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Stock Market & Financial Investment News

News Breaks
May 17, 2012
14:42 EDTLOW, WMT, SHLD, HD, TGTMild weather that helped retailers in Q1, may hurt Q2, Reuters says
The warm weather that helped retailers in Q1 may hurt them in Q2 as consumers may pull back after spending more than anticipated, says Reuters. Reference Link
News For HD;WMT;TGT;SHLD;LOW From The Last 14 Days
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August 3, 2015
16:34 EDTTGT, HDJ.C. Penney announces new VPs of omnichannel, supply chain
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13:32 EDTWMT, SHLDNY AG confirms toy gun sales settlement with Amazon, Walmart, others
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11:04 EDTSHLD, WMTAmazon, Wal-Mart, others settle toy gun sales probe in NY, Bloomberg says
Five retailers, including Amazon (AMZN) and Wal-Mart (WMT) have agreed to pay over $300,000 to end an investigation in New York into alleged sales of toy guns that were deemed too realistic, Bloomberg reports. Under an agreement to be officially announced later, the retailers, which also include Kmart, Sears (SHLD), and ACTA, will pay fines and create procedures to ensure that illegal toy guns are not sold in the state of New York, the report says. Reference Link
06:38 EDTLOWLowe's to open first Manhattan store in coming weeks, NY Post reports
Lowe's is set to open its first store in Manhattan, New York City on the Upper West Side in the coming weeks, the New York Post reports. The chain will also open a second Manhattan outlet in September in the neighborhood of Chelsea, the report says. Reference Link
06:19 EDTSHLDSears announces $1B tender offer
Sears announced that it has commenced a tender offer to purchase for cash up to $1B principal amount of its outstanding 6 5/8% Senior Secured Notes Due 2018. The aggregate principal amount of Notes currently outstanding is $1.238B. The terms and conditions of the Offer are set forth in an Offer to Purchase and related Letter of Transmittal, each dated August 3. Holders of Notes are urged to read the Offer to Purchase and Letter of Transmittal carefully before making any decision with respect to the Offer. The Offer is scheduled to expire at 11:59 p.m., New York City time, on August 28. Jefferies is serving as Dealer Manager for the Offer.
06:17 EDTSHLDSears sees Q2 EPS $1.46-$1.92 with items, one estimate ($2.65)
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06:13 EDTSHLDSears sees Q2 adjusted EBITDA ($189M)-($249M)
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July 30, 2015
17:24 EDTTGTFoot 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
18:08 EDTWMTWal-Mart warns suppliers to comply with labeling laws, WSJ reports
Last week, Wal-Mart sent a memo to hundreds of suppliers warning them to comply with labeling laws, noting that the amount inside a package should match what is printed on the outside, the Wall Street Journal reports. Reference Link
14:55 EDTWMT, HDEarnings Watch: MasterCard reports after peers warn of currency headwinds
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July 24, 2015
06:37 EDTTGT, WMTWal-Mart increases offerings in baby category
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July 23, 2015
19:24 EDTWMT, TGT, LOWWal-Mart's Apple Pay competitor launching soon, Bloomberg says
CurrentC, the mobile payment application funded by Wal-Mart (WMT), Target (TGT), Best Buy (BBY) and others, will see an early trial run next month, Bloomberg reported earlier, citing three people familiar with the situation. A spokesperson for Lowe's (LOW) said the consortium behind the app expects an official launch in Q3, and Bloomberg noted that CurrentC will compete with more "established" offerings such as Apple's (AAPL) Apple Pay and Google's (GOOG) Android Pay. Reference Link
05:08 EDTWMTWal-Mart acquires remaining shares of Yihaodian
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July 22, 2015
14:37 EDTHD, LOWHome improvement stocks rally after Owens Corning results, home sales data
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13:25 EDTWMTWal-Mart to end overnight hours at certain stores, Bloomberg reports
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08:38 EDTWMT, TGT, SHLDNRF cuts 2015 retail sales growth forecast to 3.5% from 4.1%
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08:21 EDTHDHome Depot agrees to acquire Interline Brands for $1.63B
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