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Newspaper
The Gaston Gazette
Location
Gastonia, North Carolina, United States of America
Date
Jun 03, 2016
Page
6
Conn's Inc falls 3.08 to 8.63 after cutting guidance and announcing management shakeup following disappointing quarterly results. DeVry Education Group drops 2.36 to 15.84 as CFO resigns and Credit Suisse lowers the stock rating.
Bed Bath & Beyond plans a 2 million remodeling for its new 401 Cox Road site in Gastonia, moving from Franklin Square to a former Lowes Foods location near Wal Mart and Target. Choate Construction will upgrade the interior roof and facade, aiming to finish by September. The Franklin Square space, owned by Brixmor, will be vacated by early 2017 as negotiations to re-lease continue.
Tribune Publishing abandons its old name to become Tronc Inc, signaling a shift to online content focus with TroncX technology. The move coincides with Gannett’s $864 million bid and a shareholder vote on directors. Analysts say the rename is symbolic while the takeover remains unsettled.
Wal Mart Stores posted a surprise one percent revenue rise in the first quarter driven by investments in U S workers and store improvements. The Bentonville retailer said wage and training upgrades and better store conditions boosted sales at existing outlets as it faces competition from dollar stores and Amazon. Analysts maintain a hold on the stock as online and global sales slow while shares hover near seventy one dollars.
Footnotes describe dividend classifications for local stocks including extra dividends not included, annual rate changes from recent announcements, and sums of dividends paid this year. Key codes explain payouts in cash or stock, accumulations, and notes on closed-end funds and P/E indicators.
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