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Stock Market & Financial Investment News

News Breaks
June 24, 2014
10:08 EDTWMT, TRIPSam’s Club launches savings-centered online travel booking service
Sam’s Club, a division of Wal-Mart Stores (WMT), announced the launch of Sam’s Club Travel, a savings-centered online booking service for Sam’s Club members for business and leisure travel. The new digital service is a collaboration with Tourico Holidays, offers savings on 4,500 worldwide destinations, 90,000 hotels, more than 6,000 attractions in 800 cities, 150 airlines, 18 car rental brands and 13 cruise lines, and integrates TripAdvisor (TRIP) reviews, the company said.
News For WMT;TRIP From The Last 14 Days
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September 30, 2014
19:28 EDTWMTFederal judge orders Wal-Mart to face Mexican-bribe claims, Bloomberg says
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17:40 EDTWMTWal-Mart issues statement regarding Tracy Morgan lawsuit
The company said, “Walmart is committed to working to resolve all of the remaining issues as a result of the accident. As part of the ordinary course of legal proceedings, Walmart filed an initial response yesterday to the lawsuit that included facts and defenses that may impact the case moving forward. While we were required to respond to the lawsuit, we have also taken steps to encourage settlement discussions. Our thoughts continue to go out to everyone involved, and we remain committed to doing what’s right.”
06:04 EDTTRIPGoogle rivals launch 'Focus on the User' site
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September 29, 2014
18:15 EDTWMTWal-Mart blames Tracy Morgan for his own injuries in car crash, USA Today says
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08:50 EDTWMTWal-Mart names Instagram CEO and co-founder Kevin Systrom to board
Wal-Mart Stores (WMT) announced that its Board of Directors has appointed Kevin Systrom, an entrepreneur, software engineer and co-founder of photo-sharing service Instagram (FB), as a new member of the company's Board, effective September 26. Systrom became the 15th member of the Board and will also serve as a member of the company's Technology and eCommerce Committee and its Compensation, Nominating and Governance Committee. Systrom is currently CEO of Instagram, where he is responsible for its day-to-day operations and has overseen its growth to more than 200 million monthly active accounts.
September 24, 2014
12:29 EDTWMTOn The Fly: Midday Wrap
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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 22, 2014
12:13 EDTTRIPTripAdvisor volatility increases on wide price movement
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12:11 EDTTRIPTripAdvisor sinks after data breach at just acquired unit
Shares of TripAdvisor (TRIP) are falling after the company's Viator unit reported today that it had experienced a data breach. TripAdvisor operates websites with information about travel destinations and flights. Viator, whose acquisition by TripAdvisor closed in August, features more than 20,000 bookable tours and attractions and more than 600,000 reviews, photos, and videos submitted by travelers, TripAdvisor has stated. WHAT'S NEW: Viator stated that it was informed on September 2 that unauthorized charges had been made on a number of its customers' credit cards. The data breach that the unit experienced could affect payment card data that was used to make bookings through the unit's websites, according to Viator. Moreover, customers' email addresses and their passwords and user names for Viator may have also been compromised. About 880,000 customers may have had their payment card information compromised, while about 560,000 customers' Viator account information and e-mail addresses may have been affected, the unit reported. WHAT'S NOTABLE: The breach at Viator comes in the wake of large data breaches at a number of bellwether companies in recent months, including JPMorgan (JPM) and Home Depot (HD). Late last year tens of thousands of payment card data was stolen from Target (TGT). PRICE ACTION: In late morning trading, TripAdvisor sank 5.5% to $93. Others names in the online travel space are falling, with Priceline.com down 3% and Expedia down 2%. :the
10:31 EDTTRIPTripAdvisor slips after unit announces data breach
Shares of TripAdvisor (TRIP) are lower in early trading after one of its units, Viator, announced Friday that it experienced a data breach. WHAT'S NOTABLE: Viator announced on September 19 that is in the process of notifying approximately 1.4M Viator customers about a data compromise that could potentially affect payment card data used to make bookings through Viator's websites and mobile offerings. "Protecting the security of our customer information is paramount, and we are taking immediate steps to investigate and determine the full scope of the compromise," the company stated, adding that it recommends all affected customers monitor their card activity and report any fraudulent charges to their credit card company. PRICE ACTION: Shares of TripAdvisor are down 2.7% to $95.70 in early trading following the circulation of the notice from Viator. Reference Link
10:26 EDTTRIPTripAdvisor drops 3% after Viator unit discloses data breach
10:25 EDTTRIPTripAdvisor Viator unit experienced data breach, BrightWire reports
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September 18, 2014
10:40 EDTWMTWal-Mart to hire 60K seasonal associates, 10% more than last year
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