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S&P affirms Wells Fargo Home Equity Servicer Ranking

Standard & Poor's Ratings Services today affirmed its ABOVE AVERAGE ranking on Wells Fargo Home Equity (WFHE) as a residential mortgage subordinate-lien servicer. The outlook is stable.

H&M Confirms Reports Of New Store Chain Launch By 2013

Stockholm-based Hennes & Mauritz (H&M) has confirmed the launch of a new chain store by 2013 after posting a 13 percent rise in sales during the period Dec.1 and Feb. 29, 2012.

Best Buy Closing : Will Shut Down 50 Stores, Cut 400 Corporate Jobs; What Next?

Best Buy Co Inc announced Thursday that due to a mulish slither in sales at its US stores, the company decided to close 50 big box stores and cut as much as 400 jobs at its corporate headquarters in Richfield, Minnesota.