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Stock Market & Financial Investment News

News Breaks
April 28, 2014
06:41 EDTWMTWal-Mart pays $334M to escape India joint venture, Reuters says
Wal-Mart paid nearly about $234M in debt related to when the company bought a stake in its Indian joint venture with Bharti Enterprises, which the U.S. company ended in October 2013, according to Reuters, citing the company's 2014 annual report. Wal-Mart had previously paid $100M to take over its Indian partner's 50% stake in Bharti Wal-Mart Pvt, which comprises 20 wholesale stores under the Best Price Modern Wholesale brand. Reference Link
News For WMT From The Last 14 Days
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January 21, 2015
13:38 EDTWMTEarnings Preview: eBay shares rise over 5.5% since last earnings report
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10:01 EDTWMTOn The Fly: Analyst Downgrade Summary
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06:52 EDTWMTWal-Mart downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley downgraded Wal-Mart to Equal Weight citing balanced risk/reward and lack of margin growth due to potential re-investments.
January 20, 2015
13:01 EDTWMTWal-Mart launches cash pickup option for tax refunds
As Americans begin to file their tax returns, Walmart (WMT) announced the launch of a first-of-its-kind service that allows consumers to “skip the check” and pick up their tax refunds in cash. Walmart Direct2Cash is available nationwide starting today and will help customers save time and money when compared to traditional tax refund options. Walmart is working with Tax Products Group, a Green Dot Company (GDOT), and Republic Bank & Trust Company, member FDIC, two providers of tax-related financial products and services, to provide Walmart Direct2Cash as an option to millions of customers. The more than 25,000 tax preparation locations using software with the Walmart Direct2Cash option may provide this service for no additional fee or charge a maximum of $7 at the time of filing. Walmart does not charge customers a fee when refunds are claimed in a store.
09:44 EDTWMTSupreme Court denies appeal of 'swipe fee' ruling, Reuters reports
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January 16, 2015
10:12 EDTWMTSprint unit Virgin Mobile to offer no contract data sharing plans
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