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Stock Market & Financial Investment News

News Breaks
November 29, 2012
16:28 EDTSVU, WLL, BLOX, KR, LQDT, BKS, USNAOn The Fly: Closing Wrap
Stocks on Wall Street withstood some fiscal cliff related volatility to finish in positive territory. Some positive economic data, including better than expected pending home sales and an upward revision to Q3 GDP growth, contributed to the move higher but investors remained on edge and reacted with each new headline coming out of Washington... ECONOMIC EVENTS: In the U.S., weekly jobless claims dropped to 393,000, versus expectations for claims to fall to 390,0000. The Commerce Department revised its estimate for the gain in Q3 GDP to 2.7% from the previously reported 2% gain. Analysts expected growth to be revised to a 2.8% rate. However, within the report, Q3 consumer spending was lowered to a 1.4% growth rate from the 2% gain previously reported. Pending home sales rose 5.2% in October from the prior month, versus expectations for an increase of 1%... COMPANY NEWS: A Bloomberg report said that PE-firm Cerberus Capital Management's planned buyout of SuperValu (SVU) had stalled on financing concerns. Shares of SuperValu dropped sharply following the news, eventually closing down 52c, or 18.57%, at $2.28... A report from the Wall Street Journal said that Whiting Petroleum (WLL) had been exploring a sale but would no longer pursue that alternative. After a midday circuit-breaker halt, shares of Whiting settled down $1.34, or 3.17%, to $40.94... MAJOR MOVERS: Among the notable gainers was Infoblox (BLOX), up $4.12, or 29.53%, to $18.07 after its earnings beat consensus estimates. Also higher were shares of Kroger (KR), up $1.19, or 4.75%, to $26.25 after the company reported earnings and provided guidance that beat Street forecasts. Among noteworthy losers were Liquidity Services (LQDT), down $5.90, or 13.49%, to $37.83, and Barnes & Noble (BKS), down $1.79, or 11.15%, to $14.26, after their earnings reports. Also lower were shares of Usana Health Sciences (USNA), down $2.44, or 5.60%, to $41.17 after a report from short-selling blog Citron Research which said the company is the subject of criminal probes in China... INDICES: The Dow was up 36.71, or 0.28%, to 13,021.82; the Nasdaq was up 20.25, or 0.68%, to 3,012.03; and the S&P 500 was up 6.02, or 0.43%, to 1,415.95.
News For SVU;WLL;BLOX;KR;LQDT;BKS;USNA From The Last 14 Days
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October 1, 2014
16:34 EDTLQDTLiquidity Services announces business realignment, new senior leadership
Liquidity announced it has realigned its workforce in response to the new terms and scope of its DoD Surplus Contract, competitively bid in April, and to adjust for the efficiencies realized in its commercial business through ongoing integration efforts to support the future vision and growth of the company. The realignment includes the reduction of approximately 130 full-time and temporary employees across the organization over the course of FY15. Employee reductions span the organization and include positions related to the support of the DoD surplus business, capital asset and retail supply chain operations, and corporate functions and will result in one-time severance related expenses of approximately $1.2M which will be a further adjustment to Q4 adjusted earnings results. The company also announced that Tom Burton is appointed to EVP, Federal Sector, Gardner Dudley is appointed as the new president, Capital Assets Group, and Roger Gravley is appointed as the new president, GovDeals, succeeding Bob Debardelaben.
September 29, 2014
17:29 EDTSVUSupervalu down 1% after hours following new malware attack, data breach
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17:19 EDTSVUSupervalu discovers different Malware on some of its point of sale systems
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09:52 EDTBLOXInfoblox management to meet with Piper Jaffray
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September 25, 2014
15:17 EDTWLLWhiting Petroleum management to meet with SunTrust
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September 24, 2014
06:33 EDTBLOXInfoblox on path to regain sales momentum, says Piper Jaffray
Piper Jaffray believes Infoblox is a path to regain sales momentum and that its growth should continue to strengthen in FY15. The firm reiterates an Overweight rating on the stock with a $20 price target.
06:17 EDTUSNAUSANA announces endorsement deal with NY Giants running back Rashad Jennings
USANA Health Sciences announces its partnership with New York Giants running back Rashad Jennings who will serve as its newest brand ambassador.
September 22, 2014
07:27 EDTWLLIndependent Petroleum Association of America to hold a conference
IPAA OGIS San Francisco on September 22-24.
September 18, 2014
14:52 EDTKRKroger testing online ordering, pick-up service, Progressive Grocer says
Kroger is testing a "click-and-collect system" in Cincinnati which allows customers to submit their orders online and pick them up at a drive-thru windows, Progressive Grocer reports. The technology that Kroger is utilizing is the same technology that has been deployed by Harris Teeter, a company that Kroger acquired last year. "Harris Teeter has successfully scaled this model in their stores and we are learning a lot from them about it. Our approach with new technologies and systems is to test small and work out the kinks before scaling more widely," said Rachel Betzler, public relations manage for Kroger's Cincinnati division. Reference Link
14:06 EDTKRKroger price target raised to $58 from $55 at Argus
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10:44 EDTKRKroger board raises quarterly dividend by 12% to 18.5c
Kroger's Board raised the quarterly dividend by 12% to 18.5 per share, to be paid on December 1 to shareholders of record as of the close of business on November 14. The company continues to expect an increasing dividend over time.
05:28 EDTBKSBarnes & Noble NOOK Press partners with The Bookseller
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September 17, 2014
15:03 EDTBLOXInfoblox management to meet with Piper Jaffray
Meeting to be held in Boston on September 24 hosted by Piper Jaffray.
11:02 EDTKROptions with decreasing implied volatility
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09:31 EDTKRHouse Committee on Ways & Means to hold a hearing
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