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Stock Market & Financial Investment News

News Breaks
June 18, 2014
04:55 EDTCHEF, CHEF, POOL, POOL, SSI, SSI, WMT, WMT, JAH, JAH, VOXX, VOXX, CVS, CVS, JACK, JACK, VSI, VSI, HT, HT, SPLS, SPLSJefferies to hold a conference
2014 Global Consumer Conference to be held in Nantucket, MA on June 18-19.
News For CHEF;HT;VSI;JACK;CVS;VOXX;JAH;WMT;SSI;POOL;SPLS From The Last 14 Days
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January 21, 2015
06:05 EDTCVSCVS Health upgraded to Buy from Neutral at Goldman
Goldman upgraded CVS to Buy based on strong leverage to Rx growth and Specialty, procurement savings upside, and capital deployment optionality. Price target raised to $113 from $95.
January 20, 2015
13:09 EDTSPLSSources: Staples to spurn Starboard's call to merge with Office Depot, FT says
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13:01 EDTWMTWal-Mart launches cash pickup option for tax refunds
As Americans begin to file their tax returns, Walmart (WMT) announced the launch of a first-of-its-kind service that allows consumers to “skip the check” and pick up their tax refunds in cash. Walmart Direct2Cash is available nationwide starting today and will help customers save time and money when compared to traditional tax refund options. Walmart is working with Tax Products Group, a Green Dot Company (GDOT), and Republic Bank & Trust Company, member FDIC, two providers of tax-related financial products and services, to provide Walmart Direct2Cash as an option to millions of customers. The more than 25,000 tax preparation locations using software with the Walmart Direct2Cash option may provide this service for no additional fee or charge a maximum of $7 at the time of filing. Walmart does not charge customers a fee when refunds are claimed in a store.
10:47 EDTSPLSStaples says will consider 'all actions' that would create shareholder value
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10:23 EDTSPLSStarboard says Staples should explore merger with Office Depot
Starboard Value, one of the largest shareholders of Staples (SPLS), confirmed, as previously reported, that it has delivered a letter to Ronald Sargent, Chairman and CEO of Staples, and the board of directors of Staples. In the letter, Starboard states in part: "As we discussed in our recent meeting, we believe that the best way to maximize value for Staples' shareholders is through exploring and completing a business combination with Office Depot (ODP). For a variety of reasons, we believe that now is the right time to pursue such a transaction, and we urge you to immediately retain a reputable investment bank and legal advisors to assist the Board in evaluating, structuring and executing a transaction with Office Depot. We believe that a strategic combination of Staples and Office Depot would result in synergies that would more than double the operating profits of the combined company and would create an industry-leading office supply retailer that could more effectively compete against larger retailers and online competitors. The magnitude of value creation from such a business combination far exceeds anything that either company could achieve on a standalone basis. We believe that the evidence is clear that shareholders are broadly supportive of a transaction between Staples and Office Depot. As shown in the chart below, since the merger speculation began last September, Staples' share price has risen over 50%, strongly outperforming the S&P 500...After the recent increase in Staples' share price, we believe the stock now trades at a substantial premium to the intrinsic value of the standalone company. This results in a lower cost of capital for Staples and a stronger currency which could be used to acquire Office Depot. If Staples fails to fully explore and consummate a transaction with Office Depot, shareholders will undoubtedly be extremely disappointed...We understand that this will require cooperation from Office Depot, and we have already expressed to them our strong support for a transaction...Our sincere hope is that we can continue to have a constructive dialogue. However, if it becomes clear to us that you have no intention of seriously pursuing this unique and highly attractive opportunity, it would be a clear sign that significant leadership change is needed at Staples."
10:06 EDTJAHHigh option volume stocks
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09:44 EDTWMTSupreme Court denies appeal of 'swipe fee' ruling, Reuters reports
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09:38 EDTJAHActive equity options trading
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09:31 EDTSPLSActivist Starboard urging Staples, Office Depot to merge, WSJ reports
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09:01 EDTJACKJack in the Box price target raised to $100 from $88 at Wunderlich
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08:59 EDTSPLSStarboard urged Staples to explore Office Depot merger, Bloomberg says
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07:26 EDTCHEFJefferies to hold a summit
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07:04 EDTJAHJarden sees FY15 adj. EPS $2.75-$2.90, consensus $2.93
For 2015, the Company anticipates organic net sales growth to be within its long-term average target range of 3-5%. Including the negative impact of current foreign currency rates.
07:03 EDTJAHJarden sees Q4 revenue $2.4B, consensus $2.32
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January 16, 2015
10:12 EDTWMTSprint unit Virgin Mobile to offer no contract data sharing plans
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10:01 EDTHTOn The Fly: Analyst Upgrade Summary
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07:41 EDTHTHersha Hospitality upgraded to Buy from Neutral at BofA/Merrill
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January 15, 2015
10:30 EDTSPLSStaples announces board changes, CEO turns down raise to base salary
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09:24 EDTWMTEpiq Systems to hold a webinar
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January 14, 2015
16:00 EDTWMTOptions Update; January 14, 2015
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