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Stock Market & Financial Investment News

News Breaks
July 31, 2014
07:02 EDTTGT, WMT, PEPTarget names Brian Cornell as chairman and CEO, effective August 12
Target Corporation (TGT) announced that its Board of Directors has named seasoned retail and consumer products veteran Brian Cornell as the companyís next chairman of the Board of Directors and CEO, effective August 12. Cornell joins Target with more than 30 years of experience at some of the nationís leading retail and consumer product companies. As Targetís new CEO, Cornellís top priorities will be accelerating the companyís performance and advancing Targetís omnichannel evolution. Cornell most recently served as the chief executive officer of PepsiCo Americas Foods (PEP) where he oversaw the companyís global food business, the largest of PepsiCoís four divisions. He was responsible for a portfolio that included Frito-Lay North America, Quaker Foods and all of PepsiCoís Latin America food and snack businesses. Before joining PepsiCo in 2012, Cornell served as president and CEO of Samís Club, a division of Wal-Mart Stores (WMT).
News For TGT;PEP;WMT From The Last 14 Days
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February 4, 2016
06:14 EDTWMTWalmart sues Puerto Rico over tax increase, NY Times says
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February 3, 2016
20:02 EDTWMTWal-Mart to build own gas stations going forward, WSJ says
Wal-Mart (WMT) plans to build and operate its own gas stations going forward, though Murphy USA (MUSA) will continue the operate the 1,000-plus stations it has already built near Wal-Mart locations, reports the Wall Street Journal. A Wal-Mart spokesperson told the publication that, when building new stores, the company will add its own gas stations "to as many as possible." Reference Link
February 1, 2016
08:08 EDTWMTMoneyGram, Wal-Mart announce new three-year agreement
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January 29, 2016
11:02 EDTPEPPepsiCo unveils new hospitality venture with launch of Kola House
Pepsi (PEP) announces its plans to launch Kola House, the first experimental kola bar, restaurant, lounge and event space to open in the U.S. market. This first-of-its-kind hospitality venture is set to open its doors in spring 2016, with its flagship location in New York City's Meatpacking District. The flagship location will also serve as an event space for pop culture moments in music, art, style, film, sports and more. Pepsi is leveraging its partnership with Live Nation (LYV) to help build out a special music series, Live at the Kola House, which will serve as tent pole moments throughout its year-long programming. Each of the intimate, stripped down performances will bring fans up-close to the artists both visually and acoustically for the once-in-a-lifetime shows.
06:51 EDTWMTJury says Wal-Mart must by pharmacist $31.22M in gender bias case, Reuters says
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06:07 EDTPEPPepsi making foray into restaurant business with Kola House, NY Times says
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January 26, 2016
09:32 EDTPEPActive equity options trading on open
Active equity options trading on open: FB PEP NFLX PM GM RMBS MSFT GLW AAPL
07:36 EDTPEPMondelez shares should be bought at current levels, says Bernstein
Bernstein says it sees "clear catalysts" that could boost Mondolez's (MDLZ) top and bottom lines. The firm says that the company's margins could expand more than expected in the near-term and reach about 20% by 2020, partly due to product rationalization, an upgrade of its manufacturing base and headcount reductions. The firm thinks the company could combine with PepsiCo (PEP) or be acquired by Kraft-Heinz (HNZ) in 2017. Bernstein identifies the stock as a top pick for 2016.
January 25, 2016
16:49 EDTWMTMurphy USA announces $500M share buyback, shift in Walmart relationship
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