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Stock Market & Financial Investment News

News Breaks
February 5, 2013
14:25 EDTWSM, WSM, WSM, BBBY, BBBY, BBBY, MFRM, MFRM, MFRM, HD, HD, HDCitigroup's consumer/home furnishings research team holds conference call
Consumer-Home Furnishings Analyst Research Team, along with Kathy Tierney, former CEO of Sur La Table, provide an industry update and outlook on an Analyst/Industry conference call. Relevant companies WSM, BBBY, MFRM, HD may be included on the Analyst/Industry conference call to be held on February 6 at 3 pm.
News For WSM;BBBY;MFRM;HD From The Last 14 Days
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September 8, 2014
16:44 EDTHDHome Depot confirms payment data systems breach
12:29 EDTHDHome Depot victim of same malware that hit Target, Krebs reports
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September 5, 2014
19:56 EDTWSMWilliams-Sonoma management to meet with SunTrust
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16:45 EDTHD, MFRMMarket ends week little changed after mixed economic data
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06:27 EDTHDHealthCare.gov insurance site breached by hacker in July, WSJ reports
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September 4, 2014
16:24 EDTMFRMOn The Fly: Closing Wrap
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12:34 EDTMFRMOn The Fly: Midday Wrap
Stocks on Wall Street began the session in positive territory after the ECB lowered its benchmark interest rate and took additional measures in an attempt to stimulate the region’s economy. The averages had some early momentum, but found a level about an hour into trading around which they have since traded in a narrow range. ECONOMIC EVENTS: In the U.S., payroll provider ADP estimated private sector employment increased by 204K jobs in August, which was below the consensus forecast for 215K private sector jobs to have been added. Initial jobless claims rose 4K to 302K in the week ended August 30, which was close to the 300K estimate. The trade deficit narrowed slightly to $40.5B in July, beating expectations for a deficit of $42.5B. Second quarter nonfarm productivity growth was revised lower to 2.3% versus the 2.5% pace reported initially. Unit labor costs were revised down to a decrease of 0.1% from a rise of 0.6% estimated previously. Markit's services PMI for August came in at 59.5, versus a consensus forecast of 58.5. ISM's non-manufacturing PMI for August had a reading of 59.6, easily topping the 57.7 consensus estimate. In Europe, the European Central Bank unexpectedly cut the rate at which it issues short-term loans to banks to 0.05% from 0.15% and lowered its growth forecasts for 2014 and 2015. The ECB also announced plans to buy asset-backed securities, which the central bank's president Mario Draghi said will have a “sizable” impact on its balance sheet without providing further details on the size of the planned purchases. COMPANY NEWS: Shares of oil major BP (BP) trading in New York fell about 6% after a federal judge ruled that the company acted with "gross negligence" in causing the Gulf of Mexico spill in 2010 that was the biggest offshore oil spill in U.S. history. U.S. District Judge Carl Barbier, who held a trial without a jury over who was at fault, also found Transocean (RIG) and Halliburton (HAL) "negligent," but rested much more of the blame on BP, with 67% of the liability assigned to BP, 30% to Transocean and 3% to Halliburton. Afterward, BP said it "strongly disagrees" with the decision and will immediately appeal. MAJOR MOVERS: Among the notable gainers following their earnings reports were Mattress Firm (MFRM), which rose 12%, and Methode Electronics (MEI), which gained 16%. Also higher was Bolt Technology (BOLT), which surged 36% after the company agreed to be acquired by Teledyne Technologies (TDY) for $22.00 per share in cash. Shares of Teledyne advanced nearly 2% following last night's deal announcement. Among the noteworthy losers was Matrix Service (MTRX), which dropped 21% after its earnings for the just completed quarter and its profit forecast for its new fiscal year fell short of analysts' expectations. Also lower following their earnings reports were Ciena (CIEN), which fell over 7%, and Shoe Carnival (SCVL), which dropped more than 10%. INDEXES: Near midday, the Dow was up 43.83, or 0.26%, to 17,122.11, the Nasdaq was up 15.15, or 0.33%, to 4,587.71, and the S&P 500 was up 5.23, or 0.26%, to 2,005.95.
11:07 EDTHDHome Depot believes we are in 'moderate stage' of housing recovery
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11:05 EDTHDHome Depot says it has no plans to expand in Brazil or going back to China
Home Depot said it has no plans to go back to China because it has not figured out how to make money there. It also said it has no plans in expanding into Brazil even though he has looked into opportunities there. Home Depot said it sees the most opportunities in North America, and will focus its resources there.
11:02 EDTHDHome Depot maintains 2H14 outlook that it will be better than 1H14
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10:57 EDTHDHome Depot seeing high-spend pro customers are growing higher than others
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10:43 EDTHDHome Depot CEO: 3rd parties 'working around the clock' on breach investigation
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10:42 EDTHDHome Depot CEO: We have told everybody what we know on breach
CEO Frank Blake said the company found out Tuesday morning and chose the path of communicating the facts as they know them. Blake said the company felt it was best to communicate the facts quickly and transparently, but cannot answer all of the questions. He added that the company will continue to investigate the breach "intensely." Comments taken from Goldman Sachs Annual Global Retailing Conference.
10:30 EDTHDHome Depot in contact with Secret Service over alleged breach, Reuters reports
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09:25 EDTMFRMMattress Firm says 'loves' doing tuck-in acquisitions
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08:56 EDTMFRMMattress Firm says traffic trends 'choppy'
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08:25 EDTHDHome Depot could see less impact than Target from data breach, says BMO Capital
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07:08 EDTMFRMMattress Firm sees $200M in annual run rate synergies by FY17
Due to company's acquisition of Sleep Train, Mattress Firm expects an estimated $200M in annual run rate synergies by FY17.
07:06 EDTMFRMMattress Firm reports Q2 adjusted EPS 61c, consensus 60c
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07:04 EDTMFRMMattress Firm acquires Sleep Train equity interests for $425M
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