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Stock Market & Financial Investment News

News Breaks
May 13, 2014
09:39 EDTAAN, HOTAaron's reaches agreement with Vintage Capital Management
Aaron's (AAN) announced that it has reached an agreement with Vintage Capital Management, the company's second largest shareholder. Pursuant to the agreement, Aaron's will expand the size of its board from eight to ten directors. Brian Kahn, Managing Member of Vintage, has been appointed to the board, effective May 20, and included in the company's slate of director nominees for election at the 2014 Annual Meeting of Shareholders. In addition, within 30 days following the 2014 Annual Meeting, Matthew Avril, former President of the Hotel Group of Starwood Hotel (HOT) will be appointed to the board. Under the terms of the agreement, Vintage has agreed to vote its shares in support of all of the board's director nominees at the 2014 Annual Meeting. In addition, the board has formed a new Operational and Financial Advisory Committee that will provide input on matters related to Aaron's core business. The founding members of the Committee will be Ray Robinson, Ron Allen and Brian Kahn. Aaron's will also continue to review its corporate governance practices as well as work to explore opportunities, as appropriate, to reduce its operating expenses.
News For AAN;HOT From The Last 14 Days
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February 25, 2015
05:12 EDTHOTStarwood and Uber announce global partnership
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February 24, 2015
11:19 EDTHOTStarwood announces debut of Aloft and Element brands in Dubai in 2018
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February 17, 2015
17:13 EDTAANPoint72 gives quarterly update on stakes
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11:09 EDTHOTStarwood CEO change a positive for shares, says Wells Fargo
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09:20 EDTHOTOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Vipshop Holdings (VIPS), up 10.9%... VASCO Data Security (VDSI), up 7.1%... Waste Management (WM), up 3.7%. ALSO HIGHER: Starwood Hotels (HOT), up 1.9% after appointing Adam Aron as interim CEO... Sarepta Therapeutics (SRPT), up 7.3% after being upgraded at BofA/Merrill... Navidea Biopharmaceuticals (NAVB), up 7.5% after publishing results of phase 3 Lymphoseek trial... Campus Crest (CCG), up 7.7% after announcing that it will explore strategic alternatives as well as Clinton Group and Campus Evolution proxy contest... Cyren (CYRN), up 7.1% following distribution agreement with ALSO Deutschland. DOWN AFTER EARNINGS: Helix Energy (HLX), down 13.3%... Walter Energy (WLT), down 10.1%. ALSO LOWER: Celsus Therapeutics (CLTX), down 82.3% after MRX-6 Cream 2% Phase II trial did not meet primary endpoint... Vascular Biogenics (VBLT), down 53.2% after reporting that VB-201 Phase 2 studies did not meet primary endpoints and removal of FDA partial clinical hold on VB-111... Vanguard Natural Resources (VNR), down 7.1% after reporting preliminary fourth quarter results.
07:52 EDTHOTStarwood CEO resignation positive, says Wells Fargo
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06:04 EDTHOTStarwood appoints Adam Aron as interim CEO
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