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Replacements, Ltd. Continues Climb in Rankings Among Top 500 U.S. Internet Retailers
At a time when many businesses are fighting for their share of shrinking American retail sales, Replacements, Ltd. via Business Wire
Toro promotes new stand-on mower with name contest
As The Toro Company puts the finishing touches on its new stand-on mower set for release this fall, there's one key component that's still missing the mower's name. via Landscape Management
Discover cleared to buy Diners Club
Discover Financial Services, the credit-card company whose market value has shrunk by a third since last June amid credit woes, received U.S. antitrust clearance to buy Citigroup Inc.'s Diners Club ... via Daily Herald
700 possible victims named in nationwide $250 million coupon fraud case
An additional 700 potential victims nationwide, ranging from food companies to newspapers, have been named in a massive fraud scheme involving the nation's largest coupon company. via Post-Bulletin
MDA says Q1 profit rose 23 per cent; strong C$ cuts into revenues
"A higher level of sales activity this quarter was offset by foreign exchange translation adjustments" - MacDonald Dettwiler and Associates Ltd. (TSX:MDA), which had the sale of its space division to a U.S. defence contractor officially blocked by Ottawa last week, said profit in the first quarter rose 23 per cent, but revenues fell due to the appreciation of the loonie. Vancouver-based MDA reported first-quarter earnings of $26 million or 64 cents per share on revenues of $290 million for the quarter ended March 31. That compared to profit of $21 million or 49 cents per share on revenues of $306 million for the first quarter of 2007. Read more
Leon's same-store sales sag in Q1; sales bulk up on Appliance Canada purchase
"Going forward we need to renew our emphasis on reducing expenses and improving store efficiencies" - Leon's Furniture Ltd. (TSX:LNF) increased its first-quarter sales by nine per cent over a year earlier to $196.4 million, raising its net income narrowly by 2.5 per cent to $11.1 million. Leon's, with 35 corporate and 29 franchise furniture and appliance stores across Canada, said Monday the top-line increase came from the Jan. 1 acquisition of Appliance Canada, while overall "we experienced slower sales across the country with same-store corporate sales being down by 1.3 per cent compared to the prior year." Franchise sales edged up two per cent. Read more
Emory Grads To Hear Home Depot Founder
Home Depot co-founder Bernie Marcus will deliver the graduation speech during Emory University's commencement. via WSB-TV
08:12 Qualceram sees first-half sales falling 30% as building drops...
Qualceram Shires Plc , an Irish maker of ceramic bathroom sinks and toilets, said first-half sales will probably decline by 30 percent as Irish homebuilding slumps. via Irish Independent
Movers roundup: AMD, Legg Mason
Shares of Legg Mason Inc. fell Tuesday after the investment manager said it lost more than $250 million in the fiscal fourth quarter as it set aside millions for possible bailouts of funds rattled by shaky ... via Boston Globe
CIT Provides Line of Credit to CHF Industries
"Through their understanding of our business and their experience with the retail supply chain, CIT has been able to make sure our financing needs are consistently met." Comtex NEW YORK, May 07, 2008 ----CIT Group Inc. , a leading global commercial finance company, today announced that it has provided a $50 million revolving line of credit to CHF Industries, a leading ... via Fox News
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