Ahold Raises Stake in ICA to 60 Percent
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AMSTERDAM, Netherlands - The global food retailer Ahold NV, which owns the Stop &amp; Shop and Giant chains in the United States, said Monday it will buy a 20 percent stake in Scandinavian grocer ICA AB for 7.35 billion Swedish kronor ($1.
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Men's Wearhouse Inc.  posted  a 60 percent rise in quarterly net income on Wednesday due to  fatter gross profit margins and raised its quarterly dividend  by a penny to 6 cents per share.
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Dutch retailer Ahold said on Thursday  it had agreed to sell its Bruno's and BI-LO retail chains in  the United States to Lone Star Funds for $660 million, which is  slightly below market expectations.
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The global food retailer Ahold NV, which owns the Stop &amp; Shop and Giant chains in the United States, said Monday it will buy a 20 percent stake in Scandinavian grocer ICA AB for 7.35 billion Swedish kronor (&#36;1.03 billion).
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Dutch retailer Ahold said on Thursday it had agreed to sell its Bruno's and BI-LO retail chains in the United States to Lone Star Funds for &#36;660 million, which is slightly below market expectations.
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Data storage tape company will pay $60 million in cash.
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US mutual fund assets grew by 3.6 percent to $7.92 trillion in November, lifted by higher stock prices and a near-doubling of new investments from a month earlier, the Investment Company Institute said in a report.
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Ahold, the Dutch super-market group, took another step along its &quot;road to recovery&quot; on Thursday after the sale of two retail subsidiaries for $660m to a private US equity group.
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AMSTERDAM -- The Dutch supermarket retailer Ahold, seeking to streamline global operations and reduce debt, said yesterday that it will sell its holdings in Spain to Permira Funds, for roughly $849 million.
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Shares of Sears, Roebuck and Co. were  up about 20 percent on Friday after real estate company Vornado  Realty Trust said it raised its stake in the retailer, a step  that could mean Sears plans to convert some of its real estate  assets into cash.
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London Stock Exchange Group Plc forecast  a big rise in third-quarter earnings and pledged to raise its  full-year dividend at least 50 percent as it reiterated its  opposition to a 2.7 billion pound ($5.3 billion) hostile bid  from U.S. rival Nasdaq .
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BlackRock Inc., the largest publicly traded US mutual-fund company, agreed to buy the investment unit of Quellos Group LLC for as much as $1.7 billion, more than doubling its hedge-fund assets.
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Business & money: Shares in Dulux paints owner jump more than 15% on hopes of takeover battle.
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Dutch retailer Ahold has sold its network of about 600 Spanish retail stores to private equity group Permira. The two parties valued the deal at 685m euros ($850m; Â£472m).
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Two of the UK's largest banks will this week boost the financial sector by increasing dividend payments, a report says.
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Europeâs largest oil company reported Thursday that fourth-quarter profit rose 60 percent because of the sale of some assets and higher oil prices.
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Food-service and facilities  management company Aramark Corp.  on Tuesday accepted a  higher $6.3 billion offer to be bought out by a group led by  its current chief executive and several investment funds.