Brian Sozzi News
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U.S. stocks erased gains as optimism about Federal Reserve plans to buy more bonds faded, with investor focus returning to the budget deadlock in Washington. The dollar pared losses; Treasury yields remained higher.
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Wal-Mart Stores Inc. is the new gold.
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Target Corp. , the second-largest U.S. discount retailer, posted a 2.7 percent gain in first-quarter profit that beat analysts’ projections, bolstered by a credit- card business it may sell this year.
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One of the bright spots for Gap Inc. during the economic slump was yoga pants.
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Teen retailers Abercrombie & Fitch Co., Aeropostale Inc. and American Eagle Outfitters Inc. will stop reporting monthly sales after tomorrow, which may make it harder for investors to evaluate the companies.
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Walgreen Co., the biggest U.S. drugstore chain, agreed to buy a 45 percent stake in Alliance Boots GmbH for $6.7 billion in an attempt to create a global chain of pharmacies.
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Sealy Corp.’s directors and controlling shareholder KKR & Co. were accused in an investors’ lawsuit of shortchanging the mattress maker’s stockholders by backing a $229 million buyout bid by rival Tempur-Pedic International Inc.
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American Eagle Outfitters Inc . surged the most in almost two years in New York trading on speculation the Pittsburgh-based teen-clothing retailer may be a takeover target.
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Wal-Mart Stores Inc.’s global operations were designed to help it become less reliant on its mature U.S. business. Now Wal-Mart is grappling with possible bribery in Mexico, its second-largest foreign market, potentially putting the global strategy in peril.
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Wal-Mart Stores Inc., the world’s largest retailer, dropped in New York trading after its forecast for profit this year trailed some analysts’ estimates amid slowing sales growth in the U.S.
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