If Dollar Tree and Family Dollar complete a merger, stores should improve markedly, which may raise concern for competitors.» Read More
*Company to beat Dollar General as top N. America discount chain. July 28- Dollar Tree Inc agreed to buy rival discount chain Family Dollar Stores Inc for $8.5 billion to fend off growing competition from Wal-Mart Stores Inc and fellow discounter Dollar General Corp..
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. AT&T Inc. rose. 3 percent to $35.65 with 20,239,900 shares traded. Advanced Micro Devices Inc. fell. 8 percent to $3.73 with 29,729,900 shares traded.
NEW YORK— Dollar Tree is buying rival discounter Family Dollar, giving it a wider reach in the intensifying fight for deal-seeking customers. On Monday, Dollar Tree CEO Bob Sasser noted that his company and Family Dollar have different business models.
A list of major retailers are looking to fill vacancies at the top of their C-suites.
July 10- Discount retailer Family Dollar Stores Inc, under pressure from activist investor Carl Icahn to sell itself, said its profit fell by a third as the company cleared inventory ahead of planned store closures and competition intensified.
July 10- Discount retailer Family Dollar Stores Inc, under pressure from activist investor Carl Icahn to sell itself, said its profit fell by a third as the company cleared inventory ahead of store closures and competition intensified.
BENTONVILLE, Arkansas July 7- U.S. employers may be hiring again, but the job market recovery is not giving ordinary consumers enough confidence to increase their spending, a top Wal-Mart executive said on Monday.
Shoppers who discover they've overpaid may have more recourse to get a fair price—or better.
Stocks fell on Friday after a report on consumer confidence.
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June 27- Dollar General Corp said CEO Rick Dreiling will retire next year, throwing into doubt a proposal by Carl Icahn to merge the discount retailer with Family Dollar Stores Inc.. Dollar General's shares fell as much as 8 percent and Family Dollar's as much as 4 percent in morning trading on Friday.
Some of Friday's midday movers:
*Nike rallies after results; DuPont drops as outlook cut. Nike Inc rose 1.6 percent to $78.15 a day after its fourth-quarter earnings beat expectations. However, those gains were offset on the Dow index as DuPont, a fellow component, cut its full-year operating profit outlook, sending shares down 4.3 percent to $64.81.
June 27- Dollar General Corp said Chief Executive Rick Dreiling would retire next year after about seven years at the helm, sending the discount retailer's shares down 7 percent.
*Nike rallies after results; DuPont cuts outlook, shares fall. Nike Inc rose 1.9 percent to $78.34 a day after fourth-quarter earnings beat expectations. However, those gains were offset on the Dow as DuPont, a fellow component, cut its full-year operating profit outlook, sending shares down 2.9 percent to $65.73.
Dollar General's Chairman and CEO Rick Dreiling announced he will retire in 2015. The "Squawk on the Street" crew, discuss available executive jobs in the retail industry.
June 27- Dollar General Corp said Chief Executive Rick Dreiling would retire effective May 30, 2015 or upon the appointment of a successor. Dreiling, 60, has served as the discount retailer's CEO since January 2008.
Some of the names on the move ahead of the open.
June 19- Activist investor Carl Icahn asked struggling retailer Family Dollar Stores Inc to put itself up for sale immediately, threatening a proxy war to replace the company's entire board if a sale process was not started.
Activist investor Carl Icahn said in a letter to firm CEO Howard Levine that "it is imperative that Family Dollar be put up for sale immediately."