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Dollar General Corp

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  • Dog days of August could bring surprise for stocks Friday, 22 Aug 2014 | 6:39 PM ET
    Traders work on the floor of the New York Stock Exchange in New York.

    Geopolitical headlines could rattle markets in the week ahead as focus shifts away from the Fed.

  • Business Highlights Thursday, 21 Aug 2014 | 6:01 PM ET

    Bank of America settlement likely to benefit few. WASHINGTON— Bank of America's record $16.65 billion settlement for its role in selling shoddy mortgage bonds— $7 billion of it geared for consumer relief— offers a glint of hope for desperate homeowners. NEW YORK— To win the hearts of frequent business travelers, United Airlines is going through their stomachs.

  • *Family Dollar rejects Dollar General's buyout offer. *Jackson Hole conference of central bankers to begin. Federal Reserve Chair Janet Yellen is scheduled to speak at the Jackson Hole conference on Friday.

  • Aug 21- Family Dollar Stores Inc rejected a $9 billion buyout offer from Dollar General Corp and issued a sharp rebuke to accusations its CEO favors a smaller bid from Dollar Tree Inc because it would allow him to keep his job.

  • *Family Dollar rejects Dollar General buyout offer. NEW YORK, Aug 21- U.S. stocks inched higher on Thursday and the S&P notched a record high as a flurry of data pointed to steady improvement in the economy and investors awaited the start of a meeting of top central bankers and economists in Jackson Hole, Wyoming.

  • *Family Dollar rejects Dollar General buyout offer. NEW YORK, Aug 21- U.S. stocks were set for a slightly higher open on Thursday, after jobless claims data pointed to continued improvement in the labor market and before the start of a meeting of top central bankers and economists in Jackson Hole, Wyoming.

  • Aug 21- Family Dollar Stores Inc rejected Dollar General Corp's $8.95 billion acquisition offer, citing antitrust concerns, and reaffirmed its support for a buyout offer from Dollar Tree Inc..

  • Dollar tree profit falls, despite jump in revenue Thursday, 21 Aug 2014 | 8:26 AM ET
    A Dollar Tree store, July 28, 2014 in Miami, Florida.

    Dollar Tree reported a 2.6 percent fall in quarterly profit as costs increased.

  • Family Dollar rejects Dollar General offer Thursday, 21 Aug 2014 | 8:22 AM ET

    Family Dollar has rejected a takeover bid from dollar-store competitor Dollar General, saying it would be too hard for the deal to pass antitrust regulators.

  • Aug 21- Family Dollar Stores Inc rejected Dollar General Corp's acquisition offer, citing antitrust concerns, and reaffirmed its support for a buyout offer from Dollar Tree Inc..

  • Dollar Tree 2Q profit falls 2 percent Thursday, 21 Aug 2014 | 7:50 AM ET

    RICHMOND, Va.— Dollar Tree Inc. said Thursday its second-quarter profit fell more than 2 percent on costs related to its planned acquisition of rival discounter Family Dollar even though shoppers spent more at its discount stores.

  • Dollar tree profit falls 2.6 pct Thursday, 21 Aug 2014 | 7:49 AM ET

    Aug 21- Dollar Tree Inc reported a 2.6 percent fall in quarterly profit as costs increased. Net income fell to $121.5 million, or 59 cents per share, in the second quarter ended Aug. 2 from $124.7 million, or $1.25 per share, a year earlier. Dollar Tree, which operates the Dollar Tree, Deal$ and Dollar Bills stores, agreed to buy Family Dollar Stores Inc in July.

  • Asian stocks higher after S&P 500 record close Thursday, 21 Aug 2014 | 4:34 AM ET

    Hewlett-Packard rose after delivering better results, while Sears plunged after reporting that its loss doubled from a year ago. Hewlett-Packard was the biggest gainer among the major indexes. The technology giant rose $1.88, or 5.4 percent, to $37.00 after reporting better-than-expected results and its first sales increase in nearly three years.

  • Icahn reveals 8.5% stake in Hertz Thursday, 21 Aug 2014 | 2:16 AM ET

    Billionaire investor Carl Icahn revealed he owns an 8.5 percent stake in Hertz and plans to pressure the rental car company's management.

  • Aug 21- Dollar General Corp questioned whether Family Dollar Stores Inc Chief Executive Howard Levine was being driven by self-interest in his support of a proposed takeover of his company by Dollar Tree Inc..

  • Aug 20- Dollar General Corp said it had expressed an interest in merging with Family Dollar Stores Inc as early as June this year, but did not go ahead with an offer at that time as Family Dollar chief executive gave no indication that the company was in talks with Dollar Tree Inc.

  • Last year Hertz adopted a so-called poison pill to prevent any one shareholder from gaining control of the company as activist investors began circling.

  • Icahn reveals stake in Hertz, plans to push management Wednesday, 20 Aug 2014 | 5:04 PM ET

    BOSTON, Aug 20- Billionaire investor Carl Icahn said on Wednesday that he owns an 8.5 percent stake in Hertz Global Holdings Inc and plans to pressure the rental car company's management over accounting issues and operational failures.

  • Icahn has pushed Family Dollar to sell itself to Dollar General and has been openly critical of Family Dollar Chief Executive Howard Levine, who would have retained his position after an acquisition by Dollar Tree.

  • Icahn: Family Dollar board had duty to shareholders Tuesday, 19 Aug 2014 | 1:34 PM ET
    Carl Icahn

    Family Dollar wouldn't have been acquired without his prodding, activist investor Carl Icahn says.