Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Stocks to Watch: Family Dollar, Gap, General Motors, McKesson, Wal-Mart


So fresh and So clean.


Stocks to watch for Monday, November 27

  • On Friday, AMR (AMR), parent company of No. 1 U.S. carrier American Airlines, said 18% of the value of debt it offered to redeem was tendered by Wednesday in a purchase offer. AMR said $276.5 million of $338.4 million in debt securities will remain outstanding.
  • Bombardier's (BBDA) Aerospace unit said M1 Travel Ltd. has ordered two Q400 turboprop airliners, and taken options on an additional four. The order is worth $51 million, and the Q400 aircraft will be operated by Flybaboo SA.
  • Companhia Vale do Rio Doce (RIO) said it has signed a new 15-year contract with ThyssenKrupp Steel AG to supply iron ore and pellets to ThyssenKrupp CSA Companhia Siderurgica, which is a joint venture between ThyssenKrupp and CVRD. CVRD will supply 2.7 million tons of pellets and 5.9 million tons of iron ore per year to CSA.
  • Dearborn Bancorp (DEAR) declared a stock dividend of one share of its common stock for each 20 shares owned by stockholders of record as of Dec. 8. The stock dividend will be distributed on Dec. 22.
  • The chief executive of Deutsche Bank (DB), Josef Ackermann, has agreed with state prosecutors to pay a 3.2 million euro fine in connection with the approval of bonuses to Mannesmann officials in 2000. The bonus award came after the mobile phone company's board approved its takeover by Vodafone Group (VOD). Judges will decide whether the settlement will be accepted next week.
  • Donaldson (DCI) is expected to report earnings per share for the first quarter of $0.43
  • Family Dollar (FDO) said it won't file its annual report by the Friday extended deadline due to its continuing investigation into stock options.
  • Fossil (FOSL) said it has received a Nasdaq non-compliance notice over the company's failure to file its Form 10-Q for its third quarter ended Oct. 7. The watchmaker plans to request a hearing before a Nasdaq panel to request continued listing on the exchange.
  • As Gap (GPS) heads into the critical holiday season, it has a flurry of small projects in the works. But big questions still loom about its troubled Gap and Old Navy brands -- two years after it started pressing for a turnaround.
  • Kerkorian's decision to sell $462 million of General Motors (GM) shares likely will further pressure CEO Wagoner and leave investors asking if it foreshadows an exit strategy or a move to step up attacks.
  • McKesson (MCK) said it has renewed its supply agreement with Wal-Mart (WMT). McKesson said the renewal extends a distribution agreement that dates back to 1988, and maintains McKesson as the primary supplier of brand pharmaceuticals for Wal-Mart stores in the U.S.
  • Odyssey Re Holdings (ORH) said Patrick Kenny has been elected a director. He has been appointed to its Audit, Compensation, and Transaction Review committees. Frank Bennett has resigned from the board.
  • Quest Software (QSFT) said M. Brinkley Morse, the company's senior vice president of corporate development, has resigned after he declined to be interviewed by a special committee investigating the company's historical stock option grant practices.
  • Trammell Crow (TCC) said it has obtained Federal Trade Commission antitrust approval for its proposed merger with CB Richard Ellis Group (CBG). Trammell said it was notified of early termination of the waiting period under the Hart-Scott-Rodino antitrust law, and the company expects to close the merger about Dec. 20, pending approval from its shareholders, who will receive $49.51 per share in cash.
  • Wal-Mart (WMT) has signed a deal with Indian telecom company Bharti Airtel, to open a chain of retail stores across India.

Market Update

  • Asian trading closed with the Hang Seng -0.29%, Sensex +0.51%, Taiwan +0.95%, Shanghai -0.17% and Nikkei +0.93%.
  • A check of the European bourses finds the CAC -0.61%, DAX -0.86%, FTSE -0.47% and Swiss Mkt -0.55%.
  • Crude oil is trading +0.17 to 59.41 while gold is +9.3 to 638.3
< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos