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Stock Market & Financial Investment News

News Breaks
March 15, 2012
18:26 EDTKFT, M, PGKraft Foods nominates Macy's, Procter & Gamble executives to Board
Kraft Foods (KFT) announced the nominations of Terry Lundgren and Jorge Mesquita to its Board of Directors. Lundgren is Chairman, President and CEO of Macy's (M), a premier national retailer, and Mesquita is Group President, New Business Creation and Innovation for The Procter & Gamble Company (PG).
News For KFT;M;PG From The Last 14 Days
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October 16, 2014
15:10 EDTPGAmerican College of Gastroenterology to hold annual meeting
ACG Annual Scientific Meeting 2014 to be held in Philadlephia, PA on October 17-22.
October 14, 2014
14:17 EDTMMacy's to open 2 hours earlier for Thanksgiving this year, CNN reports
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10:08 EDTPGProcter & Gamble: There is no doubt we are in a stretch of global volatility
The company said there is a high amount of volatility both politically and economically. The company said it is "trying its best" and that they're "on it."
09:26 EDTPGProcter & Gamble sees significant savings opportunities
The company plans to create a new P&G over the next 18-24 months that will consist of 70-80 brands organized in a dozen businesses. The company plans to reduce waste, and to have a North Aerican supply chain redesign that will see fewer, multi-category plants and more common manufacturing platforms. Comments taken from P&G Annual Meeting of Shareholders.
October 13, 2014
10:06 EDTMJ.C. Penney rises after selecting Home Depot executive as next CEO
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06:15 EDTMJ.C. Penney downgraded to Sell from Neutral at UBS
UBS downgraded its rating on J.C. Penney (JCP) shares to Sell saying the company's 2017 EBITDA target of $1.2B is overly optimistic as it assumes years of market share gains against strong competitors like Macy's (M) and Kohl's (KSS). UBS halved its price target for Penney shares to $5 from $10. The retailer's stock closed Friday down 52c to $7.12.
October 9, 2014
09:41 EDTMBofA/Merrill retail analysts hold an analyst/industry conference call
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October 8, 2014
13:43 EDTMDepartment stores fall after J.C. Penney cuts view due to difficult environment
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11:13 EDTMMacy's October volatility increases as shares pull back
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09:23 EDTMCitigroup to hold a tour
Athletic Footwear Mall Tour travels to Roosevelt Field Mall, Garden City, New York on October 8.
October 7, 2014
09:39 EDTMMacy's Q3 revenues tracking to $6.25B vs. consensus $6.392B, says ITG Research
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