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Chewy, GameStop, Bed Bath & Beyond: How Have Ryan Cohen's E-Commerce Bets Performed?
Monday, March 7, 2022 - 12:39pm | 1066Shares of Bed Bath & Beyond Inc (NASDAQ: BBBY) were surging Monday on the heels of news that Ryan Cohen took a stake in the company and is pushing for changes. Here’s a look at how Cohen’s biggest e-commerce bets have fared. What Happened: It was announced over the weekend...
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NCAA Athletes Can Now Make A Profit Off Their NIL: What To Know And Some Early Deals
Thursday, July 1, 2021 - 4:34pm | 481A historic ruling years in the making will see NCAA athletes allowed to profit from their name, image and likeness. What Happened: The NCAA adopted a policy on incoming and current student-athletes to begin receiving money from their name, image and likeness (NIL) beginning July 1. “This is...
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Bulls And Bud Of The Week: True Leaf And 'Mary Janes: The Women Of Weed'
Wednesday, March 6, 2019 - 1:05pm | 973Welcome to the fourth installment of “Bulls and Bud,” where we take a look at some of the most promising stocks and brands in the legal cannabis industry. True Leaf I was once accused of caring for dogs more than people. This, after spending close to $3,000 to cover the cost of a...
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Credit Suisse: PetSmart Is Targeting PetMed's Core Business
Friday, September 29, 2017 - 11:04am | 358Going into Thursday, Credit Suisse was already leery of Petmed Express Inc (NASDAQ: PETS), and the formal launch of PetSmart’s online pharmacy only reinforced their skepticism. “We reiterate our Underperform rating as PETS continues to face challenges from multiple angles, particularly...
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Launch Of PetSmart Pharmacy Prompts Plunge In Petmed
Thursday, September 28, 2017 - 11:55am | 187Petmed Express Inc (NASDAQ: PETS) was in freefall Thursday after competitor PetSmart announced online ordering, auto-refills and home delivery for veterinary prescriptions, over-the-counter medications and diet formula pet foods. PetSmart Pharmacy hopes to tap into a $10 billion pet drug market and...
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BC Partners Co-Chairman On Completing $8.25 Billion PetSmart Deal
Wednesday, March 11, 2015 - 2:14pm | 323BC Partners completed its $8.25 billion leveraged buyout of PetSmart, Inc. (NASDAQ: PETM) on Wednesday and appointed Michael Massey as the new CEO of the company. Raymond Svider, co-chairman of BC Partners, was on CNBC Wednesday to talk about the acquisition. Relaxed About Debt "...
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#PreMarket Primer: Monday, December 15: Hostages Taken In Downtown Sydney
Monday, December 15, 2014 - 8:52am | 1005An armed man took several hostages inside a downtown Sydney cafe and forced them to display the Islamic flag, raising suspicions that the attack was carried out by supporters of Islamic militants and their war in the Middle East. As of 7:00 GMT, five of the hostages had been released, but police...
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Markets Little Changed After Release Of Fed Minutes
Wednesday, November 19, 2014 - 6:19pm | 1123U.S. stocks ended Wednesday's trading session little changed after Fed officials expressed an ongoing concern that inflation may remain at low levels for some time despite efforts to boost the economy, according to October's FOMC minutes. “The information reviewed for the October...
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Jana Partners 13F Filing Shows Moves In Alibaba & Other Big Names
Friday, November 14, 2014 - 12:34pm | 411In a 13F filing report on Friday, activist hedge fund Jana Partners reported all positions it held as of September 30, 2014. Jana Partners closed out positions in the following: Sold 200,000 shares of CBS Corporation (NYSE: CBS) class A shares and 4,127,149 shares of CBS Class B shares....
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Markets Continue To Rally Ahead Of Yellen's Speech At Jackson Hole
Thursday, August 21, 2014 - 5:16pm | 2993U.S. stocks rose as the S&P 500 toppled to a new all-time high of 1,994.76 while the Dow rose above the 17,000 mark following positive economic reports. Speaking from Jackson Hole, San Francisco's Federal Reserve President John Williams stated that raising the benchmark interest rate...
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Dow Flirts With 19,000, S&P 500 Approaches 2,000 & NASDAQ Trading At 14-Year Highs
Tuesday, August 19, 2014 - 4:35pm | 2619U.S. stocks rose as geopolitical events took a back seat and investors found positives in housing and consumer price index data released Tuesday. The markets followed the lead of Apple which closed at an all-time split-adjusted high of $100.53. Earnings from Home Depot and TJX Companies also...
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Is PetSmart In The Doghouse With Jana Partners Following Anonymous Package?
Monday, August 18, 2014 - 11:38am | 168Jana Partners, the activist firm that has been pushing for a sale of PetSmart (NASDAQ: PETM) disclosed in a 13D filing that it received an anonymous, unsolicited package containing a presentation believed to be prepared by PetSmart management. A cover letter was included with the presentation,...
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Jefferies Mostly Positive On Retailers Ahead Of Earnings
Tuesday, August 12, 2014 - 11:53am | 1212Jefferies analyst Daniel Binder released an earnings preview ahead of major retailers that are set to announce quarterly results. “We started the second quarter with conservative estimates and early reports have been mixed,” Binder wrote in a note to clients on Tuesday. “We...
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Deutsche Bank: An Activist Investor May 'Perhaps' Show Interest In Pier 1 Imports
Monday, August 11, 2014 - 9:59am | 485When Pier 1 Imports (NYSE: PIR) reported its first quarter results on June 19, the company's earnings per share and revenue fell short of what analysts expected. In addition, Pier 1 Imports lowered its full year fiscal 2015 earnings per share guidance to a range of $1.14 to $1.22 from $1.16...
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Stocks Lower As Earnings Season Takes Back Seat To Geopolitical Uncertainties
Tuesday, July 29, 2014 - 4:37pm | 2823U.S. stocks fell as the Dow dipped below the 17,000 marks as geopolitical concerns become a main focus. In a televised statement, President Obama said the United States will expand on sanctions meant to hurt Russia's energy, defense and financial sectors. The move follows Russia's...