14 January, 2015 by The TZ Newswire Staff Comments Off on Two proxy firms back Dollar Tree’s bid for Family Dollar
Two proxy firms back Dollar Tree’s bid for Family Dollar
Institutional Shareholder Services said on Wednesday Dollar Tree’s proposal was in the best interest of shareholders and was more likely to close as it faces fewer antitrust hurdles. The proxy advisory firm had asked Family Dollar’s shareholders in December to oppose Dollar Tree’s $8.5 billion cash-and-stock offer, delay voting on the deal and consider Dollar General Corp’s higher cash offer of $9.1 billion. Dollar Tree has said it would divest as many stores as required to get antitrust approval for the deal, while Dollar General has stuck to its offer to shed up to 1,500 stores.
14 January, 2015 by The TZ Newswire Staff Comments Off on McDonald’s Australian experiment is to look less like McDonald’s
McDonald’s Australian experiment is to look less like McDonald’s
The Corner, a new cafe in Sydney’s trendy inner west, looks a lot like its peers – white frontage, rustic wooden seating, potted plants on the counter, quinoa on the menu and servers wearing hemp aprons. Owner McDonald’s Corp’s (MCD.N) is saying little about the unique cafe and a series of other “learning labs” it is opening in Australia. They include a typical McDonald’s restaurant on the outskirts of Sydney that, in addition to its usual fare, offers “build your own” burgers and table service.
14 January, 2015 by The TZ Newswire Staff Comments Off on McDonald’s Australian experiment is to look less like McDonald’s
McDonald’s Australian experiment is to look less like McDonald’s
The Corner, a new cafe in Sydney’s trendy inner west, looks a lot like its peers – white frontage, rustic wooden seating, potted plants on the counter, quinoa on the menu and servers wearing hemp aprons. Owner McDonald’s Corp’s (MCD.N) is saying little about the unique cafe and a series of other “learning labs” it is opening in Australia. They include a typical McDonald’s restaurant on the outskirts of Sydney that, in addition to its usual fare, offers “build your own” burgers and table service.
14 January, 2015 by The TZ Newswire Staff Comments Off on Exclusive: JPMorgan presses managers to cut costs as profits fall
Exclusive: JPMorgan presses managers to cut costs as profits fall
Senior executives at JPMorgan Chase & Co (JPM.N) are pressuring managers across the bank to cut costs, after disappointing revenue growth has hurt profits, a person familiar with the matter told Reuters on Wednesday. The bank might implement specific expense goals for businesses, the source told Reuters, adding, “Everyone is having to give at the office on this.” JPMorgan said it expects to disclose more about its cost-cutting efforts on Feb. 24, when it hosts its investor day.
14 January, 2015 by The TZ Newswire Staff Comments Off on Exclusive: JPMorgan presses managers to cut costs as profits fall
Exclusive: JPMorgan presses managers to cut costs as profits fall
Senior executives at JPMorgan Chase & Co (JPM.N) are pressuring managers across the bank to cut costs, after disappointing revenue growth has hurt profits, a person familiar with the matter told Reuters on Wednesday. The bank might implement specific expense goals for businesses, the source told Reuters, adding, “Everyone is having to give at the office on this.” JPMorgan said it expects to disclose more about its cost-cutting efforts on Feb. 24, when it hosts its investor day.
14 January, 2015 by The TZ Newswire Staff Comments Off on U.S. retail sales drop biggest in 11 months, but seen as a blip
U.S. retail sales drop biggest in 11 months, but seen as a blip
U.S. retail sales recorded their largest decline in 11 months in December as demand fell almost across the board, tempering expectations for a sharp acceleration in consumer spending in the fourth quarter. …
14 January, 2015 by The TZ Newswire Staff Comments Off on U.S. retail sales drop biggest in 11 months, but seen as a blip
U.S. retail sales drop biggest in 11 months, but seen as a blip
U.S. retail sales recorded their largest decline in 11 months in December as demand fell almost across the board, tempering expectations for a sharp acceleration in consumer spending in the fourth quarter. …