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Stock Market & Financial Investment News

News Breaks
October 15, 2012
07:14 EDTKR, M, MA, LOW, TGT, V, SWY, SBUX, WMTCredit card fee settlement opposed by Wal-Mart, others, Reuters says
In the months since a $7.2B settlement with Visa (V) and Mastercard (MA) over "swipe fees" was filed, a number of major retailers including Wal-Mart (WMT) and several trade groups have come out opposing the deal and asked to have it blocked, reported Reuters. The credit card companies and retailers that do support the plan will ask a judge this week to approve it in spite of the objections, the report noted. Reference Link
News For V;MA;WMT;TGT;M;SBUX;LOW;KR;SWY From The Last 14 Days
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September 1, 2015
07:02 EDTLOWAlliance Data business signs agreement with Lowe's Canada
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August 31, 2015
16:58 EDTKRKroger adds in-store beer taps to more stores, Cincinnati Enquirer says
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11:07 EDTMMacy's announces collaboration with Nineteenth Amendment
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09:51 EDTWMTWal-Mart reduces worker hours to cut costs, Bloomberg reports
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August 28, 2015
09:10 EDTKRKroger 'particularly attractive' in current environment, says Citi
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August 27, 2015
06:23 EDTWMTWal-Mart extends holiday layaway program two weeks, Reuters reports
Wal-Mart (WMT) plans to boost its holiday layaway program by two weeks ahead of an expected year-end demand for Star Wars toys, a Disney (DIS) property, Reuters reports. The retailer will jumpstart the program on August 28, two weeks earlier than last year, the report says, citing comments from Anne Marie Kehoe, VP of toys at Wal-Mart. Reference Link
August 26, 2015
14:52 EDTWMTWal-Mart phasing out sales of modern sport rifles, Washington Post says
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August 25, 2015
16:01 EDTTGTTarget sees $550M pretax gain after closing CVS transaction
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14:37 EDTKRKroger ratifies agreement with UFCW Local 1059
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09:59 EDTMOn The Fly: Analyst Upgrade Summary
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07:46 EDTMMacy's upgraded on valuation at Deutsche Bank
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07:36 EDTSBUXStarbucks CEO tells workers to be nice to stock-stressed customers, Fusion says
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06:21 EDTMMacy's upgraded to Hold from Sell at Deutsche Bank
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August 24, 2015
16:51 EDTLOWLowe's files automatic mixed securities shelf
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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.
10:24 EDTMMacy's initiated with a Buy at Standpoint Research
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09:49 EDTMFitbit being sold at Macy's seen as near-term catalyst
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07:49 EDTLOWLowe's share gains accelerating, says Deutsche Bank
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07:27 EDTMFitbit entry at Macy's a significant near-term catalyst, says Piper Jaffray
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