Lowe’s moves higher after reports that it could triple in value (LOW)

Shares of Lowe’s jumped after news that an activist investor that recently bought a stake in the company sees the company as worth triple its value. Activist investor D.E. Shaw believes the home retailer can measure up to its rival Home Depot if it makes the right changes, anonymous sources told Bloomberg. The company has paled in comparison to Home Depot in terms of revenue, earnings, and costs despite close similarities between the two companies, according to reports. D.E. Shaw maintains the company’s focus should be on improving sales, especially its online offerings and marketing. Lowe’s announced on Friday that it will add three new directors to its board. Though… Read More

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There have been 17 government shutdowns in modern US history — here’s how they went down

The deadline to avoid a government shutdown is fast approaching. The federal government has entered a shutdown 17 times since the modern budgeting process began. Most of those times the shutdown has been short and not involved employees being sent home, but that has changed in recent shutdowns. With the Senate at an impasse and the Friday-night deadline looming, the odds of a partial shutdown of the federal government are growing by the minute. If the federal government does enter a shutdown, it will be the 18th since the Budget Act of 1974 brought in the modern funding process. Most of these shutdown weren’t severe, with 10 of the 17… Read More

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‘Subway is dying’: Battles at HQ are killing the world’s largest fast-food chain — and many franchisees are turning against the CEO

Subway’s public-relations crises and inability to keep up with trends are merely the tip of the iceberg of the company’s problems. Franchisees say executives have been slow to innovate and have made decisions that are killing business.Divisions are present in the company’s headquarters, as seen with the ouster of the head of US marketing. Three franchisees told Business Insider they thought the chain needed to replace top executives, including CEO Suzanne Greco, the younger sister of the chain’s cofounder Fred DeLuca. Subway is in crisis. The search for a turnaroundTrouble at the topDysfunction that has turned ‘flat-out evil’Too big to surviveConflicting interests’Subway is dying’… …read more Source:: AOL.com

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