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August 5, 2014
07:30 EDTWMT, PEGIPattern Energy acquires Logan's Gap wind project from Pioneer Green Energy
Pattern Energy Group (PEGI) announced it has acquired the Logan's Gap wind project from Pioneer Green Energy. Logan's Gap is a 200 megawatt wind project to be built in Comanche County, Texas. As the developer of the project, Pioneer Green Energy began work in 2013 and executed a 10-year power purchase agreement with Wal-Mart Stores (WMT) for approximately 60% of the project's expected production. Pattern Development expects to arrange financing for and start full construction of the project in the Q4. The project is located in ERCOT's North Zone and will connect to Oncor's 138kV Comanche‐Zephyr line, which crosses the project site and supplies power to the Dallas‐Fort Worth area. The project is expected to begin commercial operation in late 2015.
News For PEGI;WMT From The Last 14 Days
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October 9, 2015
11:08 EDTWMTWal-Mart U.S. appoints Steve Bratspies to Chief Merchandising Officer
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09:21 EDTWMTWal-Mart CFO Charles Holley to retire, Brett Biggs to take place
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05:40 EDTWMTChina Resources unit to sell Wal-Mart store stakes for $525M, Reuters reports
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October 7, 2015
06:42 EDTWMTWal-Mart price target lowered to $70 from $76 at Deutsche Bank
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October 6, 2015
11:51 EDTWMTWal-Mart, Visa in talks to end $5B processing fees suit, Bloomberg says
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October 5, 2015
07:09 EDTPEGIPattern Energy outlook positive, says RBC Capital
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October 2, 2015
11:32 EDTWMTAnalyst sees Amazon becoming #2 player in $425B consumables market
Amazon (AMZN) will advance to the number two position in the $425B U.S. consumables market, excluding food and beverages, by 2018, research firm Cowen predicted in a note to investors today. WHAT'S NEW: Amazon's "multi platform approach around Prime" is enabling it to gain share in the U.S. market for goods including personal care, household, pet and baby products, Cowen analyst John Blackledge stated. Specifically, the e-commerce giant is effectively using its Amazon Prime, Amazon Prime Now, Amazon Pantry and Amazon Fresh offerings to sell consumables and it has significantly increased the number of fulfillment centers it operates, lowering its delivery times, according to Blackledge. The company's delivery times are now "well ahead of (the) competition," the analyst reported. The e-commerce giant's strategy in the consumables market appears to be working, as Cowen's proprietary data indicates that the company is gaining share in the category, Blackledge wrote. Additionally, Amazon is beginning to attract more customers from Wal-Mart (WMT) and Target (TGT), he believes. PRICE ACTION: In late morning trading, Amazon slipped 0.4% to $518.70.
10:15 EDTWMTWal-mart to cut 450 jobs at Atlanta headquarters, Reuters reports
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08:21 EDTWMTAmazon to be number two player in U.S. consumables by 2018, says Cowen
John Blackledge and the research team at Cowen project that (AMZN) will grow to be the number two player in the $425B market for U.S. consumables - which they define as personal care, household, pet and baby products - by 2018. The firm expects Amazon to use its multi-platform approach, centered around Prime, to help the e-commerce giant gain share in consumables at the expense of Wal-Mart (WMT), Target (TGT), Walgreens (WBA) and CVS Health (CVS). Cowen has Outperform ratings on Amazon and Target and a Market Perform rating on shares of Wal-Mart.
06:51 EDTWMTWal-Mart Chile eyes shopping center chain sale, Reuters says
Wal-Mart Chile is eyeing a sale of its chain of shopping centers in an effort to focus on its larger supermarket operations in Chile, Reuters reports. The plan would involve the sale of 10 "Espacio Urbano" centers throughout the country, totaling roughly 250,000 square meets, the report says. Reference Link
October 1, 2015
10:37 EDTWMTBofA/Merrill's Top 10 US Ideas for Q4 2015
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08:10 EDTWMTAmerican Express cards now accepted at Sam's Club
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06:16 EDTWMTWal-Mart to lay off hundreds of employees at Arkansas headquarters, Reuters says
Wal-Mart plans to cut hundreds of jobs at its headquarters in Arkansas in an effort to pare costs, Reuters reports, citing people familiar with the matter. Fewer than 500 employees are expected to have their employment terminated and an announcement could come as early as Friday, the report says. Reference Link
September 29, 2015
07:11 EDTWMTWal-Mart expands pick-up service to new markets, Fortune says
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September 28, 2015
07:02 EDTPEGIPattern Energy's 200 MW Logan's Gap wind facility starts operation
Pattern Energy announced that its 200 megawatt Logan's Gap Wind facility in Comanche County, Texas, has completed construction and is fully operational. Pattern Energy has an owned interest of 164 MW in the facility and four institutional tax equity investors have acquired the balance. The facility is financed with all equity rather than project debt. The facility will sell 75% of the electricity produced to Walmart and a financial institution. Walmart has a 10-year power purchase agreement to acquire 58% of the expected output from the facility. Seventeen percent of the expected output will be sold under a 13-year fixed price agreement with a A-/Baa2-rated financial institution. The remaining 25% of expected output will be sold at ERCOT spot market prices. An average of 250 workers were on site during construction with up to 550 workers on site during peak activity. There are 12 full-time permanent workers to operate and maintain the facility. Consisting of 87 Siemens 2.3 MW wind turbines, with a total capacity of 200 MW, Logan's Gap Wind will create enough clean energy to power 50,000 homes in Texas each year, according to average annual residential energy use data from the U.S. Energy Information Administration.
06:42 EDTWMTPerfume makers look to Wal-Mart, Target, WSJ reports
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