FeedPosted Jan 14th 2010 6:00PM by Steven Mallas (RSS feed)
Filed under: Press Releases, Wal-Mart (WMT), Target Corp. (TGT), Best Buy (BBY)
Target Corporation (TGT), a retailer that competes with Wal-Mart Stores, Inc. (WMT) and Best Buy Co., Inc. (BBY), had some good news today for its shareholders. Management has decided to reinstate its stock buyback program. According to the press release, the company believes the economic environment has improved to the point where reducing some of its float could be a worthwhile investment.
This buyback is a continuation of a $10 billion program begun back in November 2007. About half of that sum has already been spent; the remainder of the allocation is expected to be used up in two to three years. So, this isn't an aggressive move, certainly. And, as always, evolving market conditions can affect the intended schedule.
Continue reading Target Thinks Its Stock Is a Good Investment -- Should You?
Posted Dec 10th 2009 4:30PM by Sheldon Liber (RSS feed)
Filed under: Other Issues, Good news, Press Releases, Products and Services, Management, Consumer Experience, Rants and Raves, Competitive Strategy, Marketing and Advertising, Next Big Thing, Money and Finance Today, Workspace, Media World, Headline News, AOL (AOL)

In the wee morning hours just prior to the market opening I had given some thought to shorting AOL Inc. (
AOL) on its first day as a newly independent company. Yes, that same company that owns Bloggingstocks.com and a multitude of other interesting Internet "content" icons (and some not yet so). However, I did not do it because it would have been too impulsive and that is rarely a good investment strategy.
I was stunned that we changed our logo. And we changed it to what seems like a team of logos instead of one. That seems bizarre to me if you're trying to build a brand. It is also ironic since we are planning on making money on advertising, and we will be muddling our own brand.
Continue reading AOL, I mean Aol, did not tank!
Posted Dec 2nd 2009 4:30PM by Connie Madon (RSS feed)
Filed under: Major Movement, International Markets, Rumors, Press Releases, Middle East, Market Matters, Headline News, Financial Crisis
The Dubai crisis is not going away. Government owned Dubai World has scheduled a meeting with creditors to discuss the possible settlements.
What is most troubling is that the government of Dubai has refused to guarantee Dubai World's debt. That creates an international situation. While it has not been confirmed, it is believed that Standard Chartered Bank, HSBC, Lloyds, Royal Bank of Scotland and local lenders Emirates NBD, Abu Dhabi Commercial Bank are key creditors.
Continue reading Dubai World to meet with creditor panel to discuss debt crisis
Posted Nov 2nd 2009 8:00AM by Connie Madon (RSS feed)
Filed under: Press Releases, Management, Industry, Annual Meetings, Live Coverage, Market Matters, Headline News, Recession, Financial Crisis
Century-old CIT Group Inc filed for bankruptcy in the Southern District Court of New York on Sunday.
According to the terms of the bankruptcy, bondholders will hold new CIT Group Inc. (NYSE: CIT) debt worth about 70% of the face value of the old debt. Preferred creditors, including the U.S. government, will get money only after other creditors are paid back. Common shareholders will receive nothing.
In December 2008, the U.S. government invested $2.33 billion dollars in CIT under the Troubled Asset Relief Program (TARP).
Continue reading CIT files for prepackaged bankruptcy
Posted Sep 30th 2009 8:20AM by Michael Fowlkes (RSS feed)
Filed under: Major Movement, International Markets, Earnings Reports, Deals, Good news, Press Releases, Time Warner (TWX), Pfizer (PFE), Market Matters, Walgreen Co (WAG), Whole Foods Market (WFMI), Xerox Corp (XRX), Staples Inc (SPLS), American Eagle Outfitters (AEO)

All three of the major indexes finished Tuesday in the red, but there were several big names that moved up to new 52-week highs in Tuesday's trading.
Walgreen Co. (NYSE:
WAG): The drugstore giant had a really good day on Wall Street after posting
better than expected earnings in the morning before the market opened. The company posted earnings of 44 cents per share versus analyst estimates of 39 cents. The stock set a new 52-week high of $38.44 and closed the day up 9.2% at $37.35.
Continue reading Some big names set new 52-week highs Tuesday: WAG, ACS, WYE ...
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