New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 31, 2014
12:58 EDTTGT, PEP, WMTAnalysts applaud Target CEO selection
Two analysts applauded Target's (TGT) decision to hire former Wal-Mart (WMT) and PepsiCo (PEP) executive Brian Cornell as its new CEO. WHAT'S NEW: Target announced that it had tapped Cornell, a former CEO of Wal-Mart's Sam's Club unit, as its new CEO, effective August 12. Cornell's most recent position was at Pepsi, where he served as the CEO of the company's PepsiCo Americas Foods unit. He has had more than 30 years of experience at some of the nationís leading retail and consumer product companies, Target added. ANALYST REACTION: Janney Capital analyst David Strasser praised Target's decision to hire Cornell. During Cornell's tenure at Wal-Mart, he was taking Sam's Club in a positive direction, the analyst believes. Over the course of the three years during which Cornell led Sam's Club, the division's comparative sales growth increased to mid single digit percentage levels from low single digit percentage levels and he was thought of as a solid leader, according to Strasser. Cornell has has "the right mix and background" to lead Target, added the analyst, who nonetheless kept a Neutral rating on the shares. Similarly, Peter Benedict, an analyst at research firm Robert W. Baird, called Cornell "a talented and well-respected leader." Cornell emphasized merchandise quality, space productivity, and labor/operational efficiencies while he was at the helm of Sam's Club, Benedict stated. Sam's Club's membership trends accelerated when Cornell was CEO there, Benedict reported. The analyst also kept a Neutral rating on Target's shares. Meanwhile, another research firm, Cowen, upgraded Target to Market Perform from Underperform, citing Cornell's hiring. PRICE ACTION: In early afternoon trading, Target fell 2% to $60.18.
News For TGT;WMT;PEP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
March 26, 2015
09:02 EDTWMT, TGTSamsung Galaxy S6, S6 edge to be available in U.S. beginning April 10
Samsung Electronics America (SSNLF) announced the Galaxy S 6 and Galaxy S 6 edge will be available in the U.S. beginning April 10, with pre-orders starting March 27. In the U.S., the Galaxy S 6 and Galaxy S 6 edge will be available in Black Sapphire, White Pearl and Gold Platinum -- in 32GB, 64GB and 128GB2 memory options. AT&T (T), Sprint (S), T-Mobile (TMUS), U.S. Cellular (USM) and Verizon Wireless (VZ) will carry both the Galaxy S 6 and Galaxy S 6 edge, while Boost Mobile, Cricket Wireless and MetroPCS will carry the Galaxy S 6. Samsung Experience Shops at Best Buy (BBY), as well as Amazon.com (AMZN), Costco Wholesale (COST), Samís Club (WMT), Target (TGT) and Walmart will also carry the Galaxy S 6 and Galaxy S 6 edge. Carriers and retailers will confirm specific pricing and availability.
08:08 EDTWMTStratasys' MakerBot expands 3D printer sales to Sam's Club locations
MakerBot (SSYS) says it recently started selling the MakerBot Replicator Mini Compact 3D Printer at more than 300 Samís Club (WMT) retail locations across the United States.
07:25 EDTPEPThe Economist to hold a forum
Subscribe for More Information
March 23, 2015
07:04 EDTPEPPepsiCo elects former Dallas Fed president Richard Fisher to board
Subscribe for More Information
06:57 EDTWMTWal-Mart, Trinity church courtcase scheduled for April 8, WSJ says
A U.S. appeals court on April 8 will decide whether Wal-Mart shareholder Trinity church can force the company to hold a shareholder vote on gun sales, reports the Wall Street Journal. Wal-Mart maintains that what it chooses to sell in its stores is a matter of "regular business" and is not subject to shareholder review. Cornell law professor Lynn Stout and three dozen of her peers have submitted friend of the court briefs to support Trinity, which won an initial case against Wal-Mart in November. Reference Link
March 22, 2015
18:22 EDTWMTWal-Mart shareholders allowed to vote for independent chairman, Reuters says
Subscribe for More Information
March 19, 2015
07:17 EDTTGTStephens to hold a conference
Subscribe for More Information
06:36 EDTTGTTarget settles class action lawsuit over data breach, Reuters reports
Target agreed to pay $10M to settle a class action lawsuit related to its 2013 data breach, according to Reuters. Under the settlement, which must be approved by a federal judge, the retailer also agreed to implement data security measures, including hiring a chief information security officer, the news service stated. Reference Link
06:28 EDTWMTWal-Mart's Walmex unit to expand more slowly this year, Reuters reports
Subscribe for More Information
March 18, 2015
17:42 EDTTGTTarget to increase minimum wage paid to $9 per hour in April, WSJ says
Subscribe for More Information
15:56 EDTTGTTarget to increase minimum wage paid to $9 per hour in April, Dow Jones says
Subscribe for More Information
12:26 EDTTGTTarget unveils extended one-year return policy
Subscribe for More Information
10:31 EDTPEPPepsiCo's valuation low vs. peers, says Credit Suisse
Subscribe for More Information
09:36 EDTWMTActive equity options trading on open
Subscribe for More Information
March 17, 2015
09:05 EDTTGTMicrosoft Band now available at Best Buy, Target, Amazon, Re/code reports
Subscribe for More Information
06:01 EDTPEPPepsiCo implied volatility of 21 at upper end of index
March 16, 2015
11:02 EDTPEPLive Nation enters multi-year strategic marketing alliance with PepsiCo
Subscribe for More Information
10:28 EDTPEPOptions with increasing implied volatility
Options with increasing implied volatility: PVA NFLX BMRN DNOW MYL TEVA PEP GE
06:16 EDTWMTWal-Mart to sell Tide rival Persil in stores, WSJ reports
Subscribe for More Information
March 15, 2015
17:57 EDTPEPPepsiCo to invest $500M in Egypt in 2015, Reuters says
PepsiCo's business unit manager for North East Africa Ahmed El Sheikh told Reuters at an investment conference in Sharm El-Sheikhwill that the company will invest $500M in Egypt this year to expand production. Reference Link
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use