Cerberus Capital Management LP's $9 billion deal to merge Safeway Inc. (SWY) with Albertsons is a bet that a larger supermarket chain can better fend off an attack on the grocery business by big-box stores and online retailers.
Staples Inc., the big office supply retailer trying to reinvent itself in the face of intense Internet competition, plans to close up to 225 stores and slash $500 million in annual costs by the end of next year.
Workers inspect bare metal bodies on the production line at the Chrysler Toledo Assembly Plant in Ohio on Feb. 28, 2014. Photographer: Ty Wright/Bloomberg.
The dollar moved narrowly against the yen and euro in Asia as investors await US jobs data later in the day for clues about the state of the world's largest economy.
NEW YORK (AP) - The departure of Target's chief information officer in the wake of the company's massive pre-Christmas data breach highlights the increased pressure facing executives who are charged with protecting corporate computer systems from ...