The Canadian Press – LAVAL, Qc – Alimentation Couche-Tard Inc. (TSX:ATD.B), Canada’s largest convenience store operator, has extended its hostile bid to acquire U.S.-based Casey’s General Stores Inc. (Nasdaq:CASY) till Sept. 30 after getting only 1.1 per cent of Casey’s stock tendered to its offer, which expired at the close of business Monday.

AFP – MOSCOW (AFP) – Russia’s gross domestic product (GDP) grew by 4.0 percent in the first half of 2010 from output in the same period last year, the state statistics office said on Tuesday, citing preliminary data.

Reuters – TORONTO (Reuters) – Canada’s currency was mildly weaker against the U.S. dollar, while bond prices held firm, ahead of second-quarter economic growth figures on Tuesday.

Saks shares have spiked on takeover speculation. Reports say a private equity consortium with U.S. and U.K. players is interested in buying the retailer and could offer some $1.7 billion for it.

Continue reading Saks Shares Soar on Takeover Rumors

Saks Shares Soar on Takeover Rumors originally appeared on DailyFinance on Tue, 31 Aug 2010 09:48:00.

Filed Under: Investing, Saks, Retail, Stocks in the News

Consumers are being warned to exercise extreme caution in dealing with companies that offer to reduce credit card debts. Many of those companies will go out of business soon following a change in FTC rules — and take millions in fees with them.

Continue reading Consumers Face Huge Losses With Debt Settlement Firms

Consumers Face Huge Losses With Debt Settlement Firms originally appeared on DailyFinance on Tue, 31 Aug 2010 09:30:00.

Filed Under: Economy, Credit

Auto sales braked sharply in August, starting out strong, then slowing to a level that may be the lowest in 28 years. The weak economy made nervous consumers hesitant to buy, despite the bevy of end-of-model-year deals.

Continue reading August Auto Sales Could Be the Worst in Nearly Three Decades

August Auto Sales Could Be the Worst in Nearly Three Decades originally appeared on DailyFinance on Tue, 31 Aug 2010 09:15:00.

Filed Under: Company News, Economy, Earnings, Honda Motor Co, Ford Motor Co, Toyota, General Motors, Autos, Retail