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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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July 30, 2015
17:24 EDTTGTFoot Locker appoints Verma as Chief Information Officer
Foot Locker (FL) announced the appointment of Pawan Verma as SVP and Chief Information Officer, effective August 10. Verma succeeds Peter Brown, who retired in April. Verma joins Foot Locker from Target (TGT), most recently serving as VP, Digital and Marketing Technologies and Services Platforms.
July 28, 2015
18:08 EDTWMTWal-Mart warns suppliers to comply with labeling laws, WSJ reports
Last week, Wal-Mart sent a memo to hundreds of suppliers warning them to comply with labeling laws, noting that the amount inside a package should match what is printed on the outside, the Wall Street Journal reports. Reference Link
14:55 EDTWMTEarnings Watch: MasterCard reports after peers warn of currency headwinds
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July 24, 2015
06:37 EDTTGT, WMTWal-Mart increases offerings in baby category
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July 23, 2015
19:24 EDTWMT, TGTWal-Mart's Apple Pay competitor launching soon, Bloomberg says
CurrentC, the mobile payment application funded by Wal-Mart (WMT), Target (TGT), Best Buy (BBY) and others, will see an early trial run next month, Bloomberg reported earlier, citing three people familiar with the situation. A spokesperson for Lowe's (LOW) said the consortium behind the app expects an official launch in Q3, and Bloomberg noted that CurrentC will compete with more "established" offerings such as Apple's (AAPL) Apple Pay and Google's (GOOG) Android Pay. Reference Link
16:11 EDTPEPStarbucks, PepsiCo enter agreement for Latin America
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05:08 EDTWMTWal-Mart acquires remaining shares of Yihaodian
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July 22, 2015
13:25 EDTWMTWal-Mart to end overnight hours at certain stores, Bloomberg reports
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08:38 EDTTGT, WMTNRF cuts 2015 retail sales growth forecast to 3.5% from 4.1%
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July 21, 2015
16:21 EDTPEPRuby Tuesday appoints David Skena as Chief Marketing Officer
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10:01 EDTPEPOn The Fly: Analyst Initiation Summary
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July 20, 2015
16:39 EDTPEPPepsiCo initiated with a Buy at Sterne Agee CRT
Target $108.
13:46 EDTTGT, WMTAmazon seen eclipsing Macy's as top U.S. clothing retailer
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July 19, 2015
18:13 EDTTGTMacy's considered, rejected sale/lease-backs in past, WSJ says
Macy's (M) executives have considered sale/lease-backs "over the years" and have come to negative conclusions, reports the Wall Street Journal, citing people familiar with the company. The report comes in the wake of Starboard Value pressuring Macy's to spin off its real estate, and sources said the activist investor sees several options, including a REIT, a Hudsonís Bayís-style real estate partnership, a sale/lease-back, or borrowing money against the properties. Separately, a source said Target (T) is still reluctant to relinquish control over its real estate. Reference Link

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