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Stock Market & Financial Investment News

News Breaks
April 11, 2014
07:09 EDTWMT, C, KSS, LFUGFLi & 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
News For LFUGF;C;WMT;KSS From The Last 14 Days
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November 26, 2014
09:50 EDTKSSRumor: Kohl's moves up amid activist investor speculation
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November 25, 2014
07:22 EDTWMTWal-Mart volatility at low end of historic range as shares near record high
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06:10 EDTWMTWal-Mart's Duncan Mac Naughton expected to announce departure, WSJ reports
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November 24, 2014
09:46 EDTCCitigroup Global Markets fined $15M by FINRA for supervisory failures
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09:39 EDTCActive equity options trading
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08:38 EDTWMTWal-Mart names former American Airlines CEO Tom Horton to board
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07:01 EDTCFed could further restrict banks' commodities businesses, NY Times says
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November 21, 2014
09:17 EDTWMTOn The Fly: Pre-market Movers
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07:24 EDTCBB&T CEO says 'banks lending recklessly' again, Reuters reports
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November 20, 2014
17:21 EDTWMTSolarCity announces new power, energy storage projects with Walmart
SolarCity (SCTY) announced it has entered into contract with Walmart (WMT) for the installation of new solar projects at facilities in up to 36 states over the next four years. SolarCity has completed more than 200 solar projects at Walmart locations since 2010. SolarCity has also installed and tested energy storage projects co-located with solar power generation at 13 Walmart facilities since early 2013, and will be incorporating ten additional storage projects in the next year.
07:21 EDTCCitigroup's OneMain could receive bids from Springleaf, Centerbridge, WSJ says
Springleaf Holdings (LEAF) and Centerbridge Partners are said to be considering separate bids for OneMain, Citigroup's (C) subprime lending business, The Wall Street Journal reports. The unit could fetch over $4B, a source says. Other sources say the sale process for OneMain is in the early stages and other bidders may emerge. Reference Link
November 19, 2014
15:59 EDTCCitigroup latest bank to mull sale of index business, Reuters reports
Citigroup, amid increased regulatory scrutiny, is weighing a sale of its index business, said Reuters, citing two sources familiar with the situation. Reference Link
08:27 EDTCCiti cuts 35 capital markets jobs in London, Reuters reports
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07:51 EDTCClearing House Payments Company to hold a conference
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07:37 EDTCCitigroup to hold a conference
Global Financial Conference is being held in Singapore on November 19-20.
05:15 EDTWMTWalmart to match competitors' Black Friday deals one week early
Walmart announced that for the second year, the retailer is lowering the prices on popular toys, electronics and more to match or beat select Black Friday offers from national competitors one week early. Walmart’s Pre-Black Friday Event begins Friday, Nov. 21 at 8:00 a.m. and also gives customers an early taste of Walmart’s Black Friday prices by moving up items typically found on Black Friday.
November 18, 2014
09:03 EDTWMTI.D. Systems receives three-year contract extension from Walmart
I.D. Systems (IDSY) has executed a three-year extension of its contract with Walmart Stores (WMT) to provide VeriWise trailer tracking and management services for Walmart's fleet of cargo trailers. The contract extension, which runs through October, 2017, has a maximum aggregate value of approximately $14M.
09:03 EDTKSSKohl's has light at end of tunnel, says Sterne Agee
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05:26 EDTWMTDisney Movies Anywhere now available through Walmart VUDU service
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November 17, 2014
14:16 EDTCCitigroup reports October credit loss 2.18% vs. 2.53% last month
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