Hot Topic Inc
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Talk about a Jedi mind trick — Madison Avenue wants in on Star Wars' "force."
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New York and Chicago- based Guggenheim has hired former Barclays head of investment banking for retail companies and vice chairman Andrew Taussig as well as managing directors Spencer Hart, Matthew Pilla, Ken Harada and Ryan Mash, the firm said in a press release last week.
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Talk about a Jedi mind trick — Madison Avenue wants in on Star Wars' "force."
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Stocks finished higher Thursday, with the Dow posting fresh all-time highs for the third-straight day, following an upbeat weekly jobless claims report and ahead of the widely-watched monthly government jobs data.
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*Dow hits third straight intraday record high. NEW YORK, March 7- U.S. stocks closed modestly higher on Thursday, with the Dow ending at a record for a third straight day as jobless claims data pointed to a pick-up in the labor market's recovery a day before the closely watched payrolls report.
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*Gap shares surge after Feb sales, Zumiez falls. NEW YORK, March 7- U.S. stocks rose modestly on Thursday, with the Dow hitting its third straight intraday record as jobless claims data pointed to a pick-up in the labor market's recovery a day before the closely watched payrolls report.
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*Dow up 0.3 pct, S&P 500 up 0.1 pct, Nasdaq up 0.1 pct. NEW YORK, March 7- U.S. stocks advanced on Thursday, pushing the Dow to an intraday record for a third session, as jobless claims data pointed to a pick-up in the labor market's recovery and investors looked for opportunities to buy into the recent rally. Shares of Dow component Bank of America rose 2.3 percent to $12.19.
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*Costco same-store sales up 6 percent; Gap up 3 percent. March 7- Gap Inc and Costco Wholesale Corp were among several U.S. chains on Thursday to report stronger-than-expected sales for February, when consumer confidence about an improving job market offset the impact of higher taxes.
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*Indexes up: Dow 0.3 pct, S&P 0.2 pct, Nasdaq 0.2 pct. NEW YORK, March 7- U.S. stocks edged higher for a fifth day on Thursday, with the Dow hitting an intraday record for the third session in a row, as data pointed to a pick-up in the labor market recovery and investors looked for opportunities to buy into the recent rally.
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*Hot Topic shares rise 29.8 pct in morning trade. March 7- Private equity firm Sycamore partners will take teen apparel retailer Hot Topic Inc private in a $600 million deal, adding to a retail portfolio that includes Talbots Inc..
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*Costco comparable sales up 6 percent, Limited up 3 percent. March 7- Victoria's Secret parent Limited Brands Inc and Costco Wholesale Corp were among several U.S. chains on Thursday to report stronger-than-expected sales for February, when consumer confidence about an improving job market offset the impact of higher taxes.
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March 7- Teen apparel retailer Hot Topic Inc said it will be bought by private equity firm Sycamore Partners for about $600 million. Sycamore will pay $14 per share in cash, a 30 percent premium to Hot Topic's Wednesday close of $10.75 on the Nasdaq.
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March 7- Teen apparel retailer Hot Topic Inc said it will be acquired by private equity firm Sycamore Partners for about $600 million.
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After a difficult January, when shoppers first felt the effect of a payroll tax hike that lowered take-home pay by 2 percent, some retailers got a little relief in February from growing employment and a rising stock market.