As things return to normal after the holiday-shortened week, Black Friday sales are looking good so far, France's finance minister wants to booy ArcelorMittal and Flowers Foods could buy some of Hostess's assets.
Early returns from Black Friday, which actually started on Thursday this year, suggest a solid start to the holiday shopping season. It remains to be seen whether sales over the long weekend are a sign that the holiday season will be a good one for retailers, or if consumers are just spending their money early this year.
The finance minister of France says he wants ArcelorMittal (MT) out of the country. Arnaud Montebourg said the company's “lies since 2006 are overwhelming.” The comments may stem from the company decision to close furnaces at its plant in Florange.
The bread maker is considered to be a likely bidder for some of the assets of Hostess, which is liquidating after a long bankruptcy process where it was ultimately unable to reach a deal with its unions. Flowers (FLO) is the second-largest baker in the U.S.
Tupelo, Miss.-based BancorpSouth (BXS) named James Rollins III as the successor to CEO Aubrey Patterson, who announced plans to retire in May. Rollins had been president and COO of Prosperity Bancshares (PB).
The trading company, which was hit hard by a software glitch that caused millions in trading losses earlier this year is reportedly in talks to sell the market-making business that led to the problem. The unit was responsible for $705 million of Knight's (KCG) $1.22 billion in total revenue in 2011.
The company's ongoing patent battle with Samsung rages on after Apple (AAPL) added a number of new Samsung products to the list of items its patent infringement suit. That comes on the heels of a court ordering Apple too share the details of its patent-sharing deal with HTC.