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Stock Market & Financial Investment News

News Breaks
February 15, 2013
14:21 EDTWMT, TGT, COST, DG, FDOWal-Mart drops 4% to $68.27 following leaked February sales email
Wal-Mart (WMT) and peers Target (TGT), Costco (COST), Dollar General (DG) and Family Dollar (FDO) are moving lower after Bloomberg reported that Wal-Mart's February sales were called a "total disaster" in a leaked internal memo.
News For WMT;TGT;COST;DG;FDO From The Last 14 Days
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September 26, 2014
18:01 EDTFDO, DGAttorneys general investigating effects of proposed Family Dollar merger
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September 24, 2014
12:29 EDTWMTOn The Fly: Midday Wrap
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10:18 EDTCOSTPolaris Industries partners with Costco
Polaris Industries (PII) announced that it will partner with the Costco's (COST) Auto Program as the exclusive promotional partner for its powersports division. Costco members will be able to access special pricing and promotional incentives on select Polaris products at participating dealers in the U.S. As a partner in the Costco Auto Program, Polaris, Victory and GEM branded products will be on display inside select Costco warehouses.
09:49 EDTWMTGreen Dot's 2014 guidance incorporates Wal-Mart, says Piper Jaffray
Green Dot (GDOT) announced this morning that it will offer its GoBank product at Wal-Mart (WMT) stores nationwide by the end of October. Piper said GoBank has been piloted in a few stores in Texas and the launch has already been incorporated into Green Dot's 2014 guidance and accounts for relatively little in revenues. The firm views the news as a positive in total and said it shows continued traction within GoBank and its relationship with Wal-Mart. Shares of GoBank are Overweight rated with a $24 price target.
09:05 EDTWMTOn The Fly: Pre-market Movers
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05:14 EDTWMTGreen Dot, Wal-Mart announce nationwide rollout of GoBank
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September 18, 2014
14:31 EDTCOSTCapital One said to bump Amex as Costco Canada card issuer, Bloomberg says
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14:14 EDTCOSTCapital One said to replace American Express as Costco Canada card issuer
MasterCard said to be processor for new Costco Canada cards. Reported by Bloomberg.
11:53 EDTCOSTCostco to stop accepting Amex cards in Canada on Jan 1, 2015 Globe and Mail says
Costco (COST) said it will not renew its credit card relationship with American Express (AXP) when it expires on December 31 of this year. Therefore, it will not accept Amex cards in Canada beginning January 1, 2015, The Globe and Mail reports. Reference Link
11:01 EDTTGTTarget to hire 70,000 seasonal workers in 2014, CNBC reports
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10:40 EDTWMTWal-Mart to hire 60K seasonal associates, 10% more than last year
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September 17, 2014
17:32 EDTFDO, DGDollar General remains committed to acquisition of Family Dollar
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09:45 EDTWMTWal-Mart faces criticism for dismissing China workers, Bloomberg reports
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08:28 EDTFDO, DGFamily Dollar board rejects Dollar General's 'illusory' tender offer
Family Dollar Stores (FDO) announced that its Board of Directors unanimously recommends that Family Dollar’s shareholders reject the unsolicited conditional tender offer made by Dollar General Corporation (DG) and not tender their shares. In conjunction with its rejection of Dollar General’s offer, Family Dollar’s Board unanimously reaffirms its recommendation in support of the transaction with Dollar Tree (DLTR). The terms of the tender offer are the same as those in the proposal made by Dollar General on September 2, 2014, which the Board of Directors of Family Dollar unanimously rejected on September 5, 2014, on the basis of antitrust regulatory considerations. Howard R. Levine, Chairman and CEO of Family Dollar, said, “Our Board of Directors, with the assistance of outside advisors and consultants, reviewed all aspects of Dollar General’s tender offer and concluded unanimously that this highly conditional Offer is illusory because, as Dollar General is well aware, the Offer cannot close on the terms proposed. Tenders into the Dollar General Offer will be meaningless since there is no way that Dollar General can purchase shares that are tendered.” Levine added, “The terms of the Dollar General Offer are no different from those in its most recent unsolicited proposal, which was previously and unanimously rejected by our Board of Directors based on antitrust regulatory considerations. There is a very real and material risk that the transaction proposed by Dollar General would fail to close, after a lengthy and disruptive review process. Accordingly, our Board has rejected Dollar General’s tender offer and reaffirmed its support of the transaction with Dollar Tree, which delivers attractive value in the form of immediate upfront cash and upside participation in a combined Dollar Tree-Family Dollar entity, as well as closing certainty.” Ed Garden, a Family Dollar director and co-founder and Chief Investment Officer at Trian Fund Management, L.P., a large shareholder of the Company, stated, “We are focused on delivering to Family Dollar shareholders the highest value with certainty, and the Dollar Tree transaction does just that. Dollar Tree has taken the antitrust risk off the table by committing to divest as many stores as necessary to obtain antitrust clearance. We remain fully committed to the Dollar Tree transaction.”
08:27 EDTDG, FDOFamily Dollar board rejects Dollar General's 'illusory' tender offer
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06:06 EDTWMTWal-Mart to pay $66,000 to settle false advertising investigation with NY AG
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September 16, 2014
13:52 EDTWMTWal-Mart finalizes Coca-Cola ad agreement in New York, Bloomberg says
New York attorney general Eric Schneiderman said that Wal-Mart (WMT) charged New York customers more for Coca-Cola (KO) products than stated in national circulars, going against inaccurate advertising regulations, according to Bloomberg, citing a statement from Schneiderman. The retailer will pay a $66K penalty to settle the matter. Reference Link
09:36 EDTWMTActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL NFLX TSLA YHOO FB PBR MU AA TWTR WMT
06:49 EDTWMTWal-Mart spokesman steps down due to resume fib, Bloomberg says
The Chief spokesman for Wal-Mart, David Tovar, stepped down after the retailer learned a nearly 20-year fabrication in his official resume, according to Bloomberg, citing a person familiar with the situation. Reference Link
05:50 EDTWMTWal-Mart, AutoInsurance.com announce national expansion
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