Coinstar Inc. says goodbye to one of its executive leaders as it releases its second quarter results for fiscal 2011. Coinstar Inc., a provider in automated retail, has announced a leadership transition for the company’s redbox business, a wholly-owned subsidiary of Coinstar. Mitch Lowe has resigned as president of redbox to pursue entrepreneurial and other [...]
Blackhawk Network, a provider of prepaid and financial payments products offers PayPower, a suite of prepaid products and services designed to help consumers stay in control of spending with simple and safe solutions that provide value, transparency and budgeting. The suite of products is targeted to consumers looking for alternatives to traditional financial credit, whether [...]
The board of directors of Walgreen Co. has authorized a new $1 billion share repurchase program, which will expire at the end of 2012. The board also declared a regular quarterly dividend of 17.5 cents per share, a 27.3% increase over the year-ago dividend. The dividend is payable Dec. 11, 2010, to shareholders of record [...]
The storm has ebbed, but the U.S. economic forecast remains overcast, according toTD Economics. “We don’t expect to see any miracles occurring over the next several months…but the evidence appears to be for the gradual unwind of imbalances and a continued slow pick-up in economic activity-and not another descent into recession,” wrote Deputy Chief Economist [...]
Casey’s General Stores Inc. has officially confirmed that it has entered discussions with 7-Eleven Inc., regarding a potential acquisition. On Sept. 2, 2010, Casey’s received an unsolicited preliminary proposal from 7-Eleven regarding a consensual transaction at $40 per share in cash. As disclosed in Casey’s Schedule 14D-9 filed with the Securities and Exchange Commission on [...]
YoCream International Inc., a manufacturer and wholesaler of frozen desserts and beverages, has reported its financial results for the third quarter ended July 31, 2010. Sales for the three months ended July 31, 2010 increased 15.6% to $18,445,000. Sales for the nine months increased 12.1% to $41,721,000. Net income increased 25% to $2,141,000 for the [...]
BP is selling its upstream assets in the U.S., Canada and Egypt to Apache Corp., outlined in a number of agreements this week. The deals together total $7 billion, and comprise BP’s Permian Basin assets in Texas and south-east New Mexico in the U.S.; its Western Canadian upstream gas assets; and the Western Desert business [...]