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Stock Market & Financial Investment News

News Breaks
February 12, 2013
07:21 EDTWMT, CVSWal-Mart falls behind CVS in medical clinics, Bloomberg reports
In 2007, Wal-Mart Stores (WMT) planned to open as many as 2,000 in-house medical clinics by mid-2012. Today they have fewer than 130 clinics and is closing locations faster than it’s opening them. CVS Caremark (CVS) has about 630 MinuteClinics and aims to have 1,500 within four years, reports Bloomberg. CVS says its clinic business has grown at a compound annual rate of 39% in the last six years. Reference Link
News For WMT;CVS From The Last 14 Days
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June 20, 2013
07:33 EDTWMTForeign retailers want assurance on India's FDI policy, Economic Times reports
Global retailers like Wal-Mart (WMT) and Tesco (TSCDY) are looking for assurance from India that any change of governments at both center and states would not result in reversal of FDI policy in multi-brand segment, before they make investment decisions in the country, reports the Economic Times. Reference Link
06:25 EDTWMTWal-Mart upgraded to Outperform from Market Perform at Raymond James
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June 19, 2013
07:09 EDTWMTWal-Mart plays catch up to Amazon.com, WSJ reports
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06:08 EDTWMTOn the Fly: Periodicals Wrap-Up
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June 17, 2013
15:29 EDTWMTGoogle's Chromebook to be available in Wal-Mart, Staples
In addition to Best Buy (BBY) and Amazon.com (AMZN), Google (GOOG) announced that, starting today, Walmart (WMT) will be making the newest Acer Chromebook available in approximately 2,800 stores across the U.S. for $199. Beginning this weekend, Staples (SPLS) will bring a mix of Chromebooks from Acer, HP (HPQ) and Samsung (SSNLF) to each of its stores in the U.S., or more than 1,500 in total. Reference Link
June 15, 2013
17:46 EDTWMTWal-Mart appoints Cash as new presiding director, Reuters says
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June 14, 2013
07:21 EDTWMTClinton Global Initiative to host to host a meeting
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June 13, 2013
09:30 EDTWMTClinton Global Initiative to host to host a meeting
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05:48 EDTWMTWal-Mart increases hiring but uses temps, Reuters reports
In recent months, Wal-Mart Stores has been only hiring temporary workers at many of its U.S. stores, the first time the major retailer has done so outside of the holiday shopping season, reports Reuters.Reference Link
June 12, 2013
16:54 EDTWMTH&R Block not renewing relationship with Wal-Mart
On its Q4 earnings call H&R Block (HRB) stated that it was not renewing its relationship with Wal-Mart (WMT), saying it was an economic and operational decision. Results in this channel did not meet the company's expectations and H&R Block is confident that it can serve its clients better in its other 10,000 plus neighborhood locations. H&R Block does not expect its decision to exit Walmart locations to have a material impact on results going forward.
14:55 EDTCVSCVS Caremark management to meet with Lazard Capital
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07:08 EDTCVSDrugstores ready access changes to Plan B pill, WSJ reports
Drugstores (CVS, RAD, WAG) are preparing to change how they stock and sell a widely used emergency contraceptive after the Obama administration agreed to allow the pill to be sold over the counter to customers of all ages. Sold primarily under the brand name Plan B (TEVA, ACT, PRGO), the pill is currently stocked behind pharmacy counters, reports the Wall Street Journal.Reference Link
06:05 EDTCVSOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: The tectonic plates of the world economy are shifting, moving the yield on the 10-year Treasury to the highest level in more than a year and shaking financial markets. Now, some constants are being questioned in markets, triggering paroxysms in stocks, bonds, commodities and the currencies of emerging markets, the Wall Street Journal reports...Drugstores (CVS, RAD, WAG) are preparing to change how they stock and sell a widely used emergency contraceptive after the Obama administration agreed to allow the pill to be sold over the counter to customers of all ages. Sold primarily under the brand name Plan B (TEVA, ACT, PRGO), the pill is currently stocked behind pharmacy counters, the Wall Street Journal reports...REUTERS: If currency turbulence in emerging markets becomes a full-scale investor flight, the Fed may have a new headache in deciding when to slow its dollar printing policy. The link between U.S. monetary policy and currency runs on the other side of the world could be tighter than many assume, Reuters reports...Toyota Motor (TM) said it’s unlikely to recapture its peak market share it held four years ago in the U.S. (GM, F), its biggest market, the latest sign the carmaker is shifting to improving quality from aggressively expanding sales, Reuters reports...BLOOMBERG: Exchange executives (NYX, NDAQ), long shielded from legal scrutiny in the U.S., have been put on notice that may be changing after federal regulators fined CBOE Holdings (CBOE) $6M for unprecedented lapses in supervision, Bloomberg reports...Borealis Infrastructure Management and its Kuwaiti-British partners abandoned their $8.3B bid for the U.K. water utility Severn Trent (SVTRY) as the offer deadline expired, Bloomberg reports.
June 11, 2013
08:32 EDTCVSCVS Caremark receives URAC accerditation in specialty pharmacy
CVS Caremark announced that it has been awarded Specialty Pharmacy accreditation from URAC, a Washington, DC-based health care accrediting organization that establishes quality standards for the health care industry.
June 10, 2013
10:52 EDTWMTGreen Dot rises after taking over Wal-Mart prepaid cards from GE
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08:52 EDTWMTGreen Dot to acquire GE Bank prepaid cards with 'Walmart' branding
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08:47 EDTWMTGreen Dot to acquire GE Bank 'Walmart' marked prepaid cards
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June 7, 2013
16:26 EDTWMTOn The Fly: Closing Wrap
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14:26 EDTWMTWal-Mart says e-commerce growth has begun to accelerate
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14:13 EDTWMTWal-Mart says aims for SSS growth in all markets
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