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Stock Market & Financial Investment News

News Breaks
November 28, 2012
10:02 EDTWINN, TSN, WFM, SWY, HRL, CMG, WMT, SFDVarious chemicals, bacteria, and pathogens found in pork, Consumer Reports says
Analysis of ground-pork and pork chop from various agricultural companies and supermarkets showed that the bacteria yersinia enterocolitica, which can cause fever, diarrhea, and abdominal pain, was rampant. In addition, antibiotics are widely given to animals to promote growth and stave off infection and disease, leading to a mutation of certain bacteria, explains Consumer Reports. Reference Link
News For SFD;HRL;TSN;WMT;SWY;WINN;CMG;WFM From The Last 14 Days
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September 2, 2015
19:00 EDTWMTWal-Mart to reopen five stores after claims of worker retaliation, Reuters says
Wal-Mart plans to reopen five U.S. stores after being accused by the UFCW union of closing the locations in retaliation against workers trying to organize, reports Reuters, citing spokesperson statements. The company will push former employees of the stores to reapply, said the spokesperson. Reference Link
September 1, 2015
18:01 EDTWFMTarget to serve alcohol in Chicago store, Fortune says
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09:02 EDTCMGChipotle announces partnership with Tapingo
Chipotle Mexican Grill announced a new partnership with Tapingo, a mobile commerce app that saves college students time by providing food pickup and delivery, Chipotle will be available for delivery through Tapingo at 40 college campuses nationwide this fall, and at more than 100 campuses by spring 2016.
August 31, 2015
18:14 EDTCMGChipotle accused of false advertising over GMO-free menu claims, Reuters says
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09:51 EDTWMTWal-Mart reduces worker hours to cut costs, Bloomberg reports
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August 28, 2015
17:47 EDTWFMWhole Foods shares look cheap, Barron's reports
With its shares down about 50% from all-time highs, Whole Foods looks cheap, Barron's reports. On average over the past five years, the shares have been twice as expensive as the S&P 500 relative to earnings, but now that premium is only about 20%, and the stock could return 20% in a year, Barron's added. Reference Link
August 27, 2015
19:53 EDTTSNMcDonald's, Tyson Foods drop T&S Farm after animal cruelty video, Reuters says
McDonald's (MCD) and Tyson Foods (TSN) terminated a contract with T&S Farm after animal rights activists shot an undercover video showing farm workers engaging in "unacceptable animal treatment", reports Reuters citing Tyson spokesman Worth Sparkman and a statement from McDonald's. Reference Link
06:23 EDTWMTWal-Mart extends holiday layaway program two weeks, Reuters reports
Wal-Mart (WMT) plans to boost its holiday layaway program by two weeks ahead of an expected year-end demand for Star Wars toys, a Disney (DIS) property, Reuters reports. The retailer will jumpstart the program on August 28, two weeks earlier than last year, the report says, citing comments from Anne Marie Kehoe, VP of toys at Wal-Mart. Reference Link
August 26, 2015
19:54 EDTTSNJudge overturns roughly $24M in damages against Tyson Foods, Reuters says
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14:52 EDTWMTWal-Mart phasing out sales of modern sport rifles, Washington Post says
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August 24, 2015
18:02 EDTWFMS&P 500 enters correction territory amid global growth concerns
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09:03 EDTCMGChipotle price target raised to $740 from $620 at Wedbush
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09:00 EDTCMGChipotle to hire 4,000 people on a single day on September 9
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06:36 EDTCMGChipotle to hire 4,000 employees in one day next month, WSJ reports
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August 21, 2015
16:34 EDTWMTMarket enters correction territory in worst week in four years
For the week, stocks plummeted amid concerns about a slowing Chinese economy and declining oil prices. MACRO NEWS: Monday, the Empire State manufacturing index crashed to -14.92 in August after rebounding to 3.86 in July from June's -1.98. The consensus estimate was 4.75, and the surprising drop puts the index at its lowest point since April 2009... Meanwhile, the NAHB homebuilder sentiment index rose to 61 in August from 60 in June, matching consensus estimates... Tuesday, July housing starts edged up 0.2% to 1.206M, beating consensus estimates for 1.180M in the best reading since October 2007. Building permits, however, fell 16.3% to 1.119M against expectations for 1.230M, while single family starts rose 12.8% and multifamily numbers fell 17.0%... Wednesday, the July consumer price index edged up 0.1% against expectations for 0.2% reading. The core reading, which excludes food and energy, also came in at 0.1% versus consensus estimates of 0.2%... Meanwhile, FOMC minutes showed no definitive indication of a September rate hike... Thursday, initial jobless claims rose to 277,000 from a revised 273,000, bringing the 4-week moving average to 271,500... The Philadelphia Fed index rose 2.6 points to 8.3 in August, beating expectations for a 7.5 reading... Friday, the PMI Manufacturing Index Flash for August came in at a level of 52.9, below the prior level of 53.8 and the consensus level of 54.2. COMPANY NEWS: Monday, Liberty Interactive (QVCA) announced an agreement to acquire zulily (ZU) for $18.75 per share in a deal valuing the online shopping site at $2.4B. The acquisition will be attributed to Liberty's QVC tracking stock, though the companies specified that QVC and zulily will operate as separate brands... Amazon (AMZN) founder and CEO Jeff Bezos downplayed a recent New York Times critique of the company's workplace practices, telling employees in an email that "the article doesn't describe the Amazon I know or the caring Amazonians I work with every day..." Tuesday, Wal-Mart (WMT) cut its full year earnings outlook, with company executives on a subsequent conference call expressing confidence in China but noting that Brazil and U.K. remain challenging markets for the company... Wednesday, Seagate Technology (STX) agreed to acquire Dot Hill Systems (HILL) for $9.75 per share, noting that it expects the deal to be non-GAAP EPS accretive in fiscal 2016... Thursday, Valeant (VRX) agreed to acquire Sprout Pharmaceuticals for roughly $1B in cash plus a profit-sharing agreement, adding that it expects to bring the company's recently-approved female sexual dysfunction drug Addyi to the U.S. by Q4... Friday, Steiner Leisure (STNR) entered into a definitive merger agreement where an affiliate of Catterton will acquire all of the outstanding shares of Steiner for $65 per share in cash. INDEXES: For the week, the Dow lost about 5.79% to close at 16,459.75, the Nasdaq declined about 6.71% to close at 4,706.04, and the S&P 500 fell about 5.73% to close at 1,970.89.
August 20, 2015
19:53 EDTWFM, TSNRetailers, others question heightened fees at Port of Oakland, WSJ says
After the Port of Oakland said it is considering implementing additional fees, the Retail Industry Leaders Association told the Federal Maritime Commission that it is "troubled" due to the lack of details regarding the fees, according to the Wall Street Journal. The retailer group also questioned the general effectiveness of such a program, and the Agriculture Transportation Coalition echoed the criticism, said the report. Note that executives from Lowe's (LOW), Best Buy (BBY), Target (TGT), Coca-Cola (KO), J.C. Penney (JCP), Tyson Foods (TSN), SunOpta (STKL), and Whole Foods (WFM) serve on the boards of the aforementioned associations. Reference Link
12:43 EDTHRLHormel Foods rallies after Deutsche Bank upgrade
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10:52 EDTWFMWhole Foods calls active
Whole Foods August 33 and 33.5 calls are active on total call volume of 4K contracts (3K puts) on the subject of takeover chatter. August call option implied volatility is at 32, August weekly is at 27, September is at 28; compared to its 52-week range of 17 to 43. Active call volume suggests traders taking positions for large near term price movement.
10:00 EDTHRLOn The Fly: Analyst Upgrade Summary
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06:12 EDTHRLHormel Foods upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Mario Contreras upgraded Hormel Foods to Buy following the company's Q3 results and raised his price target for shares to $66 from $59. Contreras is positive on the Muscle Milk cost savings and views the valuation as attractive at current levels.
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