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Stock Market & Financial Investment News

News Breaks
May 13, 2013
07:13 EDTJWNNordstrom unlikely to raise full-year guidance, says Piper Jaffray
Piper Jaffray does not expect Nordstrom to raise its full-year earnings guidance when reporting Q1 results this Thursday. However, Piper thinks the company's fundamentals remain strong and reiterates an Overweight rating on the stock with a $64 price target.
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September 4, 2014
09:01 EDTJWNNordstrom board authorizes $1B share repurchase program
Nordstrom announced that its board of directors has authorized a repurchase program of up to $1B of the company’s outstanding common stock, through March 1, 2016. The company intends to fund the repurchase program from existing cash on hand. The actual number and timing of share repurchases, if any, will be subject to market conditions and applicable Securities and Exchange Commission rules. This program is in addition to the company’s existing repurchase program that was approved by the board in February 2013. The existing repurchase program has $323Mn outstanding as of September 3, 2014, and will expire on March 1, 2015.
September 3, 2014
07:05 EDTJWNNordstrom in talks to be early merchant partner with Apple, Bank Innovation says
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