Stock futures rise after six weeks of S&P losses
(Reuters) – Stock index futures edged higher on Monday after six weeks of declines for the S&P 500 left equities at more attractive levels. The S&P 500 has tumbled nearly 7 percent on the back of a barrage of soft economic data after closing at its highest closing level in nearly three years on April […]
Wendy's/Arby's agrees to sell most of Arby's to Roark Capital
DOW JONES NEWSWIRES − Wendy’s/Arby’s Group Inc. agreed to sell most of its struggling Arby’s chain for $130 million in cash to a group led by private-equity firm Roark Capital Group in a deal that leaves it with an 18.5% ownership stake in the fast-food restaurant. Wendy’s/Arby’s turnaround efforts at Arby’s have helped improve sales, […]
Wrangler parent VF to buy Timberland for $2 billion
NEW YORK − (Reuters) – VF Corp, owner of clothing brands such as The North Face and Wrangler jeans, said it would buy shoemaker Timberland Co for $2 billion to boost its outdoor and action sports business. The deal values Timberland at $43 a share, a 43 percent premium to Friday’s closing price of $29.99 […]
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