"Target sold 62 stores, three distribution centers and $600 million in credit card receivables to May Department Stores for $3.2 billion. It simultaneously announced a plan to buy back up to $3 billion of stock over the next three years.
Target shares jumped $2.25, or 4.9%, to $47.88 in after-hours trading after closing the regular session down 57 cents, or 1.2%, at $45.63. Target, which also sold nine Mervyns in Minnesota that it expects to close, will record a gain of about $1 billion, or $1 a share, on the May transaction. About 780 jobs will be lost in the Mervyn's deal." http://www.thestreet.com/markets/meredithderby/10165390.html Question by Vicky Heller North Oaks and Cedar-Riverside REMINDERS: 1. Think a member has violated the rules? Email the list manager at [EMAIL PROTECTED] before continuing it on the list. 2. Don't feed the troll! Ignore obvious flame-bait. For state and national discussions see: http://e-democracy.org/discuss.html For external forums, see: http://e-democracy.org/mninteract ________________________________ Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[EMAIL PROTECTED] Subscribe, Un-subscribe, etc. at: http://e-democracy.org/mpls
