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Stock Market & Financial Investment News

News For AMZN;EBAY;BBY;WMT;TGT;SCOR From The Last 14 Days
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June 18, 2015
10:54 EDTAMZNAmazon says long-term pact struck with publisher Penguin, AP reports
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09:35 EDTAMZNActive equity options trading on open
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08:48 EDTWMTWal-Mart holds Ďat leastí $76B in overseas tax havens, NY Post reports
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08:14 EDTAMZNAmazon.com international EGM revenues poised to accelerate, says Bernstein
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08:04 EDTAMZNGoogle accelerating pace of cloud product innovation, says Baird
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June 17, 2015
18:14 EDTTGTTarget to eliminate jobs at its corporate headquarters, AP says
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13:43 EDTAMZNAmazon.com says 30-minute delivery by drone on the horizon, AP reports
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09:16 EDTAMZNAmazon.com introduces new Kindle Paperwhite
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09:08 EDTAMZNFedEx says properly identified delivery people an 'important issue'
FedEx (FDX) executives, responding to a question about "a prominent user of parcel services," likely referring to Amazon.com (AMZN), reportedly exploring its own solutions for delivery, said that "what a lot of people lose in this conversation" is that setting up a transportation network is extremely capital intensive, requires very sophisticated information technology and takes a very long time to build out to scale. FedEx also said that "research has indicated time and time again that a uniformed person with proper identification showing up at your doorstep is an important issue for customers" and that the consistency of customer experience is very critical. FedEx noted that it will continue to monitor these situations, but that it feels "pretty comfortable in terms of our strategy going forward and our ability to serve the e-commerce market and our customers."
07:24 EDTAMZNHouse Oversight & Government Reform Committee to hold a hearing
The Committee holds a hearing entitled, "Drones: The Next Generation of Commerce?" with Michael Whitaker, Deputy Administrator of the FAA, Brian Wynne, CEO of Association for Unmanned Vehicle Systems International and Paul Misener, Vice President of Amazon on June 17 at 9 am. Webcast Link
06:30 EDTAMZNAmazonís Twitch wants to bring in 'nongaming brands,' CNBC reports
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June 16, 2015
19:47 EDTBBYXbox chief says digital game sales 'really strong,' WSJ reports
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19:25 EDTTGT, WMTWal-Mart ranks high among millenials, Ad Age says
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18:08 EDTEBAYeBay to sell enterprise unit by July 1, Bloomberg says
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14:05 EDTEBAYeBay targeting sale of Enterprise unit before split, Bloomberg says
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11:26 EDTAMZNAmazon working on app to crowdsource package delivery, WSJ reports
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11:03 EDTAMZNAmazon working on app to crowdsource package delivery, DJ reports
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08:41 EDTTGTCVS Health deal 'extremely attractive,' says SunTrust
After CVS Health (CVS) agreed to buy Target's (TGT) pharmacies/clinics, SunTrust says that CVS.will benefit strategically and financially from the deal. The firm believes that the deal is capital efficient, provides CVS with an immediate and noticeable presence in several key markets and further rounds out CVS' presence in other geographies. It keeps a Buy rating on the stock.
06:36 EDTWMTWal-Mart accused of using charity to increase expansion, NYT reports
Several community and labor organizations are accusing Wal-Mart of inappropriately using its nonprofit Wal-Mart Foundation to reduce local opposition to expansion efforts in places such as Washington, Boston, Los Angeles, and New York, the New York Times reports. The group of organizations claimed in a complaint with the IRS that the Wal-Mart Foundation violated the terms of its tax-exempt status by targeting millions of dollars in donations that would directly benefit the retailer, the report says. The complaint alleges that the foundation donated over $200,000 to organizations in Los Angeles in 2008 and 2009, but raised that figure to $1.4M in 2011, right as the company planned to open a store in that area. When the store was opened in 2013, donations fell to roughly $230,000, the report says. In a statement, the New York Times reports, Wal-Mart spokesman Kevin Gardner said that the Wal-Mart Foundation took tax code and regulations "very seriously" and that the allegations had no merit. Reference Link
06:13 EDTEBAYAlibaba, Foxconn could invest $500M in Snapdeal, WSJ reports
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