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Stock Market & Financial Investment News

News Breaks
October 15, 2012
07:14 EDTSWY, SBUX, WMT, KR, M, MA, LOW, TGT, VCredit 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
Check below for free stories on V;MA;WMT;TGT;M;SBUX;LOW;KR;SWY the last two weeks.
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April 11, 2014
09:19 EDTMMacy's management to meet with JPMorgan
Meetings to be held in Boston on April 15-16 hosted by JPMorgan.
07:09 EDTWMTLi & Fung collaborates with Citigroup on brand unit spinoff, Bloomberg says
Li & Fung (LFUGF)) is said to be collaborating with Citigroup (C) to spin off its brands division, which is valued at nearly $2B, according to Bloomberg, citing people with knowledge of the matter. The company's brand unit sells clothing and toys to retailers such as Wal-Mart (WMT) and Kohl's (KSS). Reference Link
April 10, 2014
16:09 EDTSWYSafeway announces receipt of second request from FTC
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13:14 EDTWMTFamily Dollar slides after holiday disappointment prompts store closures
Shares of discount retailer Family Dollar (FDO) are falling after the company reported second quarter earnings per share and revenue that fell below expectations, along with third quarter and FY14 projections that are lower than analysts' consensus. WHAT'S NEW: This morning, Family Dollar reported second quarter earnings per share of 80c, which fell below analysts consensus of 90c. The company reported second quarter revenue of $2.72B, while analysts projected $2.77B. Family Dollar, which reported that its second quarter same-store-sales decreased by 3.8%, said the holiday season was challenged by "a more promotional competitive environment and a more financially constrained consumer" and that its results were also significantly impacted by severe winter weather like many retailers. The company expects third quarter earnings per share excluding-items to be 85c-95c, while analysts project a 98c consensus. Family Dollar said that it sees FY14 earnings per share excluding items to be $3.05-$3.25, which is at the lower end of analysts' estimations. Family Dollar noted that it expects to close nearly 370 underperforming stores in the second half of FY14 and slow new store growth beginning in FY15. WHAT'S NOTABLE: During Family Dollar's earnings conference call, the company said that it plans to slow square footage growth in the beginning of FY14 and said that it recently cut about 10% of its corporate workforce. ANALYST OPINION: Wells Fargo analyst Matt Nemer said Family Dollar's third quarter negative comp guidance and commentary about a challenging macro environment could pressure its own shares as well as those of its peers Dollar General (DG) and Dollar Tree (DLTR). However, Family Dollar's store closures combined with a decrease in future store growth could ultimately have positive implications for its competitors, Nemer added. On March 4, Credit Suisse said Family Dollar's underperformance compared to Dollar General and significant earnings possibilities gives the rationale for a potential merger of the two. On February 19, Credit Suisse analyst Michael Exstein suggested that Wal-Mart (WMT) should consider acquiring Family Dollar as a way to "jumpstart" its small store effort. CNBC's David Faber reported the same morning that Exstein published his note that Family Dollar was not holding any talks about selling itself at that time. PRICE ACTION: During afternoon trading, shares of Family Dollar decreased $1.54, or 2.61%, to $57.53, Dollar Tree dropped 2.5%, and Dollar General fell about 1.5%.
06:13 EDTWMTWal-Mart to carry Wild Oats organic food items
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April 9, 2014
09:20 EDTMBofA/Merrill's retail analysts hold an analyst/industry conference call
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09:10 EDTWMTWal-Mart to purcahse energy-efficient LED ceiling lighting fixtures from GE
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April 8, 2014
16:05 EDTSWYSafeway holders to get 0.164291 Blackhawk Class B shares for each Safeway share
Safeway (SWY) announced the final distribution ratio for the previously announced special stock dividend to its stockholders of all of the shares of Class B common stock of Blackhawk Network (HAWK) held by Safeway. Safeway stockholders will receive 0.164291 of a share of Blackhawk Class B common stock for every share of Safeway common stock held as of the close of business on April 3. The distribution will be made on April 14 in the form of a pro rata distribution of all of the 37,838,709 shares of Class B common stock of Blackhawk owned by Safeway to all Safeway stockholders of record on the record date. No fractional shares of Blackhawk Class B common stock will be distributed. Instead, Safeway stockholders will receive cash in lieu of any fraction of a share of Blackhawk Class B common stock that they otherwise would have received.
07:24 EDTMAPR News to hold a conference
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06:17 EDTWMTWal-Mart to expand in India, add e-commerce, wholesale stores, WSJ reports
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April 7, 2014
07:16 EDTV, MARetailers muscle into competitive mobile payment market, Reuters says
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06:28 EDTSWYStocks with implied volatility below IV index mean; SWY JCP
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06:08 EDTKRKroger price target raised to $50 from $46 at Deutsche Bank
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April 4, 2014
09:36 EDTMAActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TSLA MU GNK AMZN FB GILD MA NFLX
08:02 EDTMA, WMTSam's Club extends contract for branded credit card program with GE Capital
Samís Club, a division of Wal-Mart Stores (WMT), has finalized a multi-year agreement with GE Capital Retail Bank (GE) to extend their existing relationship to provide Samís Club-branded credit cards to club members in the U.S. and Puerto Rico. As part of the extension, GE Capitalís Retail Finance business will continue to manage and service the credit card programs for Samís Club Savings, Business and Plus members. Under the agreement, the Samís Club co-branded credit card programs will be converted to MasterCard (MA) later this year. Walmart has also extended their relationship with GE Capital Retail Bank and branded cards will transition to MasterCard later this year.
06:04 EDTSWYStocks with implied volatility below IV index mean; SWY FSLR
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April 3, 2014
11:05 EDTV, MAFCA announces competition review into credit cards
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08:28 EDTWMTChecks indicate GameStop won't be threatened by Wal-Mart, says BB&T
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07:18 EDTTGTTarget heading in the right direction, says Piper Jaffray
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06:01 EDTSWYStocks with implied volatility below IV index mean; SWY FSLR
Stocks with implied volatility below IV index mean; Safeway (SWY) 11, First Solar (FSLR) 46 according to iVolatility.
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