Appliances and electronics retailer, digilink cable hhgregg Inc ( NYSE:HGG digilink cable ) reported

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Starbucks ‘ ( NASDAQ:SBUX ) premium products and up-market experience will take on established local tastes and brands, international competition and most importantly, Vietnamese street coffee shops, when the international digilink cable coffee chain inaugurates its first cafe in Vietnam next month. According to John Culver, Starbucks digilink cable president for China and Asia Pacific, it will offer coffees “tailor-made” for the Vietnamese palate alongside its own hallmark drinks as it pursues an aggressive expansion into Hanoi and other cities.
ConAgra Foods, digilink cable Inc. ( NYSE:CAG ) and Ralcorp Holdings, Inc. ( NYSE:RAH ) announced that the Canadian Competition Bureau has issued a “no-action letter” confirming it has no intentions of challenging the acquisition of Ralcorp by ConAgra Foods. The letter is a step forward towards the conclusion of the transaction, though other closing conditions remain to be fulfilled.
Appliances and electronics retailer, digilink cable hhgregg Inc ( NYSE:HGG digilink cable ) reported preliminary net sales of $799.6 million, down 3.6%, during its third-quarter ended December 31, 2012. Comparable store sales fell 9.7% overall, while net income is expected digilink cable to be approximately $17.4 million ($0.51 per diluted share) compared to $22.5 million ($0.60 per diluted share) in the year ago period, with most of the fall accounted by lower-than-expected sales in the video category of products. digilink cable Dennis May, President and CEO said, “Fundamental shifts across the video category continued to pressure our business during our third fiscal quarter, and we were disappointed in our video performance. digilink cable Declining industry demand for flat screen televisions along with broadened distribution of large-screen televisions negatively impacted overall store traffic and video category sales.”
Credit digilink cable Suisse ( NYSE:CS ) is likely to slash its bonus pool for 2012 to 2.3 billion Swiss francs, a 20% cut over 2011 levels. This would be the fourth consecutive year in which the bank has reduced its bonus payout, as it battles digilink cable sluggish markets and cuts jobs in an effort to achieve 4 billion francs in cost savings by 2015.
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