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Stock Market & Financial Investment News

News Breaks
March 13, 2014
07:10 EDTWMT, LCUTLifetime Brands sees acquisitions to increase net income, EPS in FY14
Lifetime Brands (LCUT) said, "For FY14, we believe that an improving U.S. economy, together with a significant number of major new product initiatives, should provide for further growth in our kitchenware business. This month, we will introduce a large number of new products and ten new brands at The International Home Plus Housewares Show. In Europe, net sales of Creative Tops increased in the fourth quarter of FY13 over the same period in FY12, and we foresee continued improvement in FY14. In Asia, Lifetime has received a trading license in China and will become a supplier of kitchenware products to Wal-Mart (WMT) stores in China, beginning in 2H14. Our Partner Companies in Brazil, Canada and Mexico are well-positioned to improve their performance over the prior year. Lifetime QM will be fully implemented by mid-year and its impact should begin to be reflected in our financial results in 2H14. Lifetime’s growth in FY14 also should benefit from three acquisitions that we completed early in FY14. We believe our acquisitions have the potential to add approximately $100M in net sales and significantly to increase the company’s net income and EPS in FY14."
News For LCUT;WMT From The Last 14 Days
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January 21, 2015
13:38 EDTWMTEarnings Preview: eBay shares rise over 5.5% since last earnings report
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10:01 EDTWMTOn The Fly: Analyst Downgrade Summary
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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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