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Stock Market & Financial Investment News

News Breaks
October 8, 2012
08:17 EDTGDOT, AXP, WMT, NTSPGreen Dot drops after AmEx, Wal-Mart reach card deal
Shares of Green Dot (GDOT) are down sharply in pre-market trading after American Express (AXP) entered the prepaid card market via a partnership with Wal-Mart (WMT). American Express and Wal-Mart announced this morning the launch of prepaid card Bluebird in more than 4,000 Walmart stores. Green Dot, a provider of prepaid debit cards, is seeing its stock fall with American Express emerging as a competitor. Shares of Green Dot are down 15.8%, or $2.03, to $10.82 in pre-market trading, while another prepaid card provider, NetSpend (NTSP), is down 2.3% to $10.50.
News For GDOT;AXP;WMT;NTSP From The Last 14 Days
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July 24, 2014
15:02 EDTGDOTGreen Dot downgraded to Underperform from Sector Perform at Portales
11:32 EDTWMTWal-Mart U.S. CEO change not likely due to current trends, says RW Baird
RW Baird believes the departure of Bill Simon from his post as CEO of Wal-Mart U.S. has more to do with the executive's long-term career planning than with current trends, which the firm believes remain sluggish. Baird keeps its Outperform rating and $84 price target on Wal-Mart.
08:38 EDTWMTWal-Mart volatility at historic low into Foran succeeding Simon as U.S. CEO
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08:31 EDTWMTWal-Mart names Greg Foran as president and CEO of Walmart U.S.
Walmart announced that Greg Foran has been promoted to President and CEO of Walmart U.S. Foran succeeds Bill Simon who has been in the role since June 2010 and will be transitioning out of the company. Foran will assume his responsibilities on August 9 and will report directly to Walmart President and CEO, Doug McMillon. Simon will be available on a consulting basis for the next six months to ensure a seamless transition.
06:56 EDTWMTCourt rules Wal-Mart to show bribery probe documents, Reuters says
The Delaware Supreme Court ruled that Wal-Mart Stores must show a shareholder documentation that has to do with the firm's internal investigation of allegations it paid bribes in Mexico, according to Reuters, citing comments from a company spokeswoman. Reference Link
July 22, 2014
06:55 EDTWMTWal-Mart reduces prices more intensly for back-to-school, Bloomberg says
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July 21, 2014
06:42 EDTWMTWal-Mart adds over $102M to Indian wholesale unit, Reuters says
Wal-Mart added fresh funds worth $102.9M into its Indian wholesale division last month, according to Reuters, citing a filing made by its Indian business to the Registrar of Companies. The filing detailed that the funds were allotted as share application money. Reference Link
July 15, 2014
12:01 EDTAXPAmerican Express reports June net charge off rate 1.5% vs. 1.6% last month
Reports June 30 days past due loans 0.9% vs. 1.0% last month.
07:24 EDTAXPMicrosoft to hold a conference
MSFT Worldwide Partner Conference to be held in Washington, D.C. on July 13-17.
05:53 EDTWMTStocks with implied volatility movement; CSCO WMT
Stocks with implied volatility movement; Cisco (CSCO) 23, Wal-Mart (WMT) 13 according to iVolatility.
July 12, 2014
12:50 EDTWMTWal-Mart sued by comedian Tracy Morgan over June crash, Reuters says
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