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Tuesday 9 June 2015
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Pre-Market News Alert on: Macy’s, (NYSE:M), Qunar Cayman Islands (NASDAQ:QUNR), Zions Bancorporation (NASDAQ:ZION), Home Depot (NYSE:HD)

On Thursday, Macy’s, Inc. (NYSE:M)’s shares declined -0.63% to $69.24.

Macy’s, Inc. (M)’s and Dormify®, the dorm furnishings online retailer, recently declare an exclusive collection for the 2015 back-to-school season. Expanding to brick and mortar for the first time ever, Dormify is now accessible at select Macy’s stores and on macys.com, with a bedding collection of comforter sets, sheet sets and decorative pillows in charming prints and patterns to fit the lifestyle of the college-bound.

To create this collection, Dormify’s team of young designers turned to the company’s college-aged brand ambassadors, the “Dormify Style Advisors,” for inspiration. The result is an assortment that is sophisticated, yet fun and fresh. The comforter designs reflect fashion trends drawn from campus street-style and the pillows feature whimsical icons and witty sayings such as “Donut Wake Me Up” and “Ice Cream When My Alarm Goes Off.” Each comforter and decorative pillow is fully reversible, showcasing a coordinating look on the reverse side – perfect for roommates who want to create a complementary look for their room. The collection features 100-percent cotton, machine washable, easy-to-care-for bedding.

Keeping comprising with Dormify’s mission, the line is a fresh departure from the common bed-in-a-bag, as the entire collection is designed and sold as a mix-and-match system, giving Millennial shoppers the tools to effortlessly combine and create a unique and stylish statement.

Macy’s, Inc., together with its auxiliaries, operates stores and Internet Websites in the United States. Its stores and Websites sell a range of merchandise, counting apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods.

Qunar Cayman Islands Ltd (NASDAQ:QUNR)’s shares gained 4.46% to $47.75.

Qunar Cayman Islands Ltd (QUNR) China online travel provider Qunar Cayman Islands (NASDAQ:QUNR) received mixed reviews from analysts following its first-quarter earnings and its rejection of a buyout offer from Ctrip, China’s leading online travel agency.

Qunar stated Q1 revenue of $108.3 million, an enhance of 100% from the same quarter a year earlier and topping the consensus estimate. Its per-share loss was less than predictable as well.

Qunar’s plans to enhance spending on mobile user acquisition “should result in long-term value and is the right move to make,” Cheng wrote.

Qunar says that it anticipates Q2 revenue growth to accelerate to 105%-110% year over year.

Qunar, majority owned by China online search leader Baidu (NASDAQ:BIDU), also revealed that private equity firm Silver Lake Partners would lead a “planned investment round” totaling $500 million. Silver Lake would invest $330 million, with another unnamed investor adding $170 million. Qunar also declared plans for a secondary public offering of 8 million American Depositary Receipts.

Qunar Cayman Islands Limited operates an online travel commerce platform in the People’s Republic of China. The company through its platform provides a range of travel products comprising flight tickets, hotels, vacation packages, and attraction tickets, in addition to display advertising, train tickets, car services, smart lodging, and other services. Its customers comprise flight travel service providers, airlines, independent hotels, online travel agencies, insurance service providers, and others.

At the end of Thursday’s trade, Zions Bancorporation (NASDAQ:ZION)‘s shares dipped -0.42% to $30.79.

Amegy is a part of the Zions Bancorporation (ZION) collection of great banks.

The Women’s Home, a long-term residential treatment facility founded in 1957, broke ground recently on an 84-unit apartment complex that will comprise support services for women and children. The $15 million project, located at the corner of Jacquelyn Street and Hammerly Boulevard, received a $500,000 Affordable Housing Program (AHP) grant in 2014 from Amegy Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas). The funds will be used for construction costs.

AHP grants are accessible through FHLB Dallas member institutions such as Amegy Bank. The annual grants assist in the development of affordable, owner-occupied and rental housing for very low- to moderate-income households located across FHLB Dallas’ five-state District of Arkansas, Louisiana, Mississippi, New Mexico, and Texas.

In 2014, FHLB Dallas awarded $9.8 million in AHP grants to 33 projects that will result 1,586 new or renovated housing units. In 2015, FHLB Dallas is offering $7.6 million in competitive AHP grants. “Competitive” refers to the 100-point scoring scale, on which each application is considered. The cutoff score is the point at which funds are fully allocated for a given year.

In addition to the 80 two-bedroom and four three-bedroom apartments, there will be laundry facilities, community meeting space, an outdoor barbecue, and a playground on the 2.3 acres, which will serve low-income, homeless, and chronically homeless families.

Zions Bancorporation, a financial holding company, provides a range of banking and related services in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers community banking services, such as small and medium-sized business and corporate banking; commercial and residential development, construction, and term lending; retail banking; treasury cash administration and related products and services; and residential mortgage servicing and lending.

Home Depot Inc (NYSE:HD), ended its Thursday’s trading session with -1.47% loss, and closed at $111.50.

Home Depot Inc (HD) declared that Kevin Hofmann, senior vice president, Online will speak at the Goldman Sachs Sixth Annual dotCommerce Day in New York, NY. The presentation will start at 8:55 a.m. ET on June 18, 2015.

The Home Depot, Inc. operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, and lawn and garden products, in addition to provide installation, home maintenance, and professional service programs to do-it-yourself, do-it-for-me, and professional customers.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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