Supervalu Inc (SVU) 6.92 $SVU
Reynolds Reappoints Cameron as CEO - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Apr 17, 5:35PM CDT
Reynolds American Inc.'s board of directors announced the reappointment of Susan M. Cameron as the Chief Executive Officer (CEO) and President effective May 1, 2014.
Final Glance: Supermarkets companies
AP - Thu Apr 17, 5:01PM CDT
NEW YORK (AP) — Shares of some top supermarkets companies were mixed at the close of trading:
SUPERVALU Completes Repricing and Amendment of Its $1.0 Billion Asset-Based Revolving Credit Facility
Business Wire - Thu Apr 17, 4:14PM CDT
SUPERVALU INC. (NYSE: SVU) today announced it has successfully completed the repricing, amendment and extension of its existing $1.0 billion asset-based revolving credit facility, which is secured by the Company's inventory, credit card and certain other receivables and certain other assets. The amendment reduces the facility's interest rates to LIBOR plus 1.50 percent to 2.00 percent and prime plus 0.50 percent to 1.00 percent, depending on utilization. The amendment also eliminates the springing maturity provision that would have accelerated the revolving credit facility's maturity to 90 days prior to May 1, 2016 if more than $250 million of the Company's 8% senior notes remained outstanding as of that date. The springing maturity provision was replaced with a springing reserve provision that calls for a reserve to be placed against availability under the facility in the amount of any outstanding material indebtedness (as defined in the credit facility) that is due within 30 days of the date the reserve is established. In addition, the amendment also expands the ability to increase the Company's $1.5 billion senior secured term loan facility, subject to a secured leverage test, by up to $500 million (previously $250 million), subject to identifying term loan lenders or other institutional lenders willing to provide the additional loans and the satisfaction of certain terms and conditions. The amendment also contains modified covenants to give the Company additional strategic and operational flexibility and includes certain other non-material changes. Additionally, the maturity date of the revolving credit facility was extended by eleven months to February 2019.
Philip Morris Beats on Q1 Earnings, Lags Revs - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Apr 17, 12:00PM CDT
Philip Morris International Inc.'s adjusted first-quarter 2014 earnings per share of $1.19, beat the Zacks Consensus Estimate of $1.17 by 1.7%.
Early Glance: Supermarkets companies
AP - Thu Apr 17, 10:31AM CDT
NEW YORK (AP) — Shares of some top supermarkets companies are mixed at 10 a.m.:
Shares of SVU Up 11.0% Since Uptrend Call on Shares
Comtex SmarTrend(R) - Thu Apr 17, 9:31AM CDT
SmarTrend identified an Uptrend for SUPERVALU (NYSE:SVU) on February 20th, 2014 at $6.21. In approximately 2 months, SUPERVALU has returned 11.04% as of today's recent price of $6.89.
Diageo Announces Public Offer for USL - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Apr 16, 5:40PM CDT
Diageo plc has announced a tender offer to its public shareholders for 26% of the stake of India based brewer United Spirits Limited (USL).
Midday Glance: Supermarkets companies
AP - Wed Apr 16, 12:31PM CDT
NEW YORK (AP) — Shares of some top supermarkets companies are mixed at 1 p.m.:
Upcoming Financial Releases -- Research on Xilinx, SUPERVALU, TD Ameritrade Holding, and NXP Semiconductor
PR Newswire - Tue Apr 15, 9:47AM CDT
Earningsource.com provides investors with earnings schedule updates throughout the earnings season. With timely information on past earnings performance and earnings projection for their upcoming quarterly release, our aim is to ensure shareholders and traders have an edge on their investment decisions on the following companies: Xilinx Inc. (NASDAQ: XLNX), SUPERVALU Inc. (NYSE: SVU), TD Ameritrade Holding Corp. (NYSE: AMTD) and NXP Semiconductor N.V. (NASDAQ: NXPI). Full earnings notes on XLNX, SVU, AMTD and NXPI can be downloaded upon signing up at:
Wal-Mart's Massmart CEO Resigns - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Apr 14, 5:14PM CDT
Per media reports, Wal-Mart Stores' South African subsidiary, Massmart, is undergoing a major change in its management.
Save-A-Lot Food Stores to Open New Distribution Center in Aurora, Colorado
Business Wire - Mon Apr 14, 3:42PM CDT
Save-A-Lot, one of the nation's leading hard-discount, limited assortment grocery chains and a wholly owned subsidiary of SUPERVALU (NYSE: SVU), today announced plans that will allow it to more efficiently bring fresh quality food options to local neighborhoods with the development of a new 140,000-square-foot food distribution center in Aurora, Colorado in June 2014. The distribution center will be located at 15965 East 32nd Avenue, Suite B, Aurora, Colorado.
Reynolds Reappoints Cameron as CEO - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Apr 17, 5:35PM CDT
Reynolds American Inc.'s board of directors announced the reappointment of Susan M. Cameron as the Chief Executive Officer (CEO) and President effective May 1, 2014.
Final Glance: Supermarkets companies
AP - Thu Apr 17, 5:01PM CDT
NEW YORK (AP) — Shares of some top supermarkets companies were mixed at the close of trading:
SUPERVALU Completes Repricing and Amendment of Its $1.0 Billion Asset-Based Revolving Credit Facility
Business Wire - Thu Apr 17, 4:14PM CDT
SUPERVALU INC. (NYSE: SVU) today announced it has successfully completed the repricing, amendment and extension of its existing $1.0 billion asset-based revolving credit facility, which is secured by the Company's inventory, credit card and certain other receivables and certain other assets. The amendment reduces the facility's interest rates to LIBOR plus 1.50 percent to 2.00 percent and prime plus 0.50 percent to 1.00 percent, depending on utilization. The amendment also eliminates the springing maturity provision that would have accelerated the revolving credit facility's maturity to 90 days prior to May 1, 2016 if more than $250 million of the Company's 8% senior notes remained outstanding as of that date. The springing maturity provision was replaced with a springing reserve provision that calls for a reserve to be placed against availability under the facility in the amount of any outstanding material indebtedness (as defined in the credit facility) that is due within 30 days of the date the reserve is established. In addition, the amendment also expands the ability to increase the Company's $1.5 billion senior secured term loan facility, subject to a secured leverage test, by up to $500 million (previously $250 million), subject to identifying term loan lenders or other institutional lenders willing to provide the additional loans and the satisfaction of certain terms and conditions. The amendment also contains modified covenants to give the Company additional strategic and operational flexibility and includes certain other non-material changes. Additionally, the maturity date of the revolving credit facility was extended by eleven months to February 2019.
Philip Morris Beats on Q1 Earnings, Lags Revs - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Apr 17, 12:00PM CDT
Philip Morris International Inc.'s adjusted first-quarter 2014 earnings per share of $1.19, beat the Zacks Consensus Estimate of $1.17 by 1.7%.
Early Glance: Supermarkets companies
AP - Thu Apr 17, 10:31AM CDT
NEW YORK (AP) — Shares of some top supermarkets companies are mixed at 10 a.m.:
Shares of SVU Up 11.0% Since Uptrend Call on Shares
Comtex SmarTrend(R) - Thu Apr 17, 9:31AM CDT
SmarTrend identified an Uptrend for SUPERVALU (NYSE:SVU) on February 20th, 2014 at $6.21. In approximately 2 months, SUPERVALU has returned 11.04% as of today's recent price of $6.89.
Diageo Announces Public Offer for USL - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Apr 16, 5:40PM CDT
Diageo plc has announced a tender offer to its public shareholders for 26% of the stake of India based brewer United Spirits Limited (USL).
Midday Glance: Supermarkets companies
AP - Wed Apr 16, 12:31PM CDT
NEW YORK (AP) — Shares of some top supermarkets companies are mixed at 1 p.m.:
Upcoming Financial Releases -- Research on Xilinx, SUPERVALU, TD Ameritrade Holding, and NXP Semiconductor
PR Newswire - Tue Apr 15, 9:47AM CDT
Earningsource.com provides investors with earnings schedule updates throughout the earnings season. With timely information on past earnings performance and earnings projection for their upcoming quarterly release, our aim is to ensure shareholders and traders have an edge on their investment decisions on the following companies: Xilinx Inc. (NASDAQ: XLNX), SUPERVALU Inc. (NYSE: SVU), TD Ameritrade Holding Corp. (NYSE: AMTD) and NXP Semiconductor N.V. (NASDAQ: NXPI). Full earnings notes on XLNX, SVU, AMTD and NXPI can be downloaded upon signing up at:
Wal-Mart's Massmart CEO Resigns - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Apr 14, 5:14PM CDT
Per media reports, Wal-Mart Stores' South African subsidiary, Massmart, is undergoing a major change in its management.
Save-A-Lot Food Stores to Open New Distribution Center in Aurora, Colorado
Business Wire - Mon Apr 14, 3:42PM CDT
Save-A-Lot, one of the nation's leading hard-discount, limited assortment grocery chains and a wholly owned subsidiary of SUPERVALU (NYSE: SVU), today announced plans that will allow it to more efficiently bring fresh quality food options to local neighborhoods with the development of a new 140,000-square-foot food distribution center in Aurora, Colorado in June 2014. The distribution center will be located at 15965 East 32nd Avenue, Suite B, Aurora, Colorado.
