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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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December 16, 2014
10:53 EDTRSHRadioShack hires FTI Consulting for interim management services
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December 12, 2014
16:25 EDTRSHRadioShack files to sell 150,000 convertible preferred shares
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December 11, 2014
09:31 EDTRSHRadioShack says faces 'signficant challenges' from some lenders on restructuring
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09:24 EDTRSHRadioShack says working to reduce mobile chargebacks
RadioShack says it is changing its incentives to motivate its sales force.
09:16 EDTRSHOn The Fly: Pre-market Movers
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09:13 EDTRSHRadioShack sees bringing marketing spending more in line with peers
RadioShack says marketing spending was curtailed during quarter with no visible impact on store results. Comments from Q3 earnings conference call.
07:04 EDTRSHRadioShack said it began cost reduction initiatives to enhance earnings by $400M
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07:03 EDTRSHRadioShack reports Thanksgiving holiday US retail comparable store sales up 35%
Reports Thanksgiving holiday US mobility comparable sales down 27%.
07:02 EDTRSHRadioShack: Retail segment comparable store sales down 2%
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07:01 EDTRSHRadioShack reports Q3 EPS ($1.58), consensus ($1.04)
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December 10, 2014
15:25 EDTRSHNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Lululemon (LULU), consensus 38c; RadioShack (RSH), consensus ($1.04); Ciena (CIEN), consensus 13c; Methode Electronics (MEI), consensus 55c.
10:24 EDTRSHSprint retreats after Oppenheimer cuts rating to Underperform amid price war
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09:12 EDTRSHRadioShack threatens bankruptcy if cell phone deals not reworked, NY Post says
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December 8, 2014
07:51 EDTRSHRadioShack denies claims of default under $250M credit agreement
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December 7, 2014
17:43 EDTRSHRadioShack looks to amend terms of loan from Salus, Bloomberg says
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December 5, 2014
08:47 EDTRSHRadioShack ending 401(k) matching as part of cuts, Bloomberg reports
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