Slow growth during the first half of the year caused the National Retail Federation to lower its retail sales forecast for 2014.» Read More
July 10- Discount retailer Family Dollar Stores Inc, under pressure from activist investor Carl Icahn to sell itself, said its profit fell by a third as the company cleared inventory ahead of planned store closures and competition intensified.
July 10- Discount retailer Family Dollar Stores Inc, under pressure from activist investor Carl Icahn to sell itself, said its profit fell by a third as the company cleared inventory ahead of store closures and competition intensified.
BENTONVILLE, Arkansas July 7- U.S. employers may be hiring again, but the job market recovery is not giving ordinary consumers enough confidence to increase their spending, a top Wal-Mart executive said on Monday.
A Nashville ETF and robotics ETF are on a growing list of oddball market bets. We put them to the test: Do they hold up as investments?
June 27- Dollar General Corp said CEO Rick Dreiling will retire next year, throwing into doubt a proposal by Carl Icahn to merge the discount retailer with Family Dollar Stores Inc.. Dollar General's shares fell as much as 8 percent and Family Dollar's as much as 4 percent in morning trading on Friday.
Some of Friday's midday movers:
*Nike rallies after results; DuPont drops as outlook cut. Nike Inc rose 1.6 percent to $78.15 a day after its fourth-quarter earnings beat expectations. However, those gains were offset on the Dow index as DuPont, a fellow component, cut its full-year operating profit outlook, sending shares down 4.3 percent to $64.81.
June 27- Dollar General Corp said Chief Executive Rick Dreiling would retire next year after about seven years at the helm, sending the discount retailer's shares down 7 percent.
*Nike rallies after results; DuPont cuts outlook, shares fall. Nike Inc rose 1.9 percent to $78.34 a day after fourth-quarter earnings beat expectations. However, those gains were offset on the Dow as DuPont, a fellow component, cut its full-year operating profit outlook, sending shares down 2.9 percent to $65.73.
Dollar General's Chairman and CEO Rick Dreiling announced he will retire in 2015. The "Squawk on the Street" crew, discuss available executive jobs in the retail industry.
June 27- Dollar General Corp said Chief Executive Rick Dreiling would retire effective May 30, 2015 or upon the appointment of a successor. Dreiling, 60, has served as the discount retailer's CEO since January 2008.
Some of the names on the move ahead of the open.
June 19- Activist investor Carl Icahn asked struggling retailer Family Dollar Stores Inc to put itself up for sale immediately, threatening a proxy war to replace the company's entire board if a sale process was not started.
Activist investor Carl Icahn said in a letter to firm CEO Howard Levine that "it is imperative that Family Dollar be put up for sale immediately."
After a string of mergers, Cramer thinks investors may be looking at significantly higher valuations in parts of the market.
*Apple sees heavy trading following stock split. NEW YORK, June 9- U.S. stocks were nearly flat on Monday after the Dow and S&P 500 hit intraday record highs again on more deal news, while Wall Street's fear gauge rebounded.
Photos taken by retail analyst Brian Sozzi show why Carl Icahn is targeting Family Dollar. The situation there is only getting worse.
*Apple sees heavy trading following stock split. NEW YORK, June 9- U.S. stocks edged higher on Monday, pushing the Dow and S&P 500 to intraday record highs again after a series of deals, though Wall Street's fear gauge also bounced back. Merck& Co said it has agreed to buy Idenix Pharmaceuticals Inc in a deal valued at about $3.85 billion.
Icahn reported on Friday a 9.39 percent stake in Family Dollar and said he was considering to push the $6.89 billion company for a merger with rival Dollar General Corp.. Family Dollar's shares rose as much as 16 percent to $70.30 on the New York Stock Exchange on Monday, while Dollar General's shares rose as much as 14 percent to $65.97.
Family Dollar adopted a one-year poison pill with a trigger of 10 percent, two days after Carl Icahn reported a stake in the company.