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Stock Market & Financial Investment News

News Breaks
February 27, 2013
14:46 EDTKIM, WMTKimco 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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July 30, 2014
08:53 EDTWMTSodaStream sees sales trends for sodamakers remaining challenging in U.S. in 2H
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08:51 EDTWMTSprint to launch Virgin Mobile Custom at Wal-Mart on August 9
Sprint (S) subsidiary Virgin Mobile USA introduced Virgin Mobile Custom, a no-annual-contract offer with unique parental controls and the ability for customers to build personally tailored rate plans. Virgin Mobile Custom will be available exclusively to Walmart (WMT) customers at select stores beginning Saturday, Aug. 9. Under the offer, customers will purchase a designated Custom phone and activate that device on the Base plan, which comes with 20 texts and 20 voice minutes, or the Unlimited plan for $35 with unlimited talk and text, with the ability to activate up to five lines for as low as $6.98 per line per month.
July 29, 2014
16:11 EDTKIMKimco Realty reaffirms FY14 adjusted FFO view $1.36-$1.40, consensus $1.38
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16:10 EDTKIMKimco Realty reports Q2 adjusted FFO 35c, consensus 34c
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15:53 EDTKIMNotable companies reporting after market close
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12:32 EDTWMTWal-Mart acquires online product discovery community Luvocracy
The company disclosed the acquisition on a post to its WalmartLabs blog. Reference Link
10:00 EDTWMTOn The Fly: Analyst Downgrade Summary
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09:17 EDTWMTOn The Fly: Pre-market Movers
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07:27 EDTWMTPlug Power up 12.3% after confirming follow-on GenKey order from Wal-Mart
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07:25 EDTWMTPlug Power confirms follow-on GenKey order from Wal-Mart
Plug Power (PLUG) confirms the company has received a follow-on GenKey purchase order from Wal-Mart (WMT) to add an additional, seventh, GenKey site to the original six-site contract it announced in February. This additional site in Sterling, IL consists of 286 GenDrive fuel cell units and is planned to deploy in Q3. The add-on Sterling, Illinois GenKey site is currently in the planning stages and is expected to be deployed by the end of Q3.
06:11 EDTWMTWal-Mart downgraded to Neutral from Buy at Goldman
Goldman downgraded Wal-Mart to Neutral given the company's focus on growth and investment over returns, which is likely to impact share performance. Price target remains $83.
July 28, 2014
13:23 EDTWMTIcahn 'pleased' with Family Dollar deal, 'hopeful' alternate deal may surface
Carl Icahn released the following statement regarding Family Dollar Stores (FDO): "While we continue to believe there are a handful of potential buyers who could realize greater synergies through a combination with Family Dollar and are hopeful that one or more of them will surface as a result of today’s announcement, we are extremely pleased with Dollar Tree’s (DLTR) intention to acquire Family Dollar in a transaction that values the company at $74.50 per share. This is a big win for all shareholders of Family Dollar and yet another validation of the activist investment philosophy in general." Another company in the space, Dollar General (DG), has previously been speculated as an alternative partner for Family Dollar and Wal-Mart (WMT) is seen as a competitor to dollar store operators.
11:39 EDTWMTWells says potential for competing Family Dollar bid an unknown
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July 27, 2014
08:58 EDTWMTWal-Mart doesn't look cheap, Barron's says
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July 24, 2014
11:32 EDTWMTWal-Mart U.S. CEO change not likely due to current trends, says RW Baird
RW Baird believes the departure of Bill Simon from his post as CEO of Wal-Mart U.S. has more to do with the executive's long-term career planning than with current trends, which the firm believes remain sluggish. Baird keeps its Outperform rating and $84 price target on Wal-Mart.
08:38 EDTWMTWal-Mart volatility at historic low into Foran succeeding Simon as U.S. CEO
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08:31 EDTWMTWal-Mart names Greg Foran as president and CEO of Walmart U.S.
Walmart announced that Greg Foran has been promoted to President and CEO of Walmart U.S. Foran succeeds Bill Simon who has been in the role since June 2010 and will be transitioning out of the company. Foran will assume his responsibilities on August 9 and will report directly to Walmart President and CEO, Doug McMillon. Simon will be available on a consulting basis for the next six months to ensure a seamless transition.
06:56 EDTWMTCourt rules Wal-Mart to show bribery probe documents, Reuters says
The Delaware Supreme Court ruled that Wal-Mart Stores must show a shareholder documentation that has to do with the firm's internal investigation of allegations it paid bribes in Mexico, according to Reuters, citing comments from a company spokeswoman. Reference Link
July 22, 2014
06:55 EDTWMTWal-Mart reduces prices more intensly for back-to-school, Bloomberg says
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July 21, 2014
06:42 EDTWMTWal-Mart adds over $102M to Indian wholesale unit, Reuters says
Wal-Mart added fresh funds worth $102.9M into its Indian wholesale division last month, according to Reuters, citing a filing made by its Indian business to the Registrar of Companies. The filing detailed that the funds were allotted as share application money. Reference Link

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