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Target Earnings Climb 12 Percent in Q1
MINNEAPOLIS -- First-quarter profits at Target Corp. here rose 12 percent on increased revenue from its stores and credit program. The fast-growing discounter posted earnings of $554 million, or 63 cents per share, in the first quarter of 2006 vs. earnings of $494 million, or 55 cents a share, in the same period last year. -
Marsh, Sun Cap Ink Buyout Pact
INDIANOPOLIS -- Nearly six months after revealing it was exploring strategic alternatives that included a sale, the exploring seems to be officially over for Marsh Supermarkets, Inc. here. The regional retailer said yesterday signed an agreement for an $11.125 per share cash takeover by an affiliate of Sun Capital Partners Inc.