December 14, 2010

Bankrupt grocer A&P has announced that the U.S. Bankruptcy Court for the Southern District of New York has approved the $800 million debtor-in-possession financing provided by JPMorgan Chase. Of the total DIP facility, a $350 million term loan immediately has been made available.

December 14, 2010

GlaxoSmithKline on Monday announced its acquisition from Darwin Private Equity of Maxinutrition, a U.K. company that manufactures protein-enhanced functional nutrition products.

December 14, 2010

L'Oréal USA is extending its coverage of American hair salons by acquiring the professional distribution business of Peel's Salon Services, a Nebraska-based company.

December 14, 2010

Matrixx Initiatives on Tuesday announced that it has entered into a definitive merger agreement to be acquired by affiliates of private equity firm H.I.G. Capital.

December 14, 2010

With just days left before the holiday shopping season draws to a close, the National Retail Federation has increased its forecast as the economic environment gives way to increased consumer spending.

December 13, 2010

Battling hefty debt and intense competition, grocer A&P filed for bankruptcy on Sunday and has secured $800 million in debtor-in-possession financing to keep the 395-store chain open and operational during the proceedings.

December 13, 2010

Biotech company Genzyme still is saying “no thanks” to French drug maker Sanofi-Aventis’ tender offer of $18.5 billion, or $69 per share, to acquire it, saying the offer “substantially undervalues” the company.

December 10, 2010

PepsiCo has upped its investment in O.N.E., a coconut water company.

December 10, 2010

Sunny Delight is refocusing its North American business with the acquisition of a manufacturing plant owned by the J.M. Smucker Co., and is updating all five of its North American manufacturing facilities and data systems.

December 9, 2010

Helen of Troy on Thursday announced that it has entered into a definitive merger agreement to acquire the business of Kaz for $260 million in cash, subject to certain closing working capital and other adjustments.

December 9, 2010

Supervalu on Wednesday announced that it has entered into a stock purchase agreement for the sale of Total Logistic Control to Ryder Integrated Logistics.

December 8, 2010

Mass merchandiser Costco had global sales of $18.82 billion during first quarter fiscal 2011, which ended Nov. 21, according to a regulatory filing Wednesday.

December 8, 2010

Johnson & Johnson made its courtship with Dutch biotech company Crucell official by acquiring all of the company for $2.3 billion, the two companies said Wednesday.

December 8, 2010

Safeway's board of directors declared a regular quarterly cash dividend of 12 cents per share. The cash dividend will be payable on Jan. 13, 2011, to stockholders of record at the close of business on Dec. 23.

December 7, 2010

BENTONVILLE, Ark. — Walmart stores have regained a familiar feeling this holiday season, and if senior executives are right, the increased promotional intensity will halt six consecutive quarters of declining same-store sales and put the company on the right track for 2011.


December 6, 2010

Dollar General reported that its third quarter net income was $128 million, or diluted earnings per share of 37 cents.

December 6, 2010

Sara Lee announced on Monday that it has completed the sale of its global body care and European detergents businesses to Unilever for 1.21 billion euro ($1.6 billion).

December 3, 2010

Pharmacy benefit manager SXC Health Solutions will acquire Birmingham, Ala.-based specialty pharmacy provider MedfusionRx for $100 million, SXC said Thursday.

December 3, 2010

Walgreens saw a rise in sales across the board for the month of November and fiscal first quarter 2011, the drug store chain said Friday.

December 2, 2010

Kroger's third-quarter revenue, including fuel, leaped 5.9% to $18.7 billion, the supermarket giant reported Thursday ...

December 2, 2010

Merck announced on Thursday it has inked a deal to acquire an insulin maker.

December 2, 2010

Rite Aid on Thursday posted sales of $6.2 billion, down 2.3%, for its third quarter ended Nov. 27. Same-store sales for the period declined 1.3%, representing flat front-end sales and a pharmacy comparable sales decline of 1.9% ...

December 2, 2010

Same-store sales surged 5.5% at Target during November, exceeding the company’s guidance and analysts’ expectations for a low-single digit gain.

December 1, 2010

Endo Pharmaceuticals has finished its acquisition of Qualitest Pharmaceuticals for $1.2 billion, Endo said Wednesday.