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Sears Holdings’ Shop Your Way Link offers reward points for shopping at partnering retailers

BY Alaric DeArment

HOFFMAN ESTATES, Ill. — Members of Sears Holdings Corp.’s loyalty program can increase their reward points by linking certain credit and debit cards to their accounts, the retailer said Monday.

The company said members of the Sears and Kmart Shop Your Way program could link up to three eligible Visa cards to their account and use it at any number of Reward Partner merchants, such as Burger King, Popeyes, Louisiana Kitchen, Picture People, Public Storage and 1-800-Flowers.com.

"As students and parents head back to school, they are looking for extra savings and more ways to earn rewards," Sears Holdings EVP and president for marketing, online, pricing and financial services Imran Jooma said. "Shop Your Way Link allows our members to earn points on everyday purchases made with popular restaurants, retailers and service providers, and enjoy a more personalized and rewarding shopping experience with Sears and Kmart."

Sears Holdings has also hired Adam Levine and Nicki Minaj on ShopYourWay.com to offer exclusive messages, photos and videos, as well as insider tips and entertainment and lifestyle news.

Cards not eligible for the program include prepaid Visa Buxx, Flexible Spending Account Visa cards, Eletronic Benefits Transfer Visa cards, gift cards and others that are not processed through the Visa U.S.A. payment system.

 

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Amgen to buy Onyx Pharmaceuticals for $10.4 billion

BY Alaric DeArment

THOUSAND OAKS, Calif. — Biotech company Amgen is buying Onyx Pharmaceuticals, the companies said Sunday.

Onyx, based in South San Francisco, Calif., has a portfolio of cancer drugs, including the injected multiple myeloma drug Kyprolis (carfilzomib), as well as Nexavar (sorafenib) tablets, developed with Bayer HealthCare Pharmaceuticals; Stivarga (regorafenib) tablets, developed by Bayer; and palbociclib, developed by Pfizer.

The $10.4 billion deal, a $125 per share tender offer, is expected to close in the fourth quarter. Amgen will acquire global rights to Onyx’s cancer portfolio and pipeline.

"We believe that Amgen is ideally suited to realize the full potential of Onyx’s portfolio and pipeline for the benefit of physicians and patients," Amgen CEO and chairman Robert Bradway said. "Our acquisition of Onyx follows a thorough due-diligence process and is fully consistent with our strategy of advancing innovative medicines that address serious, unmet medical needs."

 

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Giant-Carlisle donates to Second Harvest of the Lehigh Valley as part of 90th-anniversary donation push

BY Alaric DeArment

CARLISLE, Pa. — Giant Food Stores is donating $9,000 to a local food bank to celebrate its 90 years in operation, the supermarket chain said.

Giant said it would expand its "Living Here, Giving Here" community support program by spending 90 days donating to local food banks, in this case to the Second Harvest Food Bank, providing hunger relief throughout the Lehigh Valley. The chain has donated more than $150 million in money and products to charitable causes since 2005.

"Since Giant as founded in 1923, our commitment to being a good neighbor has been unwavering," Giant president Rick Herring said. "We are proud to be a leader in the fight against hunger, raising millions of dollars and donating thousands of pounds of food for hunger relief throughout our 90-year history. No one in the communities we serve should go hungry, and we will continue to support Second Harvest Food Bank of the Lehigh Valley on future efforts to eradicate hunger."

Carlisle, Pa.-based Giant is owned by Ahold USA, which also owns Giant Food of Landover, Md., and Stop & Shop, as well as the Peapod online grocery service.

 

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