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Finance

  • Seller of Online Currency May Have Been Victim of Fraud

    Flooz.com, a purveyor of online currency used as electronic giftcertificates, officially ceased operations over the weekend,according to its chief executive, Robert Levitan. It fell victim to asoftening economy and a sour investment atmosphere. But Internetfraud may have sped its demise, a person close to the company said.

  • Amazon takes aim at large-scale buyers

    Amazon.com is looking beyond individual consumers with anew program intended to attract organizations such as libraries, schools andbusinesses.

  • Target Corp. Second Quarter Earnings Rise 5 Percent

    Target Corp. on Tuesday reported earnings per share for the second quarter ended August 4, 2001 of 30 cents, compared with 28 cents in the second quarter ended July 29, 2000.

  • Albertson's Names Industry Veteran Felicia D. Thornton Executive VP and Chief Financial Officer

    Albertson's Inc. announced today that Felicia D. Thornton will join the company as executive vice president and chief financial officer. Thornton, 37, will report directly to Larry Johnston, Albertson's chairman and CEO, and will serve as a member of the company's executive committee.

  • SYSCO Posts 25th Year of Consecutive Sales and Earnings Growth

    SYSCO Corporation, the largest foodservice marketing and distribution organization in North America, today announced diluted earnings per share of $0.88 on sales of $21.8 billion for the fiscal year ended June 30, 2001, marking the 25th year of uninterrupted sales and earnings increases.

  • VoiceFlash Networks and VeriFone to Explore Mobile E-Commerce Solutions

    VoiceFlash Networks Inc. announced today that the company has signed a memorandum of understanding with VeriFone Inc., to explore the viability of cooperating in the development of retail mobile commerce products.

  • Wrigley Earnings Up

    (Reuters) - Wm. Wrigley Jr. Co., the world's largest chewing gum maker, said on Tuesday that second-quarter earnings rose 8.6 percent, as growth in shipments and better margins offset higher marketing costs and pressure from weak European currencies.

  • Chiquita in Q2 Loss

    (Reuters) - Chiquita Brands International Inc., the No. 1 banana producer, on Tuesday reported a second-quarter loss due to weak European currencies, higher production costs and lower canned vegetable prices.
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