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Company News for October 25, 2010 - Corporate Summary
Monday, October 25, 2010 - 10:03am | 595• The Singapore Stock Exchange agreed to purchase its Australia-based peer, ASX, for $8.3 billion • Carlyle announced plans to buy CommScope (NYSE: CTV) for $31.50 per share • Lorillard (NYSE: LO) reported third quarter earnings of $1.81 a share, $0.17 higher than estimated, on revenues up 12.6% to...
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Office Depot Jumping In Pre-Market (ODP)
Monday, October 25, 2010 - 8:22am | 73Shares of Office Depot, Inc. (NYSE: ODP) are jumping in pre-market, gaining more than 5% to $4.90, a gain of 27 cents. Office Depot announced this morning that Steve Odland, Chairman and CEO, has resigned from the company, effective November 1. Office Depot also announced it that Q3 sales would be...
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Office Depot Announces Departure of Chairman and CEO
Monday, October 25, 2010 - 7:54am | 92Office Depot, Inc. (NYSE: ODP) announced earlier today that Steve Odland, Chairman and Chief Executive Officer since 2005, has resigned from the Company effective November 1, 2010 by mutual agreement with the Board of Directors. Neil R. Austrian, Lead Director, will serve as Interim Chairman and...
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Zings Of The Day (LGF, BAC, JPM, ODP)
Friday, October 22, 2010 - 4:22pm | 194The SEC accused Office Depot, Inc. (NYSE: ODP) and a few retired executives of providing certain analysts and shareholders with selective information. Office Depot settled the case with the SEC by paying with some staplers and paper clips. Carl Icahn and Lionsgate (NYSE: LGF) are stepping up their...
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Bearish MACD for Barnes & Noble, Inc. - Tale of the Tape
Friday, October 22, 2010 - 10:33am | 117Barnes & Noble, Inc.'s (BKS) MACD indicator has entered into bearish territory with a reading of -0.012. The Zacks #5 Rank (“Strong Sell”) stock fell slightly to $14.98 in morning trade. The Zacks Consensus Estimate for the year ending April 2011 has worsened by 28 cents over the past two...
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Mad Money Lightning Round: Cramer Prefers Nike Over Dicks Sporting Goods (XLNX, PPO, DKS, NKE, ATVI, ERTS, SNDK)
Friday, October 22, 2010 - 7:09am | 174On CNBC's Mad Money, Jim Cramer said during the Lightning Round that according to him, Xilinx (NASDAQ: XLNX) is a buy at $23 or $24. For Polypore (NYSE: PPO), he mentioned, "I think there is so much value here. I would not leave it now." Jim likes Dicks Sporting Goods (NYSE: DKS), but prefers Nike...
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SEC Charges Office Depot Executives With Improper Disclosure (ODP)
Thursday, October 21, 2010 - 3:02pm | 70The Securities and Exchange Commission has announced enforcement actions against Office Depot (NYSE: ODP) and two executives for violating or causing violations of fair disclosure regulations when selectively conveying to analysts and institutional investors that the company would not meet analysts...
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Barnes & Noble Announces NOOK™ eBook Reader Will Be Sold at Walmart
Thursday, October 21, 2010 - 8:34am | 101Barnes & Noble, Inc. (NYSE: BKS) today announced its award-winning NOOK eBook Reader will be sold in 2,500 Walmart stores (NYSE: WMT) and online at www.walmart.com. The popular NOOK devices are expected to arrive on Walmart shelves beginning as soon as October 24, in advance of the holiday...
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Goldman Sachs Reiterates Conviction Buy On Staples (SPLS)
Thursday, October 21, 2010 - 7:20am | 123Goldman Sachs reiterates its Conviction Buy rating Staples, Inc. (NASDAQ: SPLS), as the company is set to host its analyst meeting. It has a $24 price target. In a research note sent to clients, Goldman notes, "We believe 3Q guidance of $0.39-$0.41is achievable on modest sales – we stand at $0.41...
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Tractor Supply Company Reports Third Quarter EPS of $.43
Wednesday, October 20, 2010 - 4:02pm | 57Tractor Supply Company (Nasdaq: TSCO), the largest retail farm and ranch store chain in the United States, today announced financial results for its third fiscal quarter ended September 25, 2010. ~ Third Quarter Earnings per Share Increase 43.3% to $0.43 vs. $0.30 ~ ~ Third Quarter Same-Store...
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Leo Riggio Not to Form a Group to Acquire Barnes & Noble (BKS)
Wednesday, October 20, 2010 - 11:27am | 22Leo Riggio agrees not to form a group to acquire Barnes & Noble (NYSE: BKS).
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Big 5 Sporting Goods Corporation Announces New Credit Agreement
Tuesday, October 19, 2010 - 4:46pm | 146Big 5 Sporting Goods Corporation (Nasdaq: BGFV) today announced it has entered into a new credit agreement, arranged by Wells Fargo Capital Finance, with Wells Fargo Bank, as Administrative Agent and Collateral Agent, Bank of America, as Documentation Agent, PNC Bank and Union Bank. The new...
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Goldman Sachs Expects Bullish 2011 Outlook On Columbia Sportswear
Tuesday, October 19, 2010 - 9:28am | 168A recent note from Goldman Sachs discusses bullish 2011 outlooks from restocking + company initiatives on Columbia Sportswear (NASDAQ: COLM). It expects COLM to sound bullish on 2011 demand as retailers reinvest inventory to drive sales. Goldman says with many retailers near/above peak gross...
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PetSmart, Making Progress In Hardgoods Sales
Tuesday, October 19, 2010 - 8:49am | 122PetSmart, Inc.'s (NASDAQ: PETM) journey to become a better merchant (and drive hardgoods sales) is making tangible progress as the hardgoods resets of 2009 finally get traction and the company continues to introduce new products, J.P. Morgan reports. “Recall starting in late 2008, PETM began...
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Bullish MACD for Jo-Ann - Tale of the Tape
Monday, October 18, 2010 - 2:45pm | 114Jo-Ann Stores, Inc.'s (JAS) MACD indicator has entered into bullish territory with a reading of 0.0724. The Zacks #1 Rank (“Strong Buy”) stock increased more than 2% to $44.02 in afternoon trade. The Zacks Consensus Estimate for the year ending January 2011 has increased by 19 cents over the past...