David Strasser News
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As Wal-Mart Stores Inc. prepares to anoint the fifth chief executive in its history, the world’s largest retailer is grappling with challenges founder Sam Walton never faced.
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HD Supply Holdings Inc., the construction-supply business owned by private-equity firms including Carlyle Group LP, filed for a $1 billion U.S. initial public offering.
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Nov. 14 (Bloomberg) -- David Strasser, an analyst at Janney Montgomery Scott LLC, talks about Home Depot Inc.'s third-quarter profit reported yesterday and growth outlook. Home Depot, the largest U.S. home-improvement retailer, said net income rose 1.4 percent to $947 million, or 63 cents a share. Strasser speaks with Tom Keene and Sara Eisen on Bloomberg Television's "Surveillance." (Source: Bloomberg)
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Samsung Electronics Co., stepping up a battle with Apple Inc., will staff mini-stores at Best Buy Co.’s U.S. locations to showcase how its tablets, smartphones and televisions work together. Best Buy shares surged.
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The payroll tax increases and delayed tax returns that Wal-Mart Stores Inc. executives blamed in internal e-mails for weak February sales may be poised to hurt other retailers as well.
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Pearson Plc agreed to buy a 5 percent stake in the Nook e-reader unit of struggling bookstore chain Barnes & Noble Inc., joining Microsoft Inc. as a backer of the business.
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Target Corp. raised its annual profit forecast as the second-largest U.S. discount retailer increases sales by adding groceries and enticing more spending from customers with a discount card.
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Barnes & Noble Inc. gained after Chairman Leonard Riggio said he will offer to buy the stores and website of the chain he founded more than 40 years ago as it struggles to navigate the rising popularity of digital books.
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Target Corp., the second-largest U.S. discount chain, said sales this month started slowly as shoppers face higher gas prices and payroll taxes, mirroring what Wal-Mart Stores Inc. reported last week.
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Home Depot Inc. and Lowe’s Cos. have the most at stake among retailers facing a dockworkers’ strike, with possible port closings cutting off shipments right before the lucrative gardening season.
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