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Stock Market & Financial Investment News

News Breaks
January 10, 2014
05:36 EDTLB, SHLD, GPS, FDOLow-end retailers struggle as customers remain pressured, WSJ reports
As the outlook for the U.S. economy has improved, the results show that the slightly rising tide isn't lifting all boats. Retailers catering to lower income consumers had a rough holiday. Those shoppers remain under pressure from tepid job growth, stagnant wages, higher payroll taxes and the loss of government assistance programs like food stamps, reports the Wall Street Journal.Reference Link
News For FDO;SHLD;LB;GPS From The Last 14 Days
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December 21, 2014
19:04 EDTFDOFamily Dollar vote on Dollar Tree offer set for Dec. 23, Bloomberg says
A judge will not block Family Dollar Stores' (FDO) shareholders from voting on the $8.5B offer from Dollar Tree (DLTR), until Family Dollar Stores' executives get a chance to "seriously weigh" a competing bid from Dollar General (DG), says Bloomberg. The judge's decision clears the way for a December 23 vote by Family Dollar Stores' shareholders on the Dollar Tree offer, added Bloomberg. Reference Link
December 19, 2014
09:44 EDTFDOFamily Dollar to delay shareholder vote on Dollar Tree deal, CNBC says
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09:06 EDTFDODollar General says actively engaged with FTC on proposed Family Dollar deal
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December 17, 2014
08:24 EDTSHLDSears 'strategic misdirection' highlighted by Mygofer failure, WSJ says
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December 16, 2014
10:42 EDTLBL Brands coverage transferred with an Outperform at Cowen
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10:38 EDTGPSGap coverage transferred with a Market Perform at Cowen
Target $46.
09:18 EDTFDODollar General likely to win Family Dollar takeover war, says Sterne Agee
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07:09 EDTFDODollar General price target raised to $86 from $73 at Deutsche Bank
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December 15, 2014
11:17 EDTSHLDSears to have about 1,700 Sears, Kmart stores in operation going into 2015
On a company blog post, Sears CEO Eddie Lampert said: "At our most recent Town Hall meeting with our associates, I explained that I want us to operate our stores both profitably and with excellence. Both, not just one or the other.This is the background behind our decision to close more than 200 Kmart and Sears stores in 2014. Most of these stores were losing money, some for a long time. Because of the impact on our dedicated associates and our Shop Your Way members, these decisions were not taken lightly, or without our working to improve the performance of these stores over many years. Going into 2015, we will have approximately 1,700 Sears and Kmart big box stores in operation, representing about 200 million square feet of space." Reference Link
06:10 EDTFDOFamily Dollar 'likely' to postpone investor vote on Dollar Tree deal, NYP says
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December 12, 2014
13:33 EDTLBL Brands downgraded to Hold from Buy at Stifel
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December 11, 2014
16:59 EDTFDOElliott Associates reports 6.8% stake in Family Dollar
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December 10, 2014
06:16 EDTFDODollar General initiated with a Buy at Citigroup
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