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Stock Market & Financial Investment News

News Breaks
February 15, 2013
14:31 EDTFDO, WMT, DLTR, COST, DG, TGTRetailers lower after Wal-Mart reportedly calls February 'a disaster'
Shares of a number of department and discount stores moved lower in afternoon trading after the world's biggest retailer, Wal-Mart (WMT), reportedly said that its sales in February have been "a total disaster." In internal emails obtained by Bloomberg, Wal-Mart executives said sales in February are off to their worst start in years, attributing the weakness to the expiration of payroll tax cuts, the report said. Following the headlines, shares Wal-Mart fell to near their session low, down 3.3% to $68.47. Peers Target (TGT) and Costco (COST) fell sharply as well, with Target down nearly 3% and sliding about 0.6% after being higher in morning trade. A number of dollar stores fell as well, as Family Dollar (FDO) and Dollar General (DG) gave ups their earlier gains and were both nearly flat following the report.
News For WMT;TGT;COST;FDO;DG;DLTR From The Last 14 Days
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January 15, 2015
11:20 EDTFDOFamily Dollar to host special shareholder meeting
Special shareholder meeting to vote on the merger with Dollar Tree will be held in Charlotte, NC on January 22 at 9 am.
10:35 EDTTGTTarget viewed unchanged after Canada exit, says RW Baird
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10:22 EDTTGTTarget rallies after moving to close Canadian operations, levels to watch
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10:12 EDTTGTTarget to host business news update conference call
Conference call to discuss Target Canada granted CCAA order will be held on January 15 at 11:30am. Webcast Link
10:07 EDTDLTRHigh option volume stocks
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10:04 EDTTGTTarget exit from Canada came sooner than expected, says Wells Fargo
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09:46 EDTTGTTarget Canada granted CCAA order
Target announced that Target Canada has obtained an Initial Order from the Ontario Superior Court of Justice for creditor protection under the Companies' Creditors Arrangement Act, or CCAA, earlier this morning. The Initial Order authorizes Target Canada to begin a court-supervised wind-down of its Canadian businesses. It also provides for a broad stay of proceedings against Target Canada and authorizes Target to provide a debtor-in-possession credit facility of $175M to finance Target Canada’s operations during the CCAA proceedings. Note that Target announced earlier that it has decided to discontinue operations in Canada.
09:24 EDTWMTEpiq Systems to hold a webinar
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09:15 EDTFDO, DG, TGTOn The Fly: Pre-market Movers
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08:41 EDTTGTTarget raises Q4 adjusted EPS view to $1.43-$1.47, may not compare to $1.21
Based on performance through November and December, Target now expects to report Q4 U.S. comparable sales of approximately 3%, better than prior guidance of approximately 2%, driven primarily by increased traffic and stronger-than-expected digital sales. Sees Q4 adjusted EPS, reflecting results from continuing operations, of $1.43-$1.47, about 6c ahead of expectations for U.S. Segment performance at the beginning of the quarter. The company is not able to provide an estimate of its expected Q4 GAAP EPS. However, GAAP results are expected to include: Losses related to liquidation of Target Canada,net of taxes; Net expenses related to the 2013 data breach, which are not expected to be material; the impact of the reduction of the beneficial interest asset recognized in connection with the 2013 sale of the company’s credit card portfolio, which is expected to reduce GAAP EPS by approximately 2c.
08:28 EDTTGTTarget to report Canadian operations as discontinued starting in Q4
As a result of the Canada decision, Target Corporation will operate as a single segment that includes all U.S. operations. Beginning with the company’s Q4 financial results, Target will report adjusted earnings per share reflecting operating results from its U.S. operations, excluding discontinued Canadian operations, the impact of the reduction of the beneficial interest asset recognized in connection with the 2013 sale of the Company’s U.S. consumer credit card portfolio, net expenses related to the 2013 data breach, and the resolution of certain tax matters.
08:27 EDTTGTTarget to exit Canadian operations, sees move raising earnings in FY15 and after
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08:24 EDTTGTTarget volatility flat into discontinuation of Canadian operations
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08:23 EDTTGTTarget jumps after announcing plans to exit Canadian operations
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08:21 EDTTGTTarget sees reporting $5.4B pre-tax losses on discontinued operations in Q4
08:19 EDTTGTTarget to discontinue Canadian operations
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08:08 EDTDG, DLTR, FDODollar General says has held talks with various parties on stores
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08:07 EDTDG, FDO, DLTRDollar General says 'chosen not to be constrained by timing agreement with FTC'
08:02 EDTDLTR, FDO, DGDollar General provides update on FTC review of proposed acquisition of Family Dollar
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07:28 EDTDLTR, FDOFamily Dollar to host special shareholder meeting
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