Content about Company Force Majeure

August 28, 2012

As tropical storm Isaac barrels down on the Gulf Coast area, CVS/pharmacy has announced that, while complying with any mandatory evacuation order given by local officials, it is keeping its stores in affected areas open for as long as possible and stocking them with such storm preparedness items as water, batteries, flashlights and other products to help in an emergency.

January 24, 2011

Activist investor and hedge fund executive Bill Ackman has accomplished at J.C. Penney what he was unable to do at Target. He secured a seat on the department store retailer’s board after purchasing a bunch of shares and will now be able to push for strategies to increase shareholder value. Joining Ackman on the J.C. Penney board is another large shareholder, Steven Roth, chairman of Vornado Realty Trust. Both men joined the company as it announced plans to close five stores, wind down its catalog business, realign call center operations and reorganize a custom decorating business.

August 8, 2010

La-Z-Boy president and CEO, Kurt Darrow, has commented on business trends in anticipation of meeting...

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