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Stock Market & Financial Investment News

News Breaks
September 17, 2012
07:24 EDTWMT, TSCDY, CRERYWal-Mart may beat competitors in India, Bloomberg reports
As India opens foreign investment in retail, Wal-Mart (WMT) may be the first to tap into the $505B market as Carrfour (CRERY) and Tesco (TSCDY) battle declining profits and consumer spending, reports Bloomberg.Reference Link
News For WMT;CRERY;TSCDY From The Last 14 Days
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June 30, 2015
07:29 EDTWMTNon-profit group: Wal-Mart made deceptive ‘Made in the USA’ claims
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June 24, 2015
06:22 EDTWMTWal-Mart to charge fees to ‘almost all’ vendors, Reuters reports
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June 23, 2015
18:04 EDTWMTWal-Mart poaches technology talent from eBay, WSJ says
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16:29 EDTWMTOn The Fly: Top stock stories for Tuesday
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13:37 EDTWMTOn The Fly: Top stock stories at midday
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07:05 EDTWMTGreen Dot price target raised to $24 from $22 at Piper Jaffray
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06:31 EDTWMTGreen Dot contract terms better than feared, says JPMorgan
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June 22, 2015
19:00 EDTWMTOn The Fly: After Hours Movers
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16:33 EDTWMTGreen Dot rallies sharply on Walmart deal
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16:28 EDTWMTGreen Dot up 27% after announcing deal with Wal-Mart
16:02 EDTWMTGreen Dot to remain program manager for Walmart
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08:06 EDTTSCDYNCR selected by Tesco Malaysia to bring self-checkout to the country
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June 21, 2015
19:10 EDTTSCDYTesco to cut 500-600 IT jobs in India, Economic Times says
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June 19, 2015
08:22 EDTWMTChina to let foreign companies fully own e-commerce businesses, Reuters reports
China's Ministry of Industry and Information Technology announced that, effective immediately, foreign companies will be allowed to have full ownership of some e-commerce businesses, reported Reuters. Players in China's booming e-commerce market include market leader Alibaba Group (BABA) as well as JD.com (JD), Amazon.com (AMZN), Vipshop (VIPS) Wal-Mart (WMT), which holds a stake in shopping site Yihaodian, the report noted. Reference Link
June 18, 2015
10:20 EDTTSCDYGoogle in talks for combined Dunnhumby bid, Sky News reports
Google (GOOG) is in talks with buyout firm Permira regarding a possible combined bid for Tesco (TSCDY) unit Dunnhumb, Mark Kleinman of Sky News reports. Reference Link
08:48 EDTWMTWal-Mart holds ‘at least’ $76B in overseas tax havens, NY Post reports
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June 17, 2015
10:00 EDTTSCDYOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AbbVie (ABBV) initiated with an Overweight at Piper Jaffray... Arista Networks (ANET) initiated with a Buy at Sterne Agee CRT... Astec (ASTE) initiated with a Buy at Maxim... Bristol-Myers (BMY) initiated with an Underweight at Piper Jaffray... Community Healthcare (CHCT) initiated with an Outperform at Oppenheimer... Eli Lilly (LLY) initiated with an Overweight at Piper Jaffray... Fitbit (FIT) initiated with a Buy ahead of IPO at Dougherty... Hortonworks (HDP) initiated with a Buy at Mizuho... II-VI (IIVI) initiated with a Buy at Benchmark Co.... J Sainsbury (JSAIY) initiated with an Underperform at Credit Suisse... McDermott (MDR) initiated with an Outperform at Cowen... Merck (MRK) initiated with a Neutral at Piper Jaffray... Molina Healthcare (MOH) initiated with a Buy at UBS... Pacific DataVision (PDVW) initiated with a Buy at Canaccord... Pfizer (PFE) initiated with an Overweight at Piper Jaffray... Quest Resource (QRHC) initiated with a Buy at Roth Capital... Regional Management (RM) initiated with a Buy at Janney Capital... Rofin-Sinar (RSTI) initiated with a Buy at Benchmark Co.... Salesforce (CRM) initiated with a Neutral at Exane BNP Paribas... Sprouts Farmers Markets (SFM) initiated with a Neutral at Cleveland Research... Tesco (TSCDY) initiated with an Underperform at Credit Suisse... WM Morrison (MRWSY) initiated with a Neutral at Credit Suisse... WWE (WWE) initiated with a Buy at BTIG... World Acceptance (WRLD) initiated with a Buy at Janney Capital... Zafgen (ZFGN) initiated with a Buy at SunTrust.
05:25 EDTTSCDYTesco initiated with an Underperform at Credit Suisse
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June 16, 2015
19:25 EDTWMTWal-Mart ranks high among millenials, Ad Age says
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06:36 EDTWMTWal-Mart accused of using charity to increase expansion, NYT reports
Several community and labor organizations are accusing Wal-Mart of inappropriately using its nonprofit Wal-Mart Foundation to reduce local opposition to expansion efforts in places such as Washington, Boston, Los Angeles, and New York, the New York Times reports. The group of organizations claimed in a complaint with the IRS that the Wal-Mart Foundation violated the terms of its tax-exempt status by targeting millions of dollars in donations that would directly benefit the retailer, the report says. The complaint alleges that the foundation donated over $200,000 to organizations in Los Angeles in 2008 and 2009, but raised that figure to $1.4M in 2011, right as the company planned to open a store in that area. When the store was opened in 2013, donations fell to roughly $230,000, the report says. In a statement, the New York Times reports, Wal-Mart spokesman Kevin Gardner said that the Wal-Mart Foundation took tax code and regulations "very seriously" and that the allegations had no merit. Reference Link

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