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.
Initial claims returned to a more normal level, consistent with healthy labor market conditions, said Yelena Shulyatyeva. Tweet This.
... �. * Yen weakens as risk sentiment improves. * Euro firm after ECB stands pat. * Eyes on U.S. jobs report, 149,000 increase expected.
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 ...