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Stock Market & Financial Investment News

News Breaks
February 27, 2013
14:46 EDTWMT, KIMKimco Realty gets SEC subpoena, notice from DOJ related to Wal-Mart probe
Kimco Realty (KIM) disclosed in a regulatory filing that on January 28 the company received a subpoena from the Enforcement Division of the SEC in connection with an investigation, In the Matter of Wal-Mart Stores (WMT), that the SEC Staff is currently conducting with respect to possible violations of the Foreign Corrupt Practices Act. Kimco said it is responding to the subpoena and intends to cooperate fully with the SEC in this matter. Kimco said it has also been notified that the U.S. Department of Justice is conducting a parallel investigation, and added it expects that it will cooperate with the DOJ investigation. Kimco noted, "At this point, we are unable to predict the duration, scope or result of the SEC or DOJ investigation."
News For KIM;WMT From The Last 14 Days
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May 6, 2015
16:07 EDTKIMKimco Realty raises 2015 FFO outlook to $1.50-$1.55 from $1.45-$1.53
Consensus $1.49.
16:07 EDTKIMKimco Realty reports Q1 FFO 37c , consensus 36c
Reports Q1 revenue $283.5M, consensus $261.95M.
15:03 EDTKIMNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Twenty-First Century Fox (FOX, FOXA), consensus 39c... MetLife (MET), consensus $1.41... Prudential Financial (PRU), consensus $2.38... Tesla Motors (TSLA), consensus (50c)... Energy Transfer Partners (ETP), consensus 76c... Continental Resources (CLR), consensus (13c)... Keurig Green Mountain (GMCR), consensus $1.05... Whole Foods Market (WFM), consensus 43c... Activision Blizzard (ATVI), consensus 7c... Essex Property Trust (ESS), consensus $2.23... CF Industries (CF), consensus $4.61... TripAdvisor (TRIP), consensus 55c... Sunoco Logistics Partners (SXL), consensus 40c... Qorvo (QRVO), consensus 87c... Kimco Realty (KIM), consensus 36c... American Water Works (AWK), consensus 41c... Annaly Capital (NLY), consensus 30c... Albemarle (ALB), consensus 71c... Transocean (RIG), consensus 60c... Regency Centers (REG), consensus 72c... Energen (EGN), consensus 7c... Copa (CPA), consensus $2.36... Bruker (BRKR), consensus 10c... Atmel (ATML), consensus 9c... Oasis Petroleum (OAS), consensus 26c... Matador Resources (MTDR), consensus 1c... SandRidge Energy (SD), consensus (1c)... Sanchez Energy (SN), consensus (55c).
April 29, 2015
10:55 EDTWMTWal-Mart commits to invest in 115 new stores in China by 2017
Walmart’s global president and CEO, Doug McMillon, reiterated Walmart’s commitment to growing its business in China while speaking live at an event in Beijing, the company announced. McMillon committed that from 2015-2017, Walmart will open 115 new stores in China, including supercenter and Sam’s Club formats, creating more than 30,000 jobs in Shanghai, Shenzhen, Changsha, Wuhan and other Tier 1 & 2 cities. Walmart’s Sam’s Club format is also a key part of investment strategy and Walmart plans to open 7 new clubs in the next 2-3 years, the company stated. In the future, Walmart will continue to invest in remodeling and upgrading existing stores, investing more than RMB370M in the remodeling of more than 50 stores in 2015.
05:53 EDTWMTWal-Mart accelerates China expansion, adds 115 new stores, Financial Times says
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April 28, 2015
07:01 EDTWMTVIVUS announces discount program through Sam's Club for Qsymia
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April 27, 2015
20:03 EDTWMTBest Buy's use of Apple Pay raises questions about Wal-Mart's MCX, Re/code says
Best Buy (BBY) announced it will accept Apple (AAPL) Pay in its stores later in the year, reports Re/code, citing company statements. Re/code notes that the move raises questions about Best Buy's previously announced partnership with rival payment consortium MCX, spearheaded by Wal-Mart (WMT). A Best Buy spokesperson said it is "too early to declare" whether the company will use MCX's platform at launch, while multiple sources claimed the delay in implementing Apple Pay is partly due to exclusivity agreements with MCX. Reference Link
06:15 EDTWMTWal-Mart fighting for right to sell more alcohol in Texas, WSJ reports
Wal-Mart (WMT) is fighting for the right to sell more alcohol in Texas, The Wall Street Journal reports. The retailer is suing the Texas Alcoholic Beverage Commission, claiming legal limits on sales of hard liquor are "unconstitutional," the publication says. Wal-Mart has also joined fellow retailers Costco (COST) and Kroger (KR), as well as other groups, to back legislation that would override the current state beverage laws. Reference Link
April 23, 2015
19:56 EDTWMTWal-Mart blocks shareholder vote to examine possible gender bias, Guardian says
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