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Stock Market & Financial Investment News

News Breaks
January 3, 2013
08:11 EDTM, GGPMacy's to consolidate, expand in Ridgedale Center
Macy’s (M) announced the consolidation of its two separate stores in Ridgedale Center in Minnetonka, MN, into the one expanded location beginning in early 2014. The current 202,000-square-foot Macy’s main store will be expanded and upgraded by approximately 84,000 square feet, with construction beginning in June 2013. When this project is completed in early 2014, the men’s and home businesses currently in a separate 129,000-square-foot building will move into the main Macy’s store. The smaller building at Ridgedale Center will be closed and acquired by General Growth Properties (GGP) for redevelopment.
News For M;GGP From The Last 14 Days
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October 29, 2014
05:37 EDTGGPGeneral Growth, Ashkenazy Acquisition acquire minority interest in MDDA
A joint venture between General Growth Properties and Ashkenazy Acquisition Corporation, or AAC, which specializes in retail properties, has acquired a minority interest in the Miami Design District from Miami Design District Associates, or MDDA, a partnership between Dacra, founded and owned by developer Craig Robins, and L Real Estate, or LRE, a private equity fund dedicated to mixed-use luxury real estate investments. Upon completion of the development’s initial phase in December 2014 and subsequent phase in 2016, MDDA will own/operate 1.2M square feet, with a future expansion that could include an additional 2M square feet.
October 28, 2014
07:30 EDTGGPGeneral Growth outlook positive, says Stifel
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07:13 EDTMMacy's, Bloomingdale's stores to open in Abu Dhabi in 2018
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October 27, 2014
16:05 EDTGGPGeneral Growth sees FY14 FFO $1.31-$1.33, consensus $1.32
16:04 EDTGGPGeneral Growth sees Q4 FFO 37c-39c, consensus 38c
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16:04 EDTGGPGeneral Growth reports Q3 FFO 33c, consensus 31c
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15:34 EDTGGPNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Amgen (AMGN), consensus $2.11; General Growth Properties (GGP), consensus 31c; Avalonbay (AVB), consensus $2.00; Hartford Financial (HIG), consensus 83c; Universal Health Services (UHS), consensus $1.36; XL Group (XL), consensus 63c; Masco (MAS), consensus 32c; Plum Creek Timber (PCL), consensus 30c; T-Mobile US (TMUS), consensus 2c; Cliffs Natural (CLF), consensus (3c); Twitter (TWTR), consensus 1c; American Capital Agency (AGNC), consensus 73c; DDR Corp. (DDR), consensus 30c; PartnerRe (PRE), consensus $3.66; Owens & Minor (OMI), consensus 47c; Manitowoc (MTW), consensus 42c; Compass Minerals (CMP), consensus 78c; Allison Transmission (ALSN), consensus 30c; Regal Entertainment (RGC), consensus 17c.
09:37 EDTMActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL PBR TWTR AMZN M NQ GILD C FB NFLX
October 23, 2014
08:41 EDTMBuild-A-Bear partners with Macy's to open shop-in-shop locations for holidays
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