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Stock Market & Financial Investment News

News Breaks
April 4, 2013
05:58 EDTCLX, PG, CHD, WMT, COSTLaundry soap sales shrink as pods emerge, WSJ reports
The laundry soap business is shrinking as premeasured pod detergents from Procter & Gamble (PG) and others stop consumers from over usage, reports the Wall Street Journal. Total U.S. sales of laundry detergents slid 2.1% in the 12 months to March, according to market-information firm Nielsen, whose data excludes sales from Costco (COST) and some other retailers.Detergent sales are down 5.1% in dollar terms, to $7.06B from $7.44B.Reference Link
News For PG;COST;CHD;CLX;WMT From The Last 14 Days
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May 18, 2015
14:35 EDTWMTWal-Mart technical comments ahead of results
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14:04 EDTWMTEarnings Watch: Wal-Mart sees Q1 EPS 95c-$1.10, U.S. SSS up 1%-2%
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08:52 EDTPGProcter & Gamble removed from US Focus List at Credit Suisse
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07:46 EDTCOSTAmerican Express has $850M revenue opportunity with Plenti, says Deutsche Bank
Deutsche Bank estimates the coalition loyalty/rewards program Plenti represents a $750M-$850M annual revenue opportunity for American Express (AXP) over the next 3-5 years. Earnings accretion will take time, but returns on equity are likely "very high," Deutsche says in a research note. The firm believes Plenti is an example of how Amex is leveraging its strengths to mitigate the loss of Costco (COST). It thinks Plenti's next program supplier needs to be a grocery chain, and pegs Whole Foods (WFM) as a good candidate. Deutsche keeps a Buy rating on American Express with a $90 price target.
07:21 EDTWMTWal-Mart Q1 should benefit from lower gas, stronger consumer, says Stephens
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06:30 EDTWMTWal-Mart to repair stores in labor dispute, Reuters reports
Wal-Mart said it would seek permits to rip up floors and replace plumping lines at five stores that justified its abrupt closure, reports Reuters. The move follows a union-backed complaint to the National Labor Relations Board last month after Wal-Mart temporarily closed the stores. The union accused the company for shutting down the stores to stop workers from organizing. Reference Link
May 15, 2015
08:36 EDTCLXClorox chairman Donald Knauss to retire July 1
Clorox announced that executive chairman Donald Knauss has decided to retire from the company and the board. The company and the board have accepted his resignation, effective July 1. The board of directors also has appointed George Harad as independent chair of the board, effective July 1. Matschullat will become chair of the nominating and governance committee, effective immediately, and Jeffrey Noddle will become chair of the management development and compensation committee, effective July 1.
07:38 EDTPGP&G fighting lawsuits over laundry-pod poisonings, WSJ reports
Procter & Gamble (PG), which has a commanding spot in the laundry-pod market and has put the products at the center of its laundry strategy, is defending itself against several lawsuits alleging injuries from the products, reported The Wall Street Journal. The Journal noted it reviewed data showing that at least seven people, including four last year and one earlier this year, have died after biting into laundry-pods. A P&G spokesman said there are indications that the rate of accidents relative to the number of pods sold is declining since 2012, when the products were first introduced in the U.S. Reference Link
May 14, 2015
08:55 EDTCOSTBaird says any near-term weakness in Costco a buying opportunity
Baird trimmed its estimates ahead of Costco's Q3 results, but recommended investors use any near-term weakness as a buying opportunity. The firm believes Street sales estimates look aggressive and as a results would not be surprised if the company's streak of three consecutive earnings beats does not continue. However, Baird reiterated its Outperform rating and $165 price target on Costco shares.
07:58 EDTWMTWal-Mart risk/reward favorable into Q1 results, says Baird
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May 13, 2015
18:09 EDTWMTWal-Mart to launch $50 unlimited shipping service in summer, AP says
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13:28 EDTWMTWal-Mart set to launch Amazon Prime rival, The Information reports
Wal-Mart (WMT) is nearing the launch of a subscription fast-shipping service that will compete with Amazon Prime (AMZN), Amir Efrati of The Information reports, citing people involved with or briefed on the product. The service is an attempt to boost Wal-Mart's online business and should launch in the next few weeks after being pushed back for technical and other issues, Efrati adds. Shares of Amazon are down $2.63 to $428.39 in afternoon trading while Wal-Mart is down 66c to $78.30. Reference Link
13:23 EDTWMTWal-Mart set to launch rival to Amazon Prime, The Information reports
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07:06 EDTWMTAlibaba, Wal-Mart partner on consumer payments, China Daily reports
Alibaba (BABA) announced that it would partner with Wal-Mart (WMT) in China on consumer bill payments, according to China Daily. Under the deal, 25 Wal-Mart stores in the city of Shenzhen will enable consumers to pay their bills through Alibaba's payment service, and the arrangement will be gradually expanded to all of Wal-Mart's stores in China, the newspaper stated. Reference Link
May 12, 2015
09:14 EDTWMTApps World to hold a conference
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08:27 EDTCOST, WMTU.S. Chamber of Commerce to hold a summit
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05:18 EDTCLXClorox raises quarterly dividend 4% to 77c per share from 74c per share
Clorox announced that its board increased the quarterly cash dividend on the company's common stock by 4%, from 74c to 77c per share. The dividend will be payable on Aug. 7, to stockholders of record as of July 22.
May 10, 2015
20:07 EDTPGCVC, Advent prepare bids for Procter & Gamble haircare unit, Sunday Times says
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14:12 EDTWMTWhole Foods stock unlikely to outperform in near-term, Barron's says
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May 8, 2015
06:02 EDTWMTWal-Mart expects to invest C$350M in Canadian market
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