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Wal-Mart to Buy 51% of Massmart - Analyst Blog
Monday, November 29, 2010 - 5:31am | 569Wal-Mart Stores Inc (WMT) today announced its intention to acquire a 51% stake in the South African based consumer goods distributor Massmart Holdings Ltd. Wal-Mart has offered Massmart $2.4 billion (17 billion rand) or 148 rand per Massmart share, reflecting a 19.2% premium over the company's 30...
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Company News for November 29, 2010 - Corporate Summary
Monday, November 29, 2010 - 5:23am | 374• General Motors (NYSE: GM) announced that its underwriters exercised their greenshoe option to purchase an additional 71.7 million shares, helping the formerly bankrupt auto company notch up a record $23 billion • Quantas resumed flights of its Airbus A380 aircraft, the first since an explosion of...
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Earnings Scorecard: Ross - Analyst Blog
Monday, November 29, 2010 - 4:00am | 922On November 18, 2010, Ross Stores Inc. (ROST ) reported third-quarter fiscal 2010 earnings of $1.02 per share, which met the Zacks Consensus Estimate. The company expects earnings of $1.15 to $1.20 for the fourth quarter of fiscal 2010 and, for the fiscal 2010, the company expects to earn in the...
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How to Make A Hot Holiday Toy
Friday, November 26, 2010 - 9:57am | 338(TheStreet) -- Take that $50 Barbie doll with a digital camera and place it alongside a $9 16-pack of cute creature-shaped pencil toppers and you'll get a quick lesson in the anatomy of a hot holiday toy. With Toys R Us opening 600 pop-up shops this season, Target (NYSE: TGT) and Wal-Mart (NYSE:...
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What's Hot on TheStreet
Wednesday, November 24, 2010 - 4:11pm | 251Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet Fund Managers' Black Friday Stock Deals Investors may regard Wal-Mart (NYSE: WMT) and Target (NYSE: TGT) as the best Black Friday stock picks, but fund managers say International Speedway (NASDAQ: ISCA) and...
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The Big Winners In Online Shopping (AMZN, EBAY)
Wednesday, November 24, 2010 - 3:33pm | 292It's no secret that Amazon (NASDAQ: AMZN) and eBay (NASDAQ: EBAY) are the two kings of online shopping Amazon offers the greatest combination of selection and price, while eBay offers things from the around the world for a variety of prices, from everyone. In an article from Barron's written by...
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Why a Black Friday Stampede Won't Happen
Wednesday, November 24, 2010 - 3:10pm | 394(TheStreet) --There isn't a Black Friday discount deep enough to cost a consumer or store employee his or her life, which is what retailers and regulators are trying to make clear this year. After Jdimytai Damour, a 34-year-old temporary employee at a Wal-Mart (NYSE: WMT) in Valley Stream, N.Y.,...
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Initial Jobless Claims Plunge - Analyst Blog
Wednesday, November 24, 2010 - 12:01pm | 1976Initial Claims for Unemployment Insurance fell by 34,000 last week to 407,000 (last week was also revised up by 2,000, so one could see it as a 32,000 decline). This was much better than the expected level of 442,000. We can give thanks that we have be able to get out of the “trading range” that...
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How To Play Black Friday (TGT, BBY, WMT)
Wednesday, November 24, 2010 - 11:27am | 121Black Friday is one of, if not the biggest shopping day of the year. If you believe that shoppers will be going nuts and spending out of their minds this holiday season, then why not put a little coin in your pocket at their expense? Stores like Target (NYSE: TGT), Wal-Mart (NYSE: WMT) and Best...
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Option Strategies in Netflix (NFLX) as the Stock Eyes $200
Wednesday, November 24, 2010 - 8:40am | 1856The seemingly unstoppable force which is Netflix (NASDAQ:NFLX) continued higher on Tuesday even while the broader market reversed sharply lower in early trading. Yesterday, the company launched a streaming-only video subscription plan and upped the prices for its DVD mail delivery plans. These...
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Initial Jobless Claims Plunge - Analyst Blog
Wednesday, November 24, 2010 - 6:04am | 1976Initial Claims for Unemployment Insurance fell by 34,000 last week to 407,000 (last week was also revised up by 2,000, so one could see it as a 32,000 decline). This was much better than the expected level of 442,000. We can give thanks that we have be able to get out of the “trading range” that...
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BJ's Wholesale in Neutral Lane - Analyst Blog
Tuesday, November 23, 2010 - 7:00pm | 667We recently upgraded our recommendation on BJ's Wholesale Club, Inc. (BJ), a leading warehouse club operator in the United States, to Neutral with a price target of $49.00. Earlier we had an Underperform rating on the stock. Boasting a viable business strategy and a healthy balance sheet, BJ's...
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Citi Trends Misses, Sales Rise - Analyst Blog
Tuesday, November 23, 2010 - 2:30pm | 604Citi Trends Inc. (CTRN) recently reported sluggish fiscal 2010 third-quarter results. The company reported a net loss of $0.4 million compared with a net income of $0.6 million in the year-ago quarter. Loss per share came in at 3 cents versus earnings per share of 4 cents in the year-ago quarter...
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Humana to Buy Concentra - Analyst Blog
Tuesday, November 23, 2010 - 2:12pm | 750Amidst the concerns regarding funding cuts and the impact of the U.S. health care reform, Humana Inc. (HUM) has agreed to acquire Concentra, Inc. for $790 million in cash, to diversify and expand its footprint into medical services nationwide. Concentra is a private health care company based in...
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BJ's Wholesale in Neutral Lane - Analyst Blog
Tuesday, November 23, 2010 - 1:23pm | 667We recently upgraded our recommendation on BJ's Wholesale Club, Inc. (BJ), a leading warehouse club operator in the United States, to Neutral with a price target of $49.00. Earlier we had an Underperform rating on the stock. Boasting a viable business strategy and a healthy balance sheet, BJ's...