Target names Kroger veteran Jeff Burt new grocery chief
(Reuters) – Target Corp on Monday named Kroger Co veteran Jeff Burt its senior vice president of grocery, fresh food and beverage, as the retailer makes a renewed push to overhaul the business amid an intensifying price war.
Trading in Sprouts Farmers Market ahead of report on merger raises eyebrows
NEW YORK (Reuters) – Trading in Sprouts Farmers Market Inc’s shares and options surged last week ahead of a report that the natural-foods retailer was the subject of merger talks, raising questions about whether news of a possible deal was leaked.
Credit card applications drop at Wells Fargo in February
NEW YORK (Reuters) – Wells Fargo & Co saw a drop in consumers opening checking and credit card accounts in February, the bank said on Monday, marking the sixth straight month of decline since a sales scandal rocked the bank last year.
After strategy shifts, Deutsche Bank taps investors again
FRANKFURT (Reuters) – Deutsche Bank announced details of its latest bid for cash on Sunday, as it turned for the fourth time to investors, many of whom have privately expressed exasperation with its strategic shifts and heavy losses in recent years.
Snap snaps back after analyst assigns first ‘buy’ rating
SAN FRANCISCO (Reuters) – Snap Inc stock rose on Monday after the Snapchat owner received its first “buy” rating from a Wall Street analyst following a $3.4 billion public listing this month that raised the eyebrows of many on Wall Street.
Adidas takes the sweat out of sweater shopping with in-store machine
BERLIN (Reuters) – Adidas has been testing a store where shoppers can design a sweater, have a body scan to determine fit and get it knitted by a state-of-the-art machine within hours, as the German company looks at ways to respond more quickly to cust…
MoneyGram board says Euronet offer could result in superior proposal
(Reuters) – U.S. electronic payments company MoneyGram International Inc said on Monday that peer Euronet Worldwide Inc’s offer could result in a superior proposal compared to the one from China’s Ant Financial Services Group.
VW clan aims for quick deal over Ferdinand Piech’s shares: source
HAMBURG (Reuters) – The Porsche and Piech families are looking to strike a swift deal to buy shares in Porsche SE from Volkswagen’s former chairman Ferdinand Piech, a person familiar with the matter said on Monday.
Fed on track to raise U.S. rates twice more this year: Evans
NEW YORK (Reuters) – The Federal Reserve is on track to raise interest rates twice more this year after a policy tightening last week, and it could be more or less aggressive depending on inflation and fiscal policies from the Trump administration, a F…
Exclusive: Venezuela taps small banks to handle dollar deals
CARACAS/MEXICO CITY (Reuters) – Venezuela’s government is using little-known banks, including a small Puerto Rican lender, as intermediaries for some international trade operations after Citigroup last year stopped providing such services, according t…
