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Benzinga’s Earnings Roundup (OMX, XTO, OC, HST)
Wednesday, February 17, 2010 - 9:34am | 306OfficeMax Incorporated (NYSE: OMX) reported today a fourth-quarter loss of $3.2 million, or $0.04 per share, from a loss of $396 million, or $5.21 a share, for the same quarter last year. Sales declined to $1.8 billion as compared to $1.9 billion in the year ago period. OMX surged 3.19% to $15.20...
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OfficeMax (OMX) Reports 4th Quarter Loss
Wednesday, February 17, 2010 - 9:25am | 74OfficeMax Inc (NYSE: OMX) reported on Wednesday morning a 4th quarter loss of $3.2 million, or 4 cents per share. The loss was an improvement over the same quarter last year when OfficeMax lost $396 million, or $5.21 per share. The company said that its 4th quarter sales came in at $1.8 billion,...
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Live Nation Signs Ticketing Pact With Wal-Mart (LYV, WMT)
Friday, February 12, 2010 - 11:00pm | 146Live Nation Entertainment Inc. (NYSE: LYV) has agreed to sell event and concert tickets at select Wal-Mart (NYSE: WMT) locations. The service is likely to be introduced in the next few months. Live Nation already sells tickets at Blockbuster (NYSE: BBI) stores. The new deal will add to Live Nation...
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Company News for February 10, 2010 - Corporate Summary
Wednesday, February 10, 2010 - 10:25am | 256• Bank of America (NYSE:BAC) upgraded Dell (NASDAQ:DELL) to "buy" from "neutral," with the price target raised to $18 from $16.50 • Adobe (NASDAQ:ADBE) was upgraded by analysts at Credit Suisse (NYSE:CS) from "neutral" to "outperform," with the price target raised to $39.50 from $35 • Peabody...
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Credit Suisse Sees PetSmart (PETM) As Outperformer
Tuesday, February 9, 2010 - 10:56am | 36Analysts at Credit Suisse upgrade PetSmart (NASDAQ: PETM) from "neutral" to "outperform." The target price for PETM has been raised from $25 to $29. PETM gained 0.12% to close at $25.38 yesterday.
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Benzinga's After Hours Gainers (TIVO, AMGN, UL, ODP)
Monday, February 8, 2010 - 8:39pm | 191TiVo Inc. (NASDAQ: TIVO) is among the names that are moving higher in the after hours trading session. The stock has climbed almost 10% and is currently trading at $9.60. I was unable to find any news that could account for the activity in TIVO shares. Another mover is Amgen (NASDAQ: AMGN), which...
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Amazon Rating Raised On The Future of The Kindle
Monday, February 8, 2010 - 11:22am | 165Kindle's rise lifts Amazon(Nasdaq: AMZN) to a buy rating at Collins Stewart. After a 10% slide in the stock in the past month, Collins Stewart analyst Sandeep Aggarwal upgraded the stock to a buy, citing the Kindle's strength in the all-important e-book sector. Aggarwal estimates that Amazon will...
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Consumer Credit Better Than Expected (SBUX, HOG, TIF)
Friday, February 5, 2010 - 5:03pm | 87Consumer Credit declined $1.8 billion in December after falling $21.8 billion in November. The consensus estimate called for consumer credit to decline by $10.0 billion. If consumers are cutting their credit use less than previously expected, they may be feeling better about their consumption...
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JAS January SSS Stride Past 4%, Forecast Beats Consensus
Thursday, February 4, 2010 - 10:07am | 107Jo Ann Stores (NYSE: JAS) has reported an increase of 4.4% in its January comparable SSS as compared to the Retail Metrics estimate of an increase of 2%. JAS’ net sales for the quarter climbed 5.3% to $602.2 million, from $571.9 million in the year ago quarter. The company has projected its EPS for...
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Come Listen To The Best Investment Minds At The Boys & Girls Harbor Investment Conference
Wednesday, February 3, 2010 - 11:51am | 248Today the Boys & Girls Harbor Investment Conference will bring together Wall Street's leading investors for a conversation about the latest market trends and cutting-edge investment ideas, at an intimate 200 seat venue. The Conference is co-chaired by William A. Ackman, Founder of Pershing...
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Bill Ackman's Comments Send Borders Soaring! (BGP, BKS)
Tuesday, February 2, 2010 - 6:52pm | 206Activist investor, Bill Ackman just appeared on Fast Money and made some very bullish comments about Borders Group (NYSE: BGP). His fund, Pershing Square, holds a large position in Borders (BGP). In the after hours the stock has absolutely skyrocketed, moving nearly 50% higher in the last few...
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TIF’s Stock Becomes Attractive On Pullback
Tuesday, February 2, 2010 - 2:28pm | 150Analyst Evren Kopelman of Wells Fargo Securities maintains his "outperform" rating on Tiffany & Co (NYSE: TIF), while raising his estimates for the company. According to Wells Fargo Securities, Tiffany & Co’s stock has underperformed the market over the past three weeks despite strong...
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Barnes & Noble Inc. (BKS) All Set To Breach Its 200 Day MA After Breaching Its 20 Day And 50 Day MA
Tuesday, February 2, 2010 - 12:45pm | 109Barnes & Noble Inc. (NYSE: BKS) has scaled above its 20 day and 50 day MA in a single session by mid-day trading on Tuesday as its largest shareholder, already holding 17% stake in stock, has announced his intentions to acquire upto 37% of Barnes & Noble Inc. (BKS) to take management...
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Analysts Maintain Barnes & Noble Hold Rating (BKS)
Tuesday, February 2, 2010 - 12:36pm | 150Analysts at Stifel Nicolaus maintained their Hold rating for Barnes & Noble, Inc. (NYSE: BKS). The analysts said that although it looked more likely that Yucaipa Investments would be successful in a takeover bid, this perception was already seen in the stock's price when it surged in after...
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Staples (SPLS) Settles Overtime Pay Lawsuits
Friday, January 29, 2010 - 12:54pm | 99Staples, Inc. (Nasdaq: SPLS) announced on Friday that it had reached a settlement in several overtime pay lawsuits. Staples agreed to pay $42 million to settle several cases at once, as well as to halt its appeal of a previous successful verdict against the company. The settlement is in regards to...