CNBC's David Faber and Jim Cramer, discuss the possible sale of PetSmart as the company has been under pressure from activist investor Jana Partners to put itself on the block.» Read More
Some of Thursday's midday movers:
Discussing what's behind the stock market rally and where PetSmart is going, with Bob Olstein, Olstein Capital Management CEO.
NEW YORK, July 3- The Dow industrials broke above the 17,000 milestone on Thursday and the S&P 500 came within 1 percent of piercing through 2,000 after the U.S. unemployment rate fell to its lowest in almost six years and the American economy created many more jobs than forecast. With the Dow at 17,000, Main Street is expected to take a closer look at stocks.
July 3- Activist hedge fund Jana Partners LLC said it planned to ask PetSmart Inc to explore a sale, sending the pet product retailer's shares up 15 percent. Jana Partners reported a 9.9 percent stake in PetSmart in a regulatory filing, making it the company's largest shareholder.
*Payrolls much higher than forecast, unemployment rate matches lowest since Sept 2008. NEW YORK, July 3- U.S. stocks were set to rise at the open on Thursday after the unemployment rate fell to its lowest in almost six years and the American economy created many more jobs than forecast.
CNBC's Jim Cramer assesses Jana Partners' stake in PetSmart. Cramer says the website is terrible but if they get the omni-channel right then the business is worth a lot.
July 3- Activist hedge fund Jana Partners LLC said it planned to ask PetSmart Inc to explore a sale, sending the pet products retailer's shares up 13 percent in premarket trading.
Looking at recent earnings, Jim Cramer has noticed a somewhat common theme among those companies doing well.
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.
Amid thousands of pet illness complaints and an ongoing FDA investigation, PetSmart plans to pull the treats by March 2015.
Some of Wednesday's midday movers:
After a batch of new earnings reports, the overall trend remains the same: disappointing.
Michael Lasser, hardline retail analyst at UBS, says PetSmart is facing "intense" competition from online retailers.
Fed watchers could be spiced up with some new information on the Fed's post-bond buying strategy, which may lead to even more market volatility.
*Aeroflex jumps; Cobham to buy Aeroflex for $1.46 bln. NEW YORK, May 20- U.S. stocks fell in a broad selloff on Tuesday, with major indexes hitting session lows in afternoon trading, led by losses in the retail sector after disappointing results from Staples and TJX Companies.
Stocks are likely to take their cue from the bond market, as traders worry low yields are a warning the economy isn't springing back.
Four months later, Age Group and PetSmart struck a deal under which PetSmart would buy Stewart-branded pet products from Age Group. Martha Stewart Living disparaged Age Group to PetSmart and withheld approval of pet products to try to get PetSmart to contract directly with Martha Stewart Living, according to the complaint.
Here are eight signs the amount of money being spent on pets shows they've become a big consumer class in the U.S.
We're very much investing online and using technology to deepen the connection with our customers, says David Lenhardt, PetSmart CEO, discussing how his company is using technology to capitalize on the big growth in the pet products segment.
Some of Wednesday's midday movers: