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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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January 30, 2015
08:37 EDTKIMAlbertsons and Safeway complete merger transaction
AB Acquisition and Safeway (SWY) announced that they have completed their proposed merger. Under the terms of the merger agreement first announced and unanimously approved by Safeway's board in March 2014, AB Acquisition LLC, the owner of Albertson's LLC and New Albertson's, will acquire all outstanding shares of Safeway. AB Acquisition is controlled by an investor group led by Cerberus Capital Management, which also includes Kimco Realty (KIM), Klaff Realty LP, Lubert-Adler Partners LP, and Schottenstein Stores Corporation.
January 21, 2015
13:38 EDTWMTEarnings Preview: eBay shares rise over 5.5% since last earnings report
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10:01 EDTWMT, KIMOn The Fly: Analyst Downgrade Summary
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08:32 EDTKIMKimco Realty downgraded to Neutral from Outperform at Credit Suisse
06:52 EDTWMTWal-Mart downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley downgraded Wal-Mart to Equal Weight citing balanced risk/reward and lack of margin growth due to potential re-investments.
January 20, 2015
13:01 EDTWMTWal-Mart launches cash pickup option for tax refunds
As Americans begin to file their tax returns, Walmart (WMT) announced the launch of a first-of-its-kind service that allows consumers to “skip the check” and pick up their tax refunds in cash. Walmart Direct2Cash is available nationwide starting today and will help customers save time and money when compared to traditional tax refund options. Walmart is working with Tax Products Group, a Green Dot Company (GDOT), and Republic Bank & Trust Company, member FDIC, two providers of tax-related financial products and services, to provide Walmart Direct2Cash as an option to millions of customers. The more than 25,000 tax preparation locations using software with the Walmart Direct2Cash option may provide this service for no additional fee or charge a maximum of $7 at the time of filing. Walmart does not charge customers a fee when refunds are claimed in a store.
09:44 EDTWMTSupreme Court denies appeal of 'swipe fee' ruling, Reuters reports
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January 16, 2015
10:12 EDTWMTSprint unit Virgin Mobile to offer no contract data sharing plans
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