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Stock Market & Financial Investment News

News Breaks
August 6, 2014
07:55 EDTWMTWal-Mart International chief prioritizing China, Brazil, e-commerce, WSJ reports
The new chief executive of Wal-Mart Stores' international division, David Cheesewright, stated in an interview with The Wall Street Journal that his division has to "be the growth engine" for its business, noting that 80% of retail industry growth over the next 10 years is expected to come from outside of the U.S. Cheeswright laid out four specific initiatives: creating a platform for sustainable growth in China, turning around operations in Brazil, rejuvenating Mexico and driving e-commerce. Reference Link
News For WMT 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.”
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 18, 2014
10:40 EDTWMTWal-Mart to hire 60K seasonal associates, 10% more than last year
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