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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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October 24, 2014
10:37 EDTAANAaron's says as Q4 progresses, expects to see margin improvements
10:21 EDTAANAaron's says retail environment remains 'challenging'
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07:15 EDTAANAaron's reports Q3 same store revenue down 2.8%
Reports Q3 customer count on a same store basis was down 3.9%. For Company-operated stores open over two years at the end of September 2014, same store revenues decreased 3.7% during the third quarter of 2014 compared to the third quarter of 2013. The Company had 1,072,000 customers and its franchisees had 574,000 customers at the end of the most recent quarter.
07:14 EDTAANAaron's expects $50M in annual cost savings achieved by 2015-end
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07:05 EDTAANAaron's sees FY14 non-GAAP EPS $1.62-$1.67, consensus $1.68
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07:04 EDTAANAaron's sees Q4 non-GAAP EPS 34c-39c, consensus 39c
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07:03 EDTAANAaron's reports Q3 non-GAAP EPS 39c, consensus 37c
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October 23, 2014
15:39 EDTAANNotable companies reporting before tomorrow's open
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08:12 EDTHOTStarwood Hotels November volatility elevated into Q3 and outlook
Starwood Hotels November call option implied volatility is at 29, December and January is at 27; compared to its 26-week average of 22 according to Track Data, suggesting larger near term price movement into the expected release of Q3 results on October 28.
October 22, 2014
12:02 EDTHOTStarwood extends global partnership with Mercedes AMG Petronas
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October 20, 2014
16:01 EDTHOTStarwood announces sale of The St. Regis for $150.7M
Starwood Hotels & Resorts Worldwide announced that it has sold The St. Regis, Rome to subsidiaries of Constellation Hotels Holding Limited for approximately $150.7M. Starwood will continue to operate the hotel under the St. Regis brand flag as part of a new long-term management agreement.
October 13, 2014
14:00 EDTAANCalifornia AG announces $28.4M settlement with Aaron's
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