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Stock Market & Financial Investment News

News Breaks
February 6, 2013
05:51 EDTGCIGannett upgraded to Buy from Neutral at Citigroup
Citigroup upgraded Gannett citing the recent pullback in shares and near-term catalysts. The firm raised its price target for shares to $22 from $19.
News For GCI From The Last 14 Days
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September 10, 2014
06:43 EDTGCITypo causes confusion Icahn's stake in Gannett, NY Times says
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06:16 EDTGCICorrection: Icahn maintains 6.63% stake in Gannett
Carl Icahn maintains a 6.63% stake in Gannett (GCI) and says last night's filing of an increased stake of 8.48% was done in error.
September 4, 2014
06:09 EDTGCIUSA Today cuts 70 employees, WSJ reports
Gannett's USA Today yesterday laid off around 70 people, a source tells the Wall Street Journal. About 35 of the affected employees came from the newsroom, equating to about 10% of its newsroom staff, and the rest of the cuts came across all of the newspaper's departments. Reference Link
September 3, 2014
16:10 EDTGCIGannett gets regulatory clearance to acquire full ownership of Cars.com
Gannett announced that it has received federal regulatory clearance under the Hart-Scott-Rodino Act to acquire full ownership of Cars.com, one of the leading digital companies in the automotive space. Under the agreement, Gannett will acquire the 73% interest it does not already own in Classified Ventures, which owns Cars.com. Closing is expected to occur on October 1.

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