Fred’s adopts ‘poison pill’ plan

Fred’s adopts ‘poison pill’ plan

MEMPHIS, Tenn. — Fred’s Inc. has adopted a shareholder rights plan, also known as a “poison pill,” after a hedge fund recently became the company’s single largest shareholder. Fred’s said Tuesday its board instituted the shareholder rights plan after observing “unusual and substantial activity in the company’s shares.” The discount and pharmacy retailer noted that

Retail sales remain anemic in October

WASHINGTON – Retail sales increased 0.1% in October after being unchanged in September and August, the Commerce Department said. So-called core retail sales rose 0.2% last month after increasing 0.1% in September, the government noted. Core sales exclude automobiles, gasoline, building materials and food, and therefore correspond more closely to the consumer spending component of