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Some companies that were shunned by investors last year—including Best Buy—saw their shares rise the most during the first quarter.
Image Sensing Systems fired two Polish employees who are being investigated for alleged criminal conduct; the company's investigation into the matter, meanwhile, has cost $1.5 million to date.
The deal has been under scrutiny from federal regulators due to antitrust concerns, and Ecolab said that it continues to have “productive discussions” with the U.S. Department of Justice.
Following the sale, Supervalu will have annual sales of about $17 billion; meanwhile, the buyer, an affiliate of Cerberus Capital Management, will become the company’s largest shareholder, with 21.2 percent of outstanding common shares.
The company’s earnings climbed nearly 2 percent while sales increased 8 percent during the third quarter, driven largely by sales in recently acquired businesses.
Jason Michael Meyer admitted to diverting investors’ funds for his personal use through a fraud scheme that resulted in more than $11 million in losses.
The deal will add roughly $57 billion in assets under administration and 1,100 trust and agency contracts to U.S. Bank’s corporate trust division.
The company benefited from higher same-store sales and significantly narrowed its year-over-year loss.
MakeMusic struck a deal to be acquired by venture capital firm LaunchEquity Partners, which has been pursuing a buyout since last summer and already owns nearly a third of the company.
Locally-owned Franklin Bank, Park Midway Bank, and University Bank will merge and be rebranded as Sunrise Banks; meanwhile, San Francisco-based Bank of the West recently closed four Minnesota branches.
Target Field Legends Club - Carew Atrium
June 06, 2013
June 06, 2013
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