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Stock Market & Financial Investment News

News Breaks
January 3, 2013
08:11 EDTGGP, MMacy'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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January 28, 2015
16:17 EDTGGPGeneral Growth sees FY15 Same Store NOI up 4.5%
16:17 EDTGGPGeneral Growth sees Q1 Same Store NOI up 4%
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16:17 EDTGGPGeneral Growth sees FY15 FFO $1.40-$1.46, consensus $1.44
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16:16 EDTGGPGeneral Growth sees Q1 FFO 31c-33c, consensus 32c
16:16 EDTGGPGeneral Growth reports Q4 FFO 38c, consensus 38c
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15:37 EDTGGPNotable companies reporting after market close
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January 23, 2015
09:02 EDTMMacy's Sacramento fulfillment center to relocate to larger facility
Macy’s announced it plans to relocate its West Sacramento, CA, direct-to-consumer fulfillment center to a larger facility in a nearby location in Sacramento County to support continued sales growth driven by Macy’s omnichannel strategy. Contingent on approvals by the Sacramento County Board of Supervisors, Macy’s will begin operations in summer 2015 at a 385,000-square-foot facility at 6200 Franklin St., creating approximately 100 new jobs. The current 92,000-square-foot fulfillment center is located about 10 miles away at 3919 Channel Drive in West Sacramento. The current workforce of 72 associates is planned to grow to more than 175 after the move. Macy’s multi-million-dollar upgrade to the new fulfillment center will include building modifications and the latest technology in material handling equipment and warehouse management systems.
January 22, 2015
05:49 EDTGGPStocks with implied volatility movement; SYY GGP
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January 21, 2015
12:12 EDTMBest Buy, home retailers seen getting biggest bump from Sears demise
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06:59 EDTMMacy's sues Strategic Marks in brand dispute, NY Post says
Macy's is suing Strategic Marks after the company attempted to acquire certain Macy's brand names, including Abraham & Straus, Marshall Field’s, and Filene’s, reports the New York Post. Strategic Marks laid claim to the "dormant" brands, saying Macy's acquired then abandoned them in order to eliminate regional competition, and trial is set for March 2. The Post notes that Strategic is readying "its own launch of new merchandise and pop-up stores." Reference Link
06:52 EDTMMacy's sues Strategic Marks in brand dispute, NY Post says
Macy's is suing Strategic Marks after the company attempted to acquire certain Macy's brand names, including Abraham & Straus, Marshall Field's, and Filene's, reports the New York Post. Strategic Marks laid claim to the "dormant" brands, saying Macy's acquired then abandoned them in order to eliminate regional competition, and trial is set for March 2. The Post notes that Strategic is readying "its own launch of new merchandise and pop-up stores." Reference Link
January 20, 2015
09:44 EDTMSupreme Court denies appeal of 'swipe fee' ruling, Reuters reports
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07:26 EDTGGPGeneral Growth initiated with an Outperform at Cowen
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January 16, 2015
10:06 EDTGGPBofA/Merrill real estate analysts to hold an analyst/industry conference call
U.S. Real Estate Analyst Spector, along with EMEA Real State Analyst Bessell, HK/China Real Estate Analyst Ngai and ASEAN Real Estate Analyst Chua, discuss key trends in Global Property/Real Estate in 2015 on an Analyst/Industry conference call to be held on January 20 at 8 am.

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