Big Lots says profit climbs on sale of distribution center as comparable-store sales ease

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Big Lots says profit climbs on sale of distribution center as comparable-store sales ease

Close-out retailer Big Lots BIG, -3.72% said it swung to a third-quarter ending Nov. 2 net profit of $127 million, or $3.25 a share, as sales edged up 1.6% to $1.17 billion and comparable-store sales slipped 0.1%. Excluding gains including the sale of a …
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Canadian Imperial (CM) Down on Lower Q4 Earnings, Costs Rise

Shares of Canadian Imperial Bank of Commerce CM declined 5% on the NYSE following the release of fourth-quarter fiscal 2019 (ended Oct 31) results. The bank’s adjusted earnings per share were C$2.84, down 5% from the year-ago quarter. Results were …
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3i Infrastructure sells $250 mln in British assets, eyes European sale

By Carolyn Cohn and Shanima A. Dec 6 (Reuters) – Investment firm 3i Infrastructure 3IN.Lsaid on Friday it would sell its projects portfolio in Britain to a range of buyers, including funds managed by Dalmore, Semperian and Innisfree for about 194 million …
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Potato prices rising in the wake of poor harvests

Cold, wet fall weather in the western North America this fall is already driving up the price of fresh potatoes. Manitoba and Alberta had difficult harvests. In Idaho winter arrived suddenly with a blizzard on Oct. 8, and farmers could not harvest about 20 per cent …
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Aston Martin Shares Jump Another 3% After Unconfirmed Bid Reports

Aston Martin shares added another 3% Friday, after a huge 20% jump yesterday following unconfirmed reports Canadian billionaire and Formula 1 team owner Lawrence Stroll wants to take control of the storied British luxury sports maker. By midday Friday …
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