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Stock Market & Financial Investment News

News Breaks
August 21, 2014
17:00 EDTHRL, EBAY, SHLDOn The Fly: Closing Wrap
Stocks began the session in lackluster fashion as the averages opened just above yesterday’s close. There was little early reaction to the morning’s economic reports including the jobless claims data, Philadelphia Fed report, leading economic indicators, and natural gas storage change report. But by mid-day, the Dow had asserted itself as the day’s leader while the Nasdaq struggled to stain positive territory. As the afternoon progressed the Dow continued its advance, the Nasdaq hit 14-year highs, and the S&P also touched a new all-time high. ECONOMIC EVENTS: Jobless Claims data continues to trend lower, with the week of August 16 coming in at 298K vs. a consensus of 300K... The PMI Manufacturing Index Flash was strong at 58.0 for August, up 1.7 points from the July flash of 56.3. COMPANY NEWS: eBay (EBAY) rose almost 5% after a report said that a PayPal spin-off was under consideration... Hormel (HRL) gained almost 5% and hit a 52-week high after reporting better than expected earnings before the market opened... Sears Holding (SHLD) fell over 7% after reporting Q2 earnings this morning that missed on the top and bottom lines. INDEXES: The Dow closed up 60.36, or 0.36%, to 17,039.49, the Nasdaq closed up 5.62, or 0.12%, to 4,532.10, and the S&P 500 closed up 5.86, or 0.29%%, to 1,992.37.
News For EBAY;HRL;SHLD From The Last 14 Days
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April 17, 2015
15:24 EDTEBAYeBay April weekly call volatility elevated into Q1 and outlook
eBay April weekly call option implied volatility is at 45, May is at 30, June is at 24, July is at 23; compared to its 26-week average of 27 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on April 22.
09:19 EDTEBAYeBay Q1 Marketplace tranaction revenue tracking below Street, says ITG Research
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07:45 EDTEBAYEtsy multiple 'well beyond' high end of any comparable group, says Wedbush
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April 16, 2015
07:11 EDTSHLDSears may need to contibute more money into pension plan, WSJ reports
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April 15, 2015
10:23 EDTEBAYJD.com Launches JD Worldwide cross-border e-commerce platform
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April 14, 2015
11:07 EDTEBAYStocks with call strike movement; EBAY RAD
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April 13, 2015
16:18 EDTEBAYeBay announces executive appointments ahead of PayPal separation
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12:04 EDTHRLUSDA confirms first commercial chicken case of bird flu, Reuters says
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09:23 EDTSHLDSears moves higher on Simon Property Group deal
Price was last higher by over 3.8% in the pre-market to $44.60 after the company struck a deal with Simon Property Group (SPG) similar to that previously made with General Growth Properties (GGP). Resistance is at $45.69. Support is at $44.02.
09:03 EDTEBAYeBay SSS grew 7.3%, Amazon SSS up 24.6% in March, ChannelAdvisor says
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07:12 EDTEBAYeBay PayPal unit worth $39 per share alone, says Bernstein
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06:35 EDTSHLDSears volatility low into Simon Property a joint venture of real estate holdings
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06:22 EDTSHLDGap, Target, others scrutinized by NY AG over staffing practices, WSJ says
Several major retailer including Gap (GPS) and Target (TGT) are under investigation by New York Attorney General Eric Schneiderman over their staffing practices and whether they require workers to show up or stay home with little notice, The Wall Street Journal reports. Schneiderman sent letters warning Abercrombie & Fitch (ANF), JC Penney (JCP), Urban Outfitters (URBN), TJX Cos (TJX), Ann Inc (ANN), L Brands (LB), Burlington Stores (BURL), Sears Holdings (SHLD), Williams-Sonoma (WSM) and J Crew Group that he believes the chains are using on-call scheduling and that such practices may be in violation of New York laws. Reference Link
06:06 EDTSHLDSears, Simon Property form 50/50 JV
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April 10, 2015
14:24 EDTEBAYPayPal lending practices being probed by CFPB
EBay's PayPal unit disclosed last night in a regulatory filing related to the companies' split that on August 7, 2013 and January 13, 2014, eBay, PayPal and certain wholly owned subsidiaries of PayPal received Civil Investigative Demands, or CIDs, from the Consumer Financial Protection Bureau, or CFPB, requesting that they provide testimony, produce documents and provide information relating primarily to the acquisition, management, and operation of its PayPal Credit products, including online credit products and services, advertising, loan origination, customer acquisition, servicing, debt collection, and complaints handling practices. "The CIDs could lead to an enforcement action and/or one or more significant consent orders, which may result in substantial costs, including legal fees, fines, penalties and remediation expenses. We are cooperating with the CFPB in connection with the CIDs and exploring whether we may be able to resolve these inquiries. Resolution of these inquiries could require us to make monetary payments to certain customers, pay fines and/or change the manner in which we operate the PayPal Credit products, which could adversely affect our financial results and results of operations," PayPal noted.
12:59 EDTEBAYPayPal lending practices being investigated by CFPB, DJ reports
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April 9, 2015
17:36 EDTEBAYeBay, PayPal plan calls for non-compete in respective businesses
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17:15 EDTEBAYeBay,PayPal agree baseline penetration rate on eBay covered Properties of 80%
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April 6, 2015
09:25 EDTEBAYeBay threatened by merchant satisfaction with Amazon, Bloomberg says
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06:03 EDTEBAYUber hires Facebook's Joe Sullivan as Chief Security Officer
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