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Stock Market & Financial Investment News

News Breaks
February 21, 2013
13:09 EDTSWY, KR, HTSI, TFMSupermarket stocks climb after Safeway's results beat expectations
A number of supermarket stocks are climbing after supermarket chain Safeway (SWY) reported fourth quarter earnings per share, or EPS, that surpassed analysts' consensus estimate by a wide margin. The company's revenue, meanwhile, came in slightly higher than expected. Safeway's same-store sales rose 0.8% compared with the fourth quarter of 2011. In the first eight weeks of the current quarter, the company's same-store sales will be up 2% if the current week ends as expected, Safeway's CEO said on the company's conference call. Safeway's operating profit margin, however, inched up just 0.1 percentage points in the fourth quarter. In early afternoon trading, Kroger (KR) rallied 4% to $29, Harris Teeter (HTSI) advanced 1.50% to $42, The Fresh Market (TFM) climbed 2% to $48.80, and Safeway rallied 13.50% to $23.
News For SWY;KR;HTSI;TFM From The Last 14 Days
Check below for free stories on SWY;KR;HTSI;TFM the last two weeks.
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April 18, 2014
13:28 EDTKRKroger announces agreements with UFCW Local 1996
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April 15, 2014
10:00 EDTSWYSafeway falls 9.9%
Safeway is down 9.9%, or $3.78, to $34.23
April 14, 2014
19:32 EDTSWYBlackhawk completes spin-off from Safeway
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16:07 EDTSWYSafeway completes spin-off of Blackhawk Network Holdings
Safeway completed the distribution to its stockholders of 37,838,709 shares of Class B common stock of Blackhawk Networks Holdings owned by Safeway. After the completion of the distribution, Safeway no longer owns any shares of Class B common stock of Blackhawk. The distribution by Safeway was made in the form of a pro rata common stock dividend, of its Class B common stock equity interest in Blackhawk to all Safeway stockholders of record on April 3. Safeway stockholders have received 0.164291 of a share of Blackhawk Class B common stock, in book-entry form, for every share of Safeway common stock held as of the close of business on April 3. No fractional shares of Blackhawk Class B common stock were distributed. Instead, Safeway stockholders will receive cash in lieu of any fraction of a share of Blackhawk Class B common stock that they otherwise would have received. Starting on April 15, the when-issued market for Safeway common stock on the New York Stock Exchange, previously trading under the symbol "SWYWI" or "SWY-WI" on certain websites, will no longer be available and the "regular way" market for Safeway will be trading "ex" or, in other words, without the entitlement of the shares of Blackhawk Class B common stock.
April 10, 2014
16:09 EDTSWYSafeway announces receipt of second request from FTC
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06:25 EDTTFMCompetition, overexpansion hurting Whole Foods competitors, WSJ reports
Sales growth at specialty-grocery chains like Fairway (FWM), Sprouts (SFM) and Fresh Market (TFM), which feature natural and organic foods, has been hurt by competition and mistakes like overexpansion, the Wall Street Journal reports. These companies compete with Whole Foods (WFM). Reference Link
April 8, 2014
16:05 EDTSWYSafeway holders to get 0.164291 Blackhawk Class B shares for each Safeway share
Safeway (SWY) announced the final distribution ratio for the previously announced special stock dividend to its stockholders of all of the shares of Class B common stock of Blackhawk Network (HAWK) held by Safeway. Safeway stockholders will receive 0.164291 of a share of Blackhawk Class B common stock for every share of Safeway common stock held as of the close of business on April 3. The distribution will be made on April 14 in the form of a pro rata distribution of all of the 37,838,709 shares of Class B common stock of Blackhawk owned by Safeway to all Safeway stockholders of record on the record date. No fractional shares of Blackhawk Class B common stock will be distributed. Instead, Safeway stockholders will receive cash in lieu of any fraction of a share of Blackhawk Class B common stock that they otherwise would have received.
April 7, 2014
17:01 EDTTFMWhole Foods price target raised to $70 from $62 at UBS
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06:28 EDTSWYStocks with implied volatility below IV index mean; SWY JCP
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06:08 EDTKRKroger price target raised to $50 from $46 at Deutsche Bank
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