If Dollar Tree and Family Dollar complete a merger, stores should improve markedly, which may raise concern for competitors.» Read More
June 9- Family Dollar Stores Inc adopted a one-year poison pill with a trigger of 10 percent, two days after activist investor Carl Icahn reported a stake in the company. Icahn reported a 9.39 percent stake in the company on Friday, making him its largest shareholder.
*Apple may see heavy action following stock split. NEW YORK, June 9- U.S. stock index futures pointed to modest losses at the open on Monday, as a rash of corporate deals weren't enough reason for investors to keep buying following a rally that has taken major indexes to repeated record highs.
Some of the names on the move ahead of the open.
June 6- Hedge fund billionaire Carl Icahn became the largest shareholder in Family Dollar Stores Inc after reporting a 9.39 percent stake in the company on Friday, and said he may seek representation on its board. Shares of Family Dollar, struggling under declining sales, rose as much as 12 percent in extended trade on Friday.
June 6- Activist investor Carl Icahn has reported a 9.39 percent stake in Family Dollar Stores Inc and said he could push for major changes or a sale of the company. Shares of Family Dollar, struggling under declining sales and profit, rose as much as 10 percent in extended trading on Friday.
June 6- Activist investor Carl Icahn has reported a 9.39 percent stake in Family Dollar Stores Inc, and said he plans to talk to the convenience store operator about strategies, which may include exploration of strategic alternatives. Shares of Family Dollar, struggling under declining sales and profit, rose about 10 percent in extended trading on Friday.
"Hope to continue our streak of value enhancement," Icahn said, in a tweet.
June 3- Discount retailer Dollar General Corp said it expects gross margins to improve in the second half of the year as it focuses on more profitable products such as accessories and stationery items priced at $1- $5. Dollar General shares rose as much as 5 percent on Tuesday.
June 3- Discount chain Dollar General Corp stuck to its full-year profit forecast despite reporting a first-quarter profit below analysts' estimates. The retailer said it expects to earn $3.45- $3.55 per share for the year ending January 2015.
The market is schizophrenic. It's time for the Fed to get lost — and let the recovery chug along on its own, says Michael Farr.
Some of Thursday's midday movers:
May 15- Wal-Mart Stores Inc forecast a profit for the current quarter that fell short of analyst expectations after quarterly sales grew at their slowest pace in nearly five years. One in five of Wal-Mart's customers relies on government food stamps, which can be used instead of cash to buy groceries.
April 10- Family Dollar Stores Inc, seeking to reverse declining sales and profit, said on Thursday it is slashing prices to win shoppers, cutting jobs, and shutting hundreds of stores. Family Dollar Chief Executive Howard Levine, on a call with investors, pointed to "a more financially constrained consumer," echoing recent comments from rivals.
U.S. stocks fell Thursday, with Wall Street pausing after a two-session win streak.
Some of Thursday's midday movers:
*Bed, Bath& Beyond slumps after earnings. *Bed, Bath& Beyond shares slumped 6 percent to $63.85 before the opening bell after the domestic merchandise retailer reported fourth-quarter earnings. *Family Dollar Stores Inc lost 1.8 percent to $58 in premarket after it reported second-quarter results and gave an outlook that fell short of expectations.
U.S. stock index futures signaled a lower open on Thursday, with shares in Asia and Europe boosted after dovish minutes from the latest Fed meeting.
April 10- Family Dollar Stores Inc, a convenience store operator, said it would cut jobs, shut about 370 underperforming stores and lower prices on about 1,000 basic items. The job cuts and store closures are expected to reduce annual operating costs by $40 million to $45 million beginning third quarter of fiscal 2014, the company said.
The "Fast Money" traders share their final trades of the day.
Traders are watching to see if once high-flying Internet, social media and biotech names can stabilize or whether they will ensnare the broader market in a bigger downdraft.