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Stock Market & Financial Investment News

News Breaks
May 7, 2014
06:20 EDTTGT, HSNI, BONT, GPS, LBTarget seeks to find new CEO from outside firm, Bloomberg says
Target's (TGT) board is looking for a new CEO from an outside firm to replace Gregg Steinhafel and potential candidates for the job include HSN Inc. (HSNI) CEO Mindy Grossman, Bon-Ton Stores (BONT) CEO Brendan Hoffman, Gap's (GPS) leader Glenn Murphy and Victoria’s Secret CEO Sharen Turney. Victoria Secret is a L Brands (LB) company. Reference Link
News For TGT;HSNI;BONT;GPS;LB From The Last 14 Days
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July 21, 2014
14:02 EDTGPSGap expands brand to Slovenia and Austria
Gap announced that it will introduce the Gap brand to Slovenia and Austria through agreements with new and existing franchise partners. Magistrat International has been selected for the launch of Slovenia and Gottex, which currently manages the Gap franchise business in Israel and Hungary, will launch Austria. Gap has signed a new agreement with Magistrat International to open three stores for the first time later this year in the capital city of Ljubljana. City Park. All locations are scheduled to open by September this year. Gap will also open its first store in Vienna, Austria this October through an existing relationship with Gottex Brands, which is a part of the Trimera Group.
July 18, 2014
18:12 EDTTGTVisa, MasterCard denied bid to dismiss opt-out swipe fee suits, Bloomberg says
Merchants that opted out of the swipe-fee settlement brought their own suits, which Visa (V) and MasterCard (MA) were not approved to dismiss, Bloomberg reports. Merchants such as Target (TGT) and Macy’s (M) pursued their cases after dropping out of an earlier settlement over swipe fees, Bloomberg added. Reference Link
July 13, 2014
15:54 EDTTGTGameStop, TJX, Staples, three other retailers look cheap, Barron's says
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15:18 EDTHSNIJ.C. Penney CEO successor search faces setback, WSJ says
It appears that J.C. Penney (JCP) is not having an easy time of identifying a successor for current CEO Myron Ullman, says the Wall Street Journal. According to the WSJ report, Mindy Grossman, CEO of HSN (HSNI), who is considered the lead candidate for Ullman's position, had been in talks with J.C. Penney but could not agree on terms and negotiations broke down moths ago. Reference Link
July 11, 2014
09:09 EDTGPSOn The Fly: Pre-market Movers
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