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  • 02/20/2018 08:53:01

    Gap shares slide more than 3% as KeyBanc downgrades to sector weight

    Shares of Gap Inc. slide more than 3% Tuesday, after the company said its Gap brand Chief Executive Jeff Kirwan is leaving, prompting KeyBanc analysts to downgrade the stock to sector weight from overweight. "A change to Gap banner underscores structural weakness at the brand," analysts led by Edward Yruma wrote in a note. Kirwan was in the CEO role since December of 2014, "and we do have some concerns that issues (product, brand perception, store fleet) with Gap banner may be difficult to fix," said the note. Gap said it will start searching for a replacement and installed Brent Hyder, current Gap Inc. executive vice president, global talent and sustainability, as interim brand head. "While we remain confident in Old Navy's ability to post solid results against difficult comparisons, we have less confidence in an operational turn at Gap banner in the short to medium term," wrote Yruma. Gap shares have fallen 5.9% in 2018 to date, but have gained 31% in the last 12 months, while the S&P 500 has gained 16%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/19/2018 11:02:15

    Big year ahead for ECM in Argentina

    (IFR) - This is shaping up as a banner year for equity capital markets in Argentina, where five companies going public in the first quarter are looking to raise a combined US$2.2bn.

  • 01/13/2018 13:33:00

    Will 2018 Be Ionis Pharmaceuticals, Inc.'s Best Year Yet?

    Here's why 2018 could be a banner year for this pioneering biotech and its recent spinoff.

  • 01/05/2018 13:34:44

    Netflix signs exclusive multi-year deal with 'Planet of the Apes' director Matt Reeves

    Netflix Inc. confirmed on Friday that it has signed "Planet of the Apes" and "Cloverfield" director Matt Reeves to an exclusive multi-year deal. Under the deal, Reeves, who recently took over directing Warner Bros. next solo Batman film for Ben Affleck, will give Netflix first-look rights for any feature films he wants to produce and, or direct under the banner of his 6th & Idaho production company. Reeves's most recent film, 2017's "War for the Planet of the Apes," received critical acclaim and pulled in $490.7 million at the global box office. Reeves previously had a deal with 21st Century Fox Inc.'s film division. The deal is one of the first of its kind at Netflix, which has made recent efforts to lock down filmmakers to create content exclusively for the platform. Netflix has entered deals with Shonda Rhimes, Jenji Kohan and Shawn Levy. Shares of Netflix have gained nearly 59% in the last 12 months, while the S&P 500 index has gained close to 21% and the Dow Jones Industrial Average is up 26%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/02/2018 15:50:51

    Get a pencil: California's marijuana-tracking system delayed

    From a pot shop in Santa Cruz that hung a banner proclaiming "Prohibition is Over!" to one in San Diego handing out T-shirts showing the first moon landing and declaring a "giant leap for mankind," the Golden State turned a shade greener with its first sales of recreational marijuana.

  • 01/02/2018 09:40:20

    California starts recreational pot sales, clients jam stores

    From a pot shop in Santa Cruz that hung a banner proclaiming "Prohibition is Over!" to one in San Diego handing out T-shirts showing the first moon landing and declaring a "giant leap for mankind," the Golden State turned a shade greener with its first sales of recreational marijuana.

  • 12/29/2017 11:09:28

    Wall Street Set to End the Year on Dour Note

    Losses in technology and financial stocks weighed on Wall Street on the last trading day of 2017, in what has been a banner year for U.S. shares.

  • 12/29/2017 09:52:49

    Wall Street drifts lower on last trading day of 2017

    (Reuters) - A slide in Apple and Goldman Sachs' shares pulled Wall Street lower on the last trading day of 2017, in what has been a banner year for U.S. stocks.

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