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Stock Market & Financial Investment News

News Breaks
July 16, 2014
11:14 EDTFLFoot Locker weakness a buying opportunity, says Sterne Agee
Sterne Agee said weakness in last weeks basketball sales at Foot Locker was the result of the shift of the Jordan launch by one week and that basketball and other sales remain healthy.
News For FL From The Last 14 Days
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October 8, 2015
10:00 EDTFLOn The Fly: Analyst Initiation Summary
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07:59 EDTFLFoot Locker initiated with a Buy at Argus
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October 2, 2015
05:42 EDTFLFinish Line upgraded to Neutral from Sell at Goldman
Goldman Sachs analyst Taposh Bari upgraded Finish Line (FINL) to Neutral citing two years of share underperformance. Since Bari downgraded the shoe retailer to Sell on October 1, 2013, the stock is down 24% versus a gain of 13% for the S&P 500 Index. More negative estimate revisions are likely already being priced into shares at current levels, Bari tells investors in a research note. The analyst sees greater risk at Sell-rated Foot Locker (FL). He keeps a $20 price target for shares of Finish Line. The stock closed yesterday down 38c to $18.92.
September 30, 2015
16:18 EDTFLFoot Locker provides pension plan litigation update
Foot Locker announced that it intends to appeal a U.S. District Court decision issued late yesterday in favor of the plaintiff in the case of Osberg v. Foot Locker, Inc., et al., which involves claims related to the conversion of the company's pension plan in 1996 to a defined benefit plan with a cash balance formula. The company disagrees with the decision. Although it cannot predict the outcome of any appeal, the company continues to believe, as previously indicated in its public filings on Forms 10-Q and 10-K, that the potential plan funding implications of this decision will not have a material adverse effect on the company's consolidated financial position, liquidity, or results of operations, as a whole. Given the company's intention to appeal, no further comments on this case from the company or its executives will be available until further notice.

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