On Air Now

Current Show

The Rush Limbaugh Show   11:00 AM - 2:00 PM

Call The Rush Limbaugh Show at 1-800-282-2882.

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 550 AM Wausau, WI 99.9 FM Stevens Point, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
70° Feels Like: 70°
Wind: WSW 7 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Mostly Sunny 74°

Tonight

Clear 53°

Tomorrow

Mostly Sunny 79°

Alerts

Breaking News

URGENT: Video shows beheading of second American journalist

DUBAI (Reuters) - The Islamic State militant group released a video purporting to show the beheading of U.S. hostage Steven Sotloff, the SITE monitoring service reported on Tuesday. A masked figure in the video also issued a threat against a British hostage, a man the group named as David Haines, and warned governments to back off "this evil alliance of America against the Islamic State", the monitoring service said. (Reporting by William Maclean, Editing by Angus MacSwan)

Read More »

Metro CEO says Kaufhof doing well, still wants to sell: report

Olaf Koch, Chief Executive of Metro AG addresses the annual shareholder meeting in Duesseldorf May 8, 2013. REUTERS/Ina Fassbender
Olaf Koch, Chief Executive of Metro AG addresses the annual shareholder meeting in Duesseldorf May 8, 2013. REUTERS/Ina Fassbender

FRANKFURT (Reuters) - German department store chain Kaufhof is doing well but its owner Metro wants to sell it, the group's chief executive Olaf Koch told WirtschaftsWoche magazine.

"Kaufhof clearly has a better valuation compared to early last year when we were in talks to sell the chain," Koch was quoted as saying. "The company has made some fantastic progress."

Despite the improvement, Koch still intends to sell the chain, he said.

"The department store business cannot be internationalized in the same way as the wholesale or consumer electronics business. Return on investment is substantially lower."

He ruled out a merger with German rival Karstadt, which earlier this month sold a stake in its luxury and sports stores to Austrian investor Rene Benko.

"At the moment we don't seen a reason to look into that option," the Metro executive was quoted as saying.

Metro, the world's No.4 retailer, in early-2012 suspended the sale of its Kaufhof department stores, which at the time were valued at 2-3 billion euros ($2.7-4.1 billion), saying potential buyers were struggling to raise funds.

Businessman Nicolas Berggruen, who rescued Karstadt from insolvency in 2010, has been an advocate of a merger between the two department stores. ($1 = 0.7385 euros)

(Reporting by Harro ten Wolde and Martin Zwiebelberg; Editing by Janet Lawrence)

Comments