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Stock Market & Financial Investment News

News Breaks
May 15, 2014
13:34 EDTWMT, GPS, TGTRiots to delay key supplier's products, South China Morning Post says
Customers of China-based goods maker Li & Fung - including Wal-Mart (WMT), Target (TGT) and Gap (GPS) - will face delays of about a week due to anti--Chinese riots in Vietnam, Li & Fung said, according to South China Morning Post. The riots forced most factories in Vietnam's Ho Chi Minh City to cease production, the newspaper stated. Li & Fung produces about 7% of its products in Vietnam, the newspaper indicated. Reference Link
News For WMT;TGT;GPS From The Last 14 Days
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August 4, 2015
08:43 EDTTGTCVS Health sees Omnicare deal closing prior to end of year
CVS Health (CVS) management said on their Q2 earnings call that they currently expect the Omnicare (OCR) deal to close prior to the end of this year, perhaps as early as the third quarter. However for financial modeling purposes, CVS is still assuming the transaction closes near the end of 2015, the company noted. CVS said the timing of the close of its agreement to acquire Target's (TGT) pharmacies and clinics is uncertain, as it could fall into 2015 or 2016.
August 3, 2015
16:34 EDTTGTJ.C. Penney announces new VPs of omnichannel, supply chain
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13:32 EDTWMTNY AG confirms toy gun sales settlement with Amazon, Walmart, others
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11:04 EDTWMTAmazon, Wal-Mart, others settle toy gun sales probe in NY, Bloomberg says
Five retailers, including Amazon (AMZN) and Wal-Mart (WMT) have agreed to pay over $300,000 to end an investigation in New York into alleged sales of toy guns that were deemed too realistic, Bloomberg reports. Under an agreement to be officially announced later, the retailers, which also include Kmart, Sears (SHLD), and ACTA, will pay fines and create procedures to ensure that illegal toy guns are not sold in the state of New York, the report says. Reference Link
July 31, 2015
10:38 EDTGPSGap calls active on renewed takeover chatter
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10:28 EDTGPSRumor: Gap moves up on renewed takeover chatter
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July 30, 2015
17:24 EDTTGTFoot Locker appoints Verma as Chief Information Officer
Foot Locker (FL) announced the appointment of Pawan Verma as SVP and Chief Information Officer, effective August 10. Verma succeeds Peter Brown, who retired in April. Verma joins Foot Locker from Target (TGT), most recently serving as VP, Digital and Marketing Technologies and Services Platforms.
July 28, 2015
18:08 EDTWMTWal-Mart warns suppliers to comply with labeling laws, WSJ reports
Last week, Wal-Mart sent a memo to hundreds of suppliers warning them to comply with labeling laws, noting that the amount inside a package should match what is printed on the outside, the Wall Street Journal reports. Reference Link
14:55 EDTWMTEarnings Watch: MasterCard reports after peers warn of currency headwinds
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July 24, 2015
06:37 EDTWMT, TGTWal-Mart increases offerings in baby category
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July 23, 2015
19:24 EDTWMT, TGTWal-Mart's Apple Pay competitor launching soon, Bloomberg says
CurrentC, the mobile payment application funded by Wal-Mart (WMT), Target (TGT), Best Buy (BBY) and others, will see an early trial run next month, Bloomberg reported earlier, citing three people familiar with the situation. A spokesperson for Lowe's (LOW) said the consortium behind the app expects an official launch in Q3, and Bloomberg noted that CurrentC will compete with more "established" offerings such as Apple's (AAPL) Apple Pay and Google's (GOOG) Android Pay. Reference Link
05:08 EDTWMTWal-Mart acquires remaining shares of Yihaodian
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July 22, 2015
13:25 EDTWMTWal-Mart to end overnight hours at certain stores, Bloomberg reports
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08:38 EDTWMT, TGTNRF cuts 2015 retail sales growth forecast to 3.5% from 4.1%
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