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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.
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July 18, 2014
18:12 EDTMVisa, MasterCard denied bid to dismiss opt-out swipe fee suits, Bloomberg says
Merchants that opted out of the swipe-fee settlement brought their own suits, which Visa (V) and MasterCard (MA) were not approved to dismiss, Bloomberg reports. Merchants such as Target (TGT) and Macy’s (M) pursued their cases after dropping out of an earlier settlement over swipe fees, Bloomberg added. Reference Link

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