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Stock Market & Financial Investment News

News Breaks
January 1, 2013
14:08 EDTSHLD, BBYTwo Best Buy directors resign from board
Two Best Buy (BBY) directors have resigned from the board of the consumer electronics retailer, Matthew H. Paull and George L. Mikan III, the company disclosed in a regulatory filing Monday. Mr. Mikan notified the Board that he had accepted a position as president of ESL Investments, the hedge fund run by Edward S. Lampert, which controls the competitor Sears Holding (SHLD).
News For BBY;SHLD From The Last 14 Days
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February 26, 2015
12:04 EDTBBYBest Buy volatility increases into Q4 and outlook
Best Buy March weekly call option implied volatility is at 60, March is at 42, April is at 35, June is at 34; compared to its 26-week average of 41 according to Track Data, suggesting large near term price movement into the expected release Q4 results on March 3.
10:36 EDTSHLDOptions with decreasing implied volatility
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06:44 EDTSHLDSears says targeting REIT formation in May or June
Sears said "We are continuing our efforts to develop Sears Holdings as a membership company, without the significant asset intensity of its traditional retail business. To this end, we announced in November that we have been exploring the formation of a Real Estate Investment Trust to purchase some of our properties and to manage them like a pure real estate company. While we can offer no assurances that such a transaction will be consummated, we have made progress and are proceeding towards its formation and separation, which is projected to occur in May or June of this year. We are currently targeting between 200 and 300 Sears and Kmart stores to be sold to the REIT with expected proceeds to Sears Holdings in excess of $2B. The REIT itself would be funded by equity and debt with the equity raised through a rights offering. The subscription rights would be distributed pro rata to all stockholders of record of the company, and every stockholder would have the right to participate, except that holders of the company's restricted stock that is unvested as of the record date would be expected to receive cash awards in lieu of subscription rights."
06:09 EDTSHLDSears reports Q4 EPS ($1.50), one estimate ($1.89)
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February 25, 2015
15:05 EDTSHLDNotable companies reporting before tomorrow's open
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08:59 EDTSHLDSears Holdings volatility elevated into Q4 and outlook
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February 20, 2015
14:46 EDTSHLDSears Holdings volatility elevated into Q4 and outlook
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February 18, 2015
09:32 EDTBBYComarco files patent suit against Best Buy
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