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Wal-Mart and Humana Team Up For Low-Cost Drug Plan (WMT, HUM)
Friday, October 1, 2010 - 9:28am | 162Wal-Mart Stores Inc. (NYSE: WMT) and Humana Inc. (NYSE: HUM) announced today that the two companies have teamed up to offer the lowest-cost prescription drug plan in the United States. The companies are looking to further steal away sales for rivals. According to William Fleming, a Humana vice-...
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Piper Jaffray Raises Estimates For Costco
Friday, October 1, 2010 - 8:36am | 93Piper Jaffray has increased the price target for Costco Wholesale (NASDAQ: COST) from $68 to $72 and reiterates its Overweight rating. In the research report, Piper Jaffray writes "We are increasing our F11 EPS estimate from $3.20 to $3.29. Our F11 revenue estimate of ~$83B is in line with current...
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Race to the Bottom
Friday, October 1, 2010 - 7:27am | 920By Peter Schiff, president of Euro Pacific Capital Long ago, before economic models developed their current levels of sophistication, it used to be that the goal of a government's economic policy was to bring prosperity to its citizens; in other words, to raise the general level of material comfort...
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Initial, Total Jobless Claims Fall - Analyst Blog
Thursday, September 30, 2010 - 2:24pm | 1588Initial Claims for Unemployment Insurance fell by 16,000 last week to 443,000. That more than reverses last week's increase. Since claims can be volatile from week to week, it is better to track the four-week moving average to get a better sense of the trend. It declined by 6,250 to 458,000. After...
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Jefferies Reiterates Buy Rating on Wal-Mart (WMT)
Thursday, September 30, 2010 - 9:23am | 149Jefferies & Company is out with a research report this morning, where it reiterates its Buy rating on Wal-Mart (NYSE: WMT); it has a $61.00 price target on the stock. The Jefferies analysts said that they continue to recommend shares based on the idea that a reversal of flawed merchandising...
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Charles Holley To Succeed Tom Schoewe As CFO Of Wal-Mart
Thursday, September 30, 2010 - 7:16am | 99Citigroup has published a research report on Wal-Mart Stores Inc. (NYSE: WMT). In the report, Citigroup writes "While WMT's announcement that Charles Holley would replace Tom Schoewe as CFO of the company was unexpected, we do not anticipate a significant change in strategy, as the management...
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Charles Holley To Replace Tom Schoewe As Wal-Mart CFO
Thursday, September 30, 2010 - 6:19am | 127Wal-Mart Stores Inc (NYSE: WMT) has announced the retirement of company's Chief Financial Officer (CFO) Tom Schoewe. WMT has promoted Charles Holley to the post of CFO, with effect from November 30. Wal-Mart CEO Mike Duke said, "Charles has great expectations both inside Wal-Mart and externally....
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Stocks To Watch For September 30 (ACN, WMT, MKC, WOR, LWSN)
Thursday, September 30, 2010 - 4:34am | 198Some of the stocks that may grab the investor focus today are: Wall Street expects Accenture Plc (NYSE: ACN) to post its FQ4 EPS at $0.63. ACN's shares fell 0.28% to $42.18 in after-hours trading. Wal-Mart Stores Inc (NYSE: WMT) has appointed Charles Holley as its Chief Financial Officer (CFO)....
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Walmart (WMT) Gets A New CFO
Wednesday, September 29, 2010 - 7:29pm | 97Walmart (WMT) named a new CEO today. Charles Holley will take over for the retiring Tom Schoewe. Schoewe had been with the nation's largest retailer for the past 10 years. Walmart has had a high turnover in executive ranks as the company is trying to improve its operating performance. Walmart has...
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Walmart Elects Charles Holley New CFO
Wednesday, September 29, 2010 - 4:14pm | 52Wal-Mart Stores, Inc. (NYSE: WMT) today announced that its board of directors has elected Charles Holley, 54, to succeed Tom Schoewe as the company's chief financial officer. The change will be effective Nov. 30, and Schoewe will stay on until Jan. 31 to help with the transition.
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Option Strategies for Range-Bound Wal-Mart Stores (NYSE:WMT)
Wednesday, September 29, 2010 - 8:57am | 1736Wal-Mart's (NYSE:WMT) plan for world domination has extended to the Cape of Good Hope. The world's largest retailer has announced its intention to spend nearly $4.8 billion on the South African chain of Massmart low-cost retail stores. The Congress of South African Trade Unions (Cosatu) quickly...
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The Boom in Stock Buy Backs
Tuesday, September 28, 2010 - 11:30am | 423Buybacks are booming. Standard & Poor's says that, according to preliminary results, cash-rich companies spent $77.64 billion on share repurchases during the second quarter. That's up 220.9% from the record low of $24.2 billion registered during the second quarter of 2009; up 40.5% from the...
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Kodak Renews Walmart Contract - Analyst Blog
Tuesday, September 28, 2010 - 12:03am | 567Eastman Kodak Company (EK) recently renewed its contract with Canadian subsidiary of Wal-Mart Stores Inc. (WMT), Walmart Canada Corp. The subsidiary is a leading photo retailer in Canada. The contract was renewed so as to that Walmart Canada remains Eastman Kodak'sprimary operator for retail photo...
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Bond & Equity Markets Realigning 09-27-2010
Monday, September 27, 2010 - 6:31pm | 852Cusick's Corner The market sold off into the close, realigning the Bond and Equity markets today. In previous months this situation held true, “as Bond yields go, so does the market” only to be decoupled this month up until today. The 10 year pulled back hard today, and into the last half hour of...
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Zings Of The Day (ACV, JBLU, UL)
Monday, September 27, 2010 - 4:06pm | 222Unilever (NYSE: UL) announced it was buying Alberto-Culver (NYSE: ACV) for $37.50 per share. This is a 19% premium to Alberto-Culver's closing price on Friday. The deal is important because now some one will actually buy Alberto-Culver products, unlike the American consumer. JetBlue (NASDAQ: JBLU...