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Stock Market & Financial Investment News

News Breaks
June 26, 2014
16:39 EDTSHLD, GRPNGroupon's David Schellhase resigns as General Counsel
On June 25, David R. Schellhase resigned as General Counsel and Corporate Secretary of Groupon (GRPN), effective July 7. Following his resignation, Schellhase will serve as a strategic advisor to the company. On June 25, the Board of Directors of the company appointed Dane A. Drobny as Senior Vice President, General Counsel and Corporate Secretary, effective July 7. From May 2010 until June 2014, Mr. Drobny served as Senior Vice President, General Counsel and Corporate Secretary at Sears Holdings Corporation (SHLD).
News For GRPN;SHLD From The Last 14 Days
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December 17, 2014
13:03 EDTGRPNGroupon jumps 5% after positive mention by Leon Cooperman
Shares of Groupon are trading higher after Leon Cooperman of Omega Advisors said on CNBC that his firm believes shares are worth 40%-50% more than current trading levels. Cooperman added that the provider of coupons is not a large holding for Omega. Groupon shares are up 5%, or 32c, to $7.15 in afternoon trading.
12:59 EDTGRPNCooperman says Groupon not a big position for Omega
12:59 EDTGRPNCooperman says Groupon worth 40%-50% more than current levels
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12:58 EDTGRPNCooperman talks about new position in Groupon
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08:24 EDTSHLDSears 'strategic misdirection' highlighted by Mygofer failure, WSJ says
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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

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