Some argue that lifting the oil-export ban would help the US economy but here's the problem, says political consultant Stephen Myrow.» Read More
Sept 15- Struggling electronics retailer RadioShack Corp, which is teetering on the brink of bankruptcy, said John Feray resigned as chief financial officer last week. Advisory firm AlixPartners has been helping RadioShack with its turnaround since July 2013.
BOSTON, Sept 11- Some Dollar Tree Inc investors are crossing their fingers the company doesn't succeed in its $8.5 billion takeover of Family Dollar Stores Inc, saying it could expand and repurchase stock with the $305 million breakup fee while avoiding all the risk of a major acquisition.
Sept 10- Dollar General Corp took its $9.1 billion offer for Family Dollar Stores Inc hostile, directly approaching the shareholders of its smaller rival after being spurned twice by the company.
CNBC's David Faber reports Dollar General has gone hostile in its bid for Family Dollar. Faber says Family Dollar is proceeding with its plans to be bought by Dollar Tree in a deal for less than what Dollar General is offering.
Dollar General took its $9.1 billion offer for Family Dollar Stores hostile, directly approaching the shareholders of its smaller rival.
Some of the names on the move ahead of the open.
NEW YORK, Sept 10- U.S. stock index futures were a touch higher on Wednesday, suggesting investors found few reasons to jump back into the market even after a recent string of weakness. *The S&P 500 fell sharply on Tuesday, closing under its 14- day moving average for the first time since Aug. 12, a cautious signal for short-term momentum.
Sept 10- Dollar General Corp said it would take its $9.1 billion offer directly to shareholders of Family Dollar Stores Inc, after being spurned twice by its smaller rival. The company said it had started a tender offer to buy all shares of Family Dollar for $80 per share. Reuters reported on Tuesday that Dollar General would go hostile with its offer.
DOLLAR GENERAL'S TENDER OFFER FOR FAMILY DOLLAR SHARES COULD COME AS SOON AS WEDNESDAY- SOURCES.
*Payrolls data weaker than expected. NEW YORK, Sept 5- U.S. stocks ended higher on Friday, lifting the S&P 500 to a fresh closing high, after a weaker-than-expected jobs report was taken as a sign that the Federal Reserve will not begin raising interest rates anytime soon.
Sept 5- Family Dollar Stores Inc rejected Dollar General Corp's sweetened takeover bid, saying the offer still did not address antitrust concerns, raising the prospect that the No. 1 U.S. deep discount chain will go "hostile" with its offer.
Some of Friday's midday movers:
CNBC's David Faber reports Family Dollar has rejected Dollar General's revised buyout bid over antitrust issues.
Sept 5- Family Dollar Stores Inc rejected Dollar General Corp's $9.1 billion sweetened takeover offer, saying the offer did not address antitrust concerns and was unlikely to be approved.
Sept 5- Family Dollar Stores Inc rejected Dollar General Corp's $9.1 billion sweetened takeover offer, saying it was not reasonably likely to be completed on the terms proposed.
NEW YORK, Sept 5- Dollar General Corp's sweetened $9.1 billion proposal to buy Family Dollar Stores Inc may fall short of allaying its smaller rival's fears U.S. antitrust regulators will block the deal, according to two sources familiar with the matter.
Once seen as symbols of the American dream, today's wealthy political candidates are trying desperately to deny their wealth to win over voters.
NEW YORK, Sept 3- Billionaire investor Carl Icahn has sold his entire stake in Family Dollar Stores Inc, making a profit of about $200 million on the investment, according to sources familiar with the matter on Wednesday. Dollar Tree Inc agreed in July to buy Family Dollar for $8.5 billion.
*Dollar General raises Family Dollar bid. *Digital Ally shares extend rally. The S&P energy index fell 1.3 percent as the prospect of slowing demand for oil in China and Europe and concerns about an oversupply of oil brought Brent crude oil futures to their lowest price since May 31, 2013.
Stocks mostly fell on Tuesday after the S&P 500 hit another intraday record, as energy companies dropped with the price of oil.