U.S. stocks once again end the day down for the second straight day. After 943,000 signed up for health care in February, the total number of American’s that have signed up for private health care is above 4.2 million. While the overall number of people enrolling on a monthly basis dropped from January to February, there is an increase in the percentage of younger people who are now enrolled in private health care. It is finally official, Men’s Warehouse (MW) will purchase Jos. A. Bank (JOSB) in a $1.8 billion cash deal. Black & Decker’s (SWK) Chairman, Nolan Archibald, received $84M last year as he is now entering retirement. Archibald served as CEO of the company from 1986-2010, becoming executive chair after stepping down as CEO. Many believe that this amount is a little extreme, even in comparison to many other executive compensation plans.
Word on the Street
- Target (TGT) experiences a drop in customers since breach.
- Black & Decker’s (SWK) Chairman received $84M last year.
- Chobani denies that they have an IPO in the works.
- Should fuel stocks be thanking Walmart (WMT)?
- Twitter’s (TWTR) site was down for nearly an hour.
- General Motors (GM) may not face a legal liability for recall deaths.
- Chiquita Brands (CQB) to acquire Fyffes.