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Stock Market & Financial Investment News

News Breaks
April 30, 2014
08:10 EDTHGG, RSHh.h. gregg names Troy Risch as COO, effective May 5
hhgregg (HGG) announced a key addition to its leadership team with the hiring of Troy H. Risch as COO. Risch joins hhgregg from RadioShack (RSH), where he served as Executive Vice President of Store Operations. Risch will assume the COO position on May 5.
News For HGG;RSH From The Last 14 Days
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July 31, 2014
12:53 EDTRSHRadioShack urged to repay secured creditors by BlueCrest, Bloomberg reports
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07:16 EDTHGGh.h. gregg no longer sees FY15 EPS above the prior year
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07:15 EDTHGGh.h. gregg reports Q1 EPS (36c), consensus (16c)
Reports Q1 revenue $472.3M, consensus $490.48M. Reports Q1 SSS down 10.2%. Dennis May, President and CEO commented, “While we expected the first quarter to be challenging given the difficult comparison to the prior year, we are not satisfied with our recent results. We recognize the importance of balancing near-term results with long-term investments to transform the business. Therefore we will continue to invest in our strategic initiatives to reposition the business around a broader assortment of home products. While we are making progress in many areas, we have opportunities for improvement in others. We have adjusted our advertising strategy to be more balanced, focusing more on traffic driving promotions versus the branding focused advertising that we did in the first quarter. We are also making adjustments to the video and appliance categories and refocusing our broader efforts on driving traffic to our stores and website."
July 29, 2014
13:23 EDTRSHRadioShack may run through liquidity in 2015, Moody's says
Moody's earlier today said its base case for RadioShack has the company running through its liquidity by the end of October 2015. The rating agency believes the electronics retailer has adequate liquidity for another year. Moody's has a Caa2 rating with a negative outlook on RadioShack. The stock is down 10%, or 8c, to 69c in afternoon trading.
July 25, 2014
16:37 EDTRSHRadioShack notified of possible delistment by NYSE
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