Company

admin September 26, 2018

Arby’s likes to boast in its TV commercials that it has “the meats.” Well, Arby’s owner is about to get beefier: It’s buying hamburger joint Sonic for $2.3 billion. Inspire Brands, a private equity backed firm that owns Arby’s and Buffalo Wild Wings, is paying nearly 20% more for Sonic than what shares were trading […]

admin September 25, 2018

Bond yields in the United States have been rising. But investors aren’t freaking out. The Dow and S&P 500 both hit all-time highs last week — and the Nasdaq is not far from a record, either. The 10-Year Treasury yield, is still relatively low, but it has topped the psychologically important 3% threshold and is […]

admin September 25, 2018

Sears is running out of time to fix its problems, the CEO says. Eddie Lampert, who controls most of the company’s shares through his hedge fund, told the board on Monday that it must address “significant near-term constraints” in its cash position. He cited $134 million in debt payments due October 15. Lampert has proposed […]

admin September 25, 2018

The founders of Instagram have resigned from the business they started eight years ago in San Francisco and built into a global phenomenon used by a billion people. Kevin Systrom and Mike Krieger founded the photo-sharing app in a co-working space in 2010. It became a runaway success, attracting tens of millions of users before […]

admin September 24, 2018

Weight Watchers really wants to let you know that it’s not just a diet company — so much so that it’s changing its name to WW. The company announced Monday that the new WW (WTW) name reflects its focus on overall health and wellness, and not just shedding pounds. CEO Mindy Grossman said in a […]

admin September 24, 2018

Michael Kors might be about to snap up Versace. The US handbag maker is close to buying Versace in a deal that values the Italian fashion house at around $2 billion, according to Bloomberg. The deal could be announced as soon as this week. Versace declined to comment. Michael Kors and private equity firm Blackstone, […]

admin September 24, 2018

The gold industry has a new king. Canada’s Barrick Gold (ABX) is buying rival Randgold (GOLD) to create the world’s biggest gold miner, the two companies announced Monday. The combined entity will have a market value of more than $18 billion. Barrick shareholders will end up owning about 67% of the new company. John Thornton, […]

admin September 23, 2018

Retailers are making big hiring plans in anticipation of the holiday shopping rush. Gap (GPS) said on Monday that it was bringing on 65,000 seasonal workers. Target (TGT) announced plans for 120,000 workers last week, 20% more than last year, while Macy’s said it was hiring 80,000, the same number as last year. Delivery and […]

admin September 22, 2018

When most people think about health care, rarely do “discounts” and “low prices” come to mind. But Walmart is looking to change that. The retail behemoth, which markets itself as the leader in “Everyday Low Prices,” is beefing up its presence in the health care sector. It inked a deal last month with Anthem, one […]

admin September 22, 2018

The demise of the credit card is greatly exaggerated. Yes, companies like Square (SQ) and PayPal (PYPL), which owns Venmo, are red hot — especially with millennials. But the stocks of American Express, Visa and MasterCard have all hit record highs in the past week. AmEx (AXP) stock is up more than 10% this year. […]