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Stock Market & Financial Investment News

News Breaks
January 15, 2013
07:08 EDTMCD, PG, SAFM, JCP, FL, KMBRetailers concerned about consumer buying as payroll tax hits, WSJ reports
American workers are opening their first paychecks of the year and finding an unpleasant surprise: The government's take has gone up. That consumers remain tentative threatens to put a drag on economic growth. The effect for companies is that this will likely cement a frugal attitude that led consumers to cut back on eating out and shift to less-expensive store brands, reports the Wall Street Journal.Reference Link
News For PG;KMB;JCP;MCD;FL;SAFM From The Last 14 Days
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February 24, 2015
06:48 EDTJCPPiper reiterates J.C. Penney as top pick for 2015
Piper Jaffray analyst Neely Tamminga reiterates J.C. Penney as a top pick for 2015 ahead of the retailer's year-end 2014 earnings report. Tamminga believes Penny's comp for February, the first month of its fiscal year, could be tracking up 4%. The analyst also thinks Penny management could express conviction in the retailer's plan to recapture share among moderate consumers on Thursday's earnings call. Tamminga has an Overweight rating on Penny with a $12 price target.
06:41 EDTSAFMSanderson Farms reports Q1 Georgia dock price for chickens up 9.2%
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06:40 EDTSAFMSanderson Farms reports Q1 EPS $2.87, consensus $2.99
Reports Q1 revenue $667.4M, consensus $652.44M
February 23, 2015
09:04 EDTKMBKimberly Clark signs agreements to purchase pension annuity contracts
Kimberly-Clark announced it has entered into purchase agreements with The Prudential Insurance Company of America and Massachusetts Mutual Life Insurance Company for group annuity contracts that will transfer payment responsibility for retirement pension benefits owed to approximately 21,000 Kimberly-Clark retirees in the U.S. to the two insurers. By transferring the obligations to Prudential and MassMutual, Kimberly-Clark will reduce its pension projected benefit obligation by approximately $2.5B. Kimberly-Clark expects to make a $400M to $475M contribution to its U.S. pension plan to support this transaction. This contribution will be funded by debt financing and is incremental to the company's previous assumption for 2015 global defined benefit pension plan contributions of up to $100M. As a result of the annuity purchases, Kimberly-Clark expects to recognize a non-cash pension settlement charge of $0.8 billion after tax ($1.3 billion before-tax) in the second quarter of 2015. This charge will be excluded from the company's 2015 adjusted results.
February 22, 2015
15:31 EDTMCDMcDonald's under pressure to raise hourly pay as Wal-Mart sets bar, Reuters says
According to labor experts McDonald's (MCD) and its franchisees may be under pressure to raise hourly wages as the improved economic landscape increases competition for good workers and as retailer Wal-Mart (WMT) raises its hourly pay, says Reuters. Reference Link
February 20, 2015
16:03 EDTMCDOptions Update; February 20, 2015
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09:38 EDTMCDActive equity options trading on open
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February 19, 2015
14:41 EDTJCPJ.C. Penney volatility elevated into Q4 and outlook
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14:38 EDTSAFMGovernment panel continues to recommend lean meat, Bloomberg says
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09:37 EDTPGProcter & Gamble sese core EPS 'meaningfully' improving in 2H
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09:35 EDTMCDOption volume leaders
Option volume leaders: AAPL TSLA TWTR MCD WMT PBR SPWR WFM GILD FB SCTY according to Track Data.
09:21 EDTPGProcter & Gamble repeats FY15 currency neutral core EPS growth view
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09:03 EDTKMBKimberly Clark increases dividend 4.8% to 88cc
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February 18, 2015
16:41 EDTFLFoot Locker approves $220M capital expenditure program for 2015
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16:39 EDTFLFoot Locker raises dividend 14% to 25c, approves $1B share buyback
Foot Locker announced that its board authorized capital allocation initiatives that "simultaneously provide meaningful returns to shareholders and maintain a significant investment in its business operations." The board declared a quarterly cash dividend on the company's common stock of 25c per share, which will be payable on May 1 to shareholders of record on April 17. This dividend declaration represents a 14% increase over the company's previous quarterly per-share amount. The board also approved a new 3-year, $1B common share repurchase program extending through January 2018, replacing the company's previous $600M program. The company spent $305M under the previous program in 2014, and as of yesterday had substantially completed the full program amount, Foot Locker said.
16:32 EDTKMBKimberly Clark CFO Buthman plans to retire at year end, Maria Henry to succeed
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10:00 EDTJCPJ.C. Penney move higher attributed to real estate speculation
The move higher in shares of J.C. Penney (JCP) is being attributed to speculation the company may look to monetize its real estate assets. The speculation seems to be originating from a Jones Lang LaSalle (JLL) employee's webpage showing the retailer as a client. The JLL employee, Stephen Bridges, specializes in "assisting industrial users with the lease, purchase, and sale of real estate." It is not clear when Penny became a client of JLL. Shares of Penny rallied to a high of $8.50, and are trading up 16c to $8.29 in early trading. Reference Link
February 17, 2015
13:03 EDTJCPJ.C. Penney volatility elevated into Q4 and outlook
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07:24 EDTMCDExecutives' Club of Chicago to hold a breakfast meeting
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07:15 EDTPGConsumer Analyst Group of New York (CAGNY) to hold a conference
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