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Stock Market & Financial Investment News

News For DELL;PENN;OMX;DVAX;SHLD From The Last 14 Days
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April 1, 2015
09:41 EDTSHLDSears rises sharply, levels to watch
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09:23 EDTSHLDOn The Fly: Pre-market Movers
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06:33 EDTSHLDSears reports S-11 registration statement filed by Seritage Growth Properties
Sears Holdings announced that, in connection with its previously announced exploration of the formation of a real estate investment trust, or REIT, Seritage Growth Properties, a Maryland trust formed by the company, has filed a registration statement on Form S-11 with the SEC. The Registration Statement provides for a rights offering by Seritage intended to partially finance its purchase of approximately 254 of the company's properties, virtually all of which are operated as Sears and Kmart stores. As of January 31, Sears Holdings owned or leased 1,725 Kmart and Sears stores combined. Proceeds to the company of this sale are expected to exceed $2.5B. The company would in turn enter into a master lease agreement, pursuant to which it would lease the Sears and Kmart properties from Seritage and continue to operate its retail stores in those locations. The proceeds of the rights offering, together with debt and other financing which Seritage would obtain, would be used by Seritage to purchase the properties from the company. The subscription rights would be distributed pro rata to all stockholders of record of the company and entitle holders to purchase common shares of Seritage. The record date, subscription price, subscription ratio and other terms of the proposed rights offering will be announced prior to the commencement of the rights offering. The rights offering is currently anticipated to close by the end of Q2, and is subject to the approval of the board of Sears Holdings, market conditions and the satisfaction of certain other conditions. Sears Holdings may, at any time prior to the closing of the REIT transaction, decide to abandon the transaction or modify its terms.
06:25 EDTSHLDSears, General Growth announce sale-leaseback of 12 Sears properties
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06:23 EDTSHLDSears, General Growth announce 50/50 JV
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March 31, 2015
09:33 EDTPENNNevada reports February statewide gaming win down 1.08% to $916.09M
Reports February Las Vegas Strip gaming win down 4.38% to $531.35M. Publicly traded companies in the space include Boyd Gaming (BYD), Caesar's (CZR), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN) and Wynn Resorts (WYNN).
March 30, 2015
12:19 EDTPENNPenn National announces intent to withdraw from proposed Lawrence Downs Casino
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March 23, 2015
10:18 EDTSHLDSears Holdings volatility at low end of 44-month range as shares trend higher
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10:00 EDTDVAXOn The Fly: Analyst Upgrade Summary
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07:31 EDTPENNPenn National says Plainridge Park Casino to open on June 24
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06:23 EDTDVAXDynavax upgraded to Overweight from Neutral at JPMorgan
JPMorgan upgraded Dynavax to Overweight saying it is now "significantly more comfortable" with the safety of the company's Heplisav vaccine for hepatitis B. The firm raised its price target for shares to $36 from $15.
March 19, 2015
09:06 EDTOMXCiti Retail Services extends long term consumer relationship with Office Depot
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