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Stock Market & Financial Investment News

News Breaks
April 17, 2014
13:45 EDTRSHRadioShack falls after report that lender talks complicating turnaround
Electronics retailer RadioShack (RSH) is trading significantly lower today after a report that the company's turnaround efforts are being hampered by discussions with lenders. WHAT'S NEW: According to the Wall Street Journal, RadioShack is in heated talks with its lenders over the company's plan to close as many as 1,100 of its 4,300 U.S. stores. On March 4, RadioShack said that it expects to close up to 1,100 stores in the U.S. RadioShack CEO Joseph C. Magnacca said, "Over the past few months, we have undertaken a comprehensive review of our portfolio from many angles... in order to consolidate our store base into fewer locations while maintaining a strong presence in each market. The result of that review is our plan to close up to 1,100 underperforming stores." WHAT'S NOTABLE: According to the Wall Street Journal report, RadioShack is moving forward with its store closings plan but is currently targeting just 200 stores, while some lenders are pushing for as many as 2,000 closings. PRICE ACTION: RadioShack shares are off by 33c, or almost 20%, to $1.36 in afternoon trading.
News For RSH From The Last 14 Days
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January 22, 2015
17:03 EDTRSHRadioShack receives continued listing standards notice from NYSE
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January 20, 2015
05:49 EDTRSHStocks with implied volatility movement; RSH AMD
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January 15, 2015
18:46 EDTRSHRadioShack delaying rent payments as bankruptcy looms, WSJ reports
RadioShack has withheld paying January rent on some stores as the company struggles to save cash, according to the Wall Street Journal, citing unnamed sources. A RadioShack spokeswoman has declined to comment on the matter. Reference Link
15:33 EDTRSHRadioShack in talks for bankruptcy loan with lenders, Bloomberg says
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09:36 EDTRSHActive equity options trading
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09:15 EDTRSHOn The Fly: Pre-market Movers
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06:27 EDTRSHRadioShack could file for bankruptcy as early as next month, WSJ reports
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January 14, 2015
05:52 EDTRSHStocks with implied volatility movement; RSH ECOM
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