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Stock Market & Financial Investment News

News Breaks
November 29, 2012
12:19 EDTKSSFollow-up: Kohl's downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank downgraded Kohl's citing the company's weak November comp sales and its belief consensus estimates for Q4 and 2013 are too high. The firm lowered its price target for shares to $45 from $62.
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April 11, 2014
07:09 EDTKSSLi & Fung collaborates with Citigroup on brand unit spinoff, Bloomberg says
Li & Fung (LFUGF)) is said to be collaborating with Citigroup (C) to spin off its brands division, which is valued at nearly $2B, according to Bloomberg, citing people with knowledge of the matter. The company's brand unit sells clothing and toys to retailers such as Wal-Mart (WMT) and Kohl's (KSS). Reference Link
April 9, 2014
16:34 EDTKSSAbercrombie & Fitch names Joanne Crevoiserat CFO
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