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Stock Market & Financial Investment News

News Breaks
April 30, 2012
06:13 EDTDG, WMT, WCRX, PSS, WWWOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Stock-trading hedge funds looking to extend their Q1 rebound ran into a nervous market in April, a reminder that funds betting that stocks will rise or fall based on valuation or other fundamentals can get thrown off when markets become rough, the Wall Street Journal reports...Dollar General (DG), whose stores have taken bargain hunting shoppers from Wal-Mart Stores (WMT), is now looking to take market share from the grocery business, the Wall Street Journal reports...REUTERS: San Francisco Fed President Williams is more optimistic about the U.S. economy now than three months ago and doesn't see the need for further monetary measures now, according to the Handelsblatt newspaper, Reuters reports...China is considering sovereign guarantees for its ships to enable it to continue importing Iranian crude after new EU sanctions come into effect in July, Reuters reports...BLOOMBERG: Warner Chilcott (WCRX) is considering its options, including a possible sale, after receiving interest from strategic and private-equity buyers, sources say, Bloomberg reports...Collective Brands (PSS) selected a group made up of Wolverine World Wide (WWW) and Golden Gate Capital as the leader to buy the company, sources say, Bloomberg reports.
News For DG;WMT;WCRX;PSS;WWW From The Last 14 Days
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October 15, 2014
15:28 EDTWMTWal-Mart sees FY16 e-commerce, digital spending of $1.2B-$1.5B
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15:26 EDTWMTWal-Mart sees FY15 capital investments between $12.5B-$13.0B
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15:22 EDTWMTWal-Mart sees FY16 net sales growth of 2%-4%
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15:19 EDTWMTWal-Mart lowers FY15 net sales growth forecast to 2%-3%
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15:16 EDTWMTWal-Mart drops 4% after giving guidance at analyst day meeting
11:14 EDTWMTWal-Mart Sam's Club CEO: Our business pressure remains mixed
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10:14 EDTWMTWal-Mart says 'Savings Catcher' has 5M users, to open more registers than ever
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09:39 EDTWMTWal-Mart US CEO: Our first half was challenging and we need to improve traffic
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09:37 EDTWMTWal-Mart expects to open 190 stores between now and end of the year
Wal-Mart US President Greg Foran believes Q4 actions will offset a portion of significant headwinds like wages and healthcare costs. Says the company will be "thoughtful" on wages.
09:16 EDTWMTWal-Mart CEO outlines growth strategy at annual meeting
President and CEO Doug McMillon said "Customers make their shopping decisions based on four key dimensions – price assortment, experience and access. What we can offer them, and how we compete across those dimensions, is changing... We have tens of millions of customers visiting us weekly online and through our mobile apps looking for information, product options and then buying merchandise from us in stores and online. We’re known for assortment and we will be in the future.” Discussing price and experience, McMillon went on to say, “At Walmart, we serve value-conscious customers that come from all walks of life and all income levels. Price matters to our customers and it always will. As a company, being a low cost operator is in our DNA. This will never change and we will be the price leader, across a broad assortment, everywhere we operate." McMillon continued, “To capture the upside of our strategic advantages, we need to develop a more seamless relationship with our customers. We won't just be a store on the street." McMillon outlined what the company is doing to win now, noting that improving the company’s short-term performance is a priority across all of Walmart’s segments and markets. “Our supercenters in the U.S. should be delivering positive comps consistently. Our combination of pricing, in stock, service levels and merchant skills will generate improved performance in our supercenters. Our Neighborhood Markets continue to be a bright spot in terms of comp sales.” McMillon highlighted three key points that will drive the business going forward: “First, we're going to position ourselves to do a better job serving customers. We can create a next generation customer proposition through the combination of what we do with price, assortment, access and experience. We will save them money and time. Second, our priority is growth. Driving demand is the only sustainable way to deliver returns over time. Finally, we’ll manage capital in a disciplined, thoughtful manner.”
09:14 EDTWMTWal-Mart CEO: We've recognized situation has changed, will respond accordingly
The company expects to continue investing in supply chain to support e-commerce with real momentum there. CEO Doug McMillon says "We will win in the new era of retail." and adds that "driving demand is the only sustainable way to deliver results." Notes once again that the company will manage capital in disciplined, thoughtful manner.
09:09 EDTWMTWal-Mart expects to change capital allocation plans, short term pressure
CEO Doug McMillon said the company will invest less in stores and more in e-commerce. He adds that the company is in a "period of transformation." He said the company took leverage a bit too far, and improving short term performance is a priority for the company's business segments. McMillon said the company has room to improve in stock and at checkout. He says the changes won't happen overnight. Notes that low fuel prices are in the company's favor although healthcare is a headwind. Says the successor of competitors shows it has no excuse to not improve.
09:05 EDTWMTWal-Mart CEO: Future looks bright with the necessary changes
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06:49 EDTWMTWal-Mart partners with VUDU for digital movie access offering
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October 14, 2014
06:33 EDTWWWWolverine World Wide backs FY14 adjusted EPS view of $1.57-$1.63
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06:31 EDTWWWWolverine World Wide reports Q3 adjusted EPS 63c, consensus 59c
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October 13, 2014
15:24 EDTWWWNotable companies reporting before tomorrow's open
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09:02 EDTWMTWal-Mart October volatility elevated into investment community meeting
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07:15 EDTWMTNational Association of Corporate Directors to hold a conference
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October 12, 2014
17:55 EDTWMTWal-Mart, DSW could benefit from holiday sales, Barron's says
Wal-Mart (WMT) and DSW (DSW) could benefit from the recent forecast of a 4% increase in holiday spending, Barron's contends in a follow up article. Reference Link
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