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Stock Market & Financial Investment News

News Breaks
January 6, 2014
10:07 EDTCHKE, TGTCherokee enters renewal, amendment to license agreement with Target
Cherokee (CHKE) disclosed in a regulatory filing that on January 2, the company and Target (TGT) entered into a renewal and amendment to their existing license agreement. Concurrent with the execution of amendment, Target exercised its right to renew the Target License Agreement through January 31, 2017, Cherokee said. Under the amendment, Target now has the right to renew the agreement for successive two year periods, provided that it satisfied the minimum guaranteed royalty payment of $10.5M for the preceding fiscal year, by providing written notice of renewal at least one year prior to the end of the then current extended restated term.
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July 21, 2014
06:17 EDTCHKECove Capital reports 11% passive stake in Cherokee
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July 18, 2014
18:12 EDTTGTVisa, MasterCard denied bid to dismiss opt-out swipe fee suits, Bloomberg says
Merchants that opted out of the swipe-fee settlement brought their own suits, which Visa (V) and MasterCard (MA) were not approved to dismiss, Bloomberg reports. Merchants such as Target (TGT) and Macy’s (M) pursued their cases after dropping out of an earlier settlement over swipe fees, Bloomberg added. Reference Link

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