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Stock Market & Financial Investment News

News Breaks
May 8, 2014
07:29 EDTTGT, EBAY, CNW, UPSU.S. Chamber of Commerce to hold a summit
Global Supply Chain Summit is being held in Washington, D.C. on May 8.
News For UPS;EBAY;TGT;CNW From The Last 14 Days
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September 3, 2015
10:53 EDTEBAYBattleground: Analysts clash on PayPal outlook after Ebay spinoff
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10:03 EDTEBAYOn The Fly: Analyst Upgrade Summary
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09:54 EDTEBAYeBay moves higher, levels to watch
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09:43 EDTTGTFly Watch: 'Force Friday' seen awakening shares of Disney, Hasbro
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07:16 EDTEBAYeBay upgraded to Neutral from Underweight at Piper Jaffray
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September 1, 2015
18:01 EDTTGTTarget to serve alcohol in Chicago store, Fortune says
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11:45 EDTTGTTarget cuts nearly 240 tech-related jobs in Twin Cities, Star Tribune says
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10:56 EDTEBAYRBC Capital to hold a bus tour
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06:44 EDTEBAYStubHub reverses course on 'all-in' pricing, WSJ reports
StubHub, a unit of eBay, is returning to its old system of adding 15%-17% to its ticket fees, shifting from its "all-in" pricing platform, the Wall Street Journal reports. StubHub's market share has declined heavily due to negative reaction to the pricing change as well as a new crop of competitors, the report says. Reference Link
06:06 EDTCNWMenlo Logistics announces partnership with Prologis
Menlo Logistics, a subsidiary of Con-way (CNW), announced a build-to-suit agreement with Prologis (PLD) for a new 70,000-square-meter regional logistics facility in Eindhoven, the Netherlands. The facility will be located at the Acht industrial park in Eindhoven, adjacent to the A2/N2 Eindhoven ring road, which offers direct access to Belgium and Germany, as well as Amsterdam to the north.
August 30, 2015
14:34 EDTEBAYPayPal shares could gain 40% as e-commerce grows, Barron's says
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August 27, 2015
16:41 EDTUPSUPS, Cargojet enter long-term air cargo services agreement
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August 25, 2015
16:01 EDTTGTTarget sees $550M pretax gain after closing CVS transaction
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August 24, 2015
15:01 EDTTGTWyndham slips after FTC given go-ahead for data breach lawsuit
Shares of Wyndham (WYN) have slipped in afternoon trading after an appeals court ruled that the FTC can sue the company over its allegedly poor cybersecurity practices. WHAT'S NEW: According to a Reuters report of court proceedings, the 3rd U.S. Circuit Court of Appeals in Philadelphia has ruled that the FTC may proceed with its lawsuit against Wyndham over data breaches in 2008 and 2009, saying the hotel company failed to take reasonable steps to protect customer information. Wyndham's allegedly lackluster data protection policies constitute "unfair and deceptive trade practices," granting the Federal Trade Commission authority to step in, said Judge Thomas Ambro. FTC Chairwoman Edith Ramirez commented, "It is not only appropriate, but critical, that the FTC has the ability to take action on behalf of consumers when companies fail to take reasonable steps to secure sensitive consumer information," according to the report. WHAT'S NOTABLE: Today's ruling comes in the wake of numerous high-profile "hack attacks," with American Airlines (AAL), Anthem (ANTM), United Airlines (UAL) and Target (TGT) all reporting digital security breaches in recent years. Though no final verdict has been reached in the case between the FTC and Wyndham, Judge Ambro may have established the beginnings of a legal precedent potentially allowing the Commission to sue companies for not going far enough to protect consumer data and Chairwoman Ramirez appeared to share that broader tone. PRICE ACTION: Shares of Wyndham are down about 4% in intraday trading. Cybersecurity firms FireEye (FEYE) and Palo Alto Networks (PANW) are down roughly 2% and 2.7% for the afternoon.
13:17 EDTTGTTarget to pay $2.8M to resolve EEOC discrimination finding
Target has agreed to pay $2.8M to resolve a Commissioner's charge of discrimination which was investigated in the Minneapolis Area Office of the U.S. Equal Employment Opportunity Commission, or EEOC. Based on the investigation, EEOC found reasonable cause to believe that three employment assessments formerly used by Target disproportionately screened out applicants for exempt-level professional positions based on race and sex. The tests were not sufficiently job-related and consistent with business necessity, and thus violated Title VII of the Civil Rights Act of 1964, EEOC found. In addition, EEOC found that one of the assessments Target formerly used in its hiring process also violated the Americans with Disabilities Act. The EEOC determined that this particular assessment performed by psychologists on behalf of Target was a pre-employment medical examination. Employers are prohibited by the ADA from subjecting applicants to medical examinations prior to an offer of employment. EEOC found that Target also committed record-keeping violations by failing to maintain records sufficient to assess the impact of its hiring procedures. EEOC's investigation revealed that thousands were adversely affected when Target used these assessments in its hiring process. The monetary settlement will be divided among these individuals as appropriate. Target will pay for a claims administrator to distribute the funds.
08:11 EDTEBAYeBay Motors partners with Assurant to extend warranties on purchase
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August 23, 2015
14:45 EDTCNWCon-way employees at Portland facility reject union representation
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