Eden Prairie News
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Billionaire Ron Burkle is in talks to buy Tesco Plc’s unprofitable Fresh & Easy chain in the U.S., according to people familiar with the discussions.
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Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said the Fed should do more to spur economic growth and hiring by pledging to hold the main interest rate near zero until unemployment falls to 5.5 percent.
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Supervalu Inc., the grocery-store operator that sold five brands to a private-equity led group last week, plans to eliminate 1,100 jobs as it trims costs amid falling sales.
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Datalink Corp., a provider of data- storage and cloud-computing services, plans to use acquisitions to help double sales to $1 billion within three years, Chief Executive Officer Paul Lidsky said.
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Cerberus Capital Management LP’s pursuit of grocery chain Supervalu Inc. has stalled because the private-equity firm has had trouble obtaining the funds for a leveraged buyout, said people familiar with the matter.
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Supervalu Inc. obtained $2.4 billion in loans to support the purchase of five of its grocery chains by Cerberus Capital Management LP.
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Companies added fewer workers than projected in March, held back by limited hiring in construction, according to a private report based on payrolls.
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Supervalu Inc., the third-largest U.S. grocery chain, set the rate it will pay on $2.4 billion of loans to support the sale of five supermarket chains to a Cerberus Capital Management LP-led investor group.
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A telephone call between a financial adviser in Beverly Hills and a trader in New York was all it took to fleece taxpayers on a water-and-sewer financing deal in West Virginia. The secret conversation was part of a conspiracy stretching across the U.S. by Wall Street banks in the $2.8 trillion municipal bond market.
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Cerberus Capital Management LP is in talks to buy all of Supervalu Inc. to merge the grocery chain’s operations with its Albertsons stores, said three people with knowledge of the matter.
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