Roger Riddell • Feb. 27, 2013