Dollar General (DG) made a $9.7 billion bid for rival Family Dollar (FDO). The $78.50 per share cash offer from Dollar General is more than the $74.50 cash-and-stock offer Dollar Tree (DLTR) made for Family Dollar last month. Activist investor Carl Icahn, who has a 9.4% stake in Family Dollar, said earlier this summer that he wants the company to be put up for sale immediately.
A recent survey showed more than a third of Americans have nothing saved for retirement. A Bankrate.com survey of more than 1,000 adults showed 36% of Americans have not started saving for retirement.
Proctor & Gamble (PG) is planning to shed more than half of its brands - about a 100 - that don't bring in much revenue for the giant. The company wants to focus on 70 or 80 brands that bring in most of its revenue and profit. One of the brands that could be sold is Ivory soap, the 135-year-old product known as the soap that floats.
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