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Stock Market & Financial Investment News

News Breaks
March 7, 2014
17:25 EDTNKE, FLFoot Locker still undervalued after run-up, Barron's contends
After reporting better-than-expected Q4 earnings and seeing its shares rise 7%, Foot Locker (FL) is still undervalued, Barron's said, due to the company's close relationship with Nike (NKE), its international growth prospects, and its balance sheet. Barron's also speculated that investors could see a boost in Foot Locker's dividend, which currently yields 2.1%. Reference Link
News For FL;NKE From The Last 14 Days
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July 30, 2015
17:24 EDTFLFoot Locker appoints Verma as Chief Information Officer
Foot Locker (FL) announced the appointment of Pawan Verma as SVP and Chief Information Officer, effective August 10. Verma succeeds Peter Brown, who retired in April. Verma joins Foot Locker from Target (TGT), most recently serving as VP, Digital and Marketing Technologies and Services Platforms.
July 28, 2015
07:25 EDTNKENike price target raised to $128 on trade deal potential at Jefferies
Jefferies analyst Edward Plank raised his price target for Nike to $128 to reflect greater likelihood of the Trans-Pacific Partnership becoming law. The elimination of Vietnam import tariffs could benefit Nike's margins by up to 400 basis points over time, Plank tells investors in a research note. The recent granting of fast-track authority to President Obama significantly increases the likelihood of the free trade agreement passing, the analyst writes. He keeps a Buy rating on Nike.
July 27, 2015
06:36 EDTNKENike to pay $2.4M to FuelBand customers, AppleInsider reports
Under terms agreed upon in June, Nike (NKE) will pay $2.4M to customers who purchased a FuelBand product anytime between January 19, 2012 and June 17, 2015 to settle a class action suit leveled against itself and Apple (AAPL) in 2013, AppleInsider reports. Apple was named as a defendant in the suit, but holds no responsibility or liability for attorneys' fees or costs, the report says. The plaintiffs alleged that the Fuelband was unable to accurately track calorie burn, steps, and overall activity, the report says. Reference Link
July 22, 2015
07:04 EDTFLFoot Locker price target raised to $77 from $67 at UBS
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