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Friday 10 July 2015
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Pre-Market News Buzz on: Six Flags Entertainment (NYSE:SIX), Firstmerit (NASDAQ:FMER), Con-way (NYSE:CNW), Bed Bath & Beyond (NASDAQ:BBBY)

On Monday, Six Flags Entertainment Corp (NYSE:SIX)’s shares inclined 0.04% to $46.16.

Six Flags Entertainment Corporation (SIX), the world’s largest regional theme park company, declared that it will take part in the following forthcoming investor conferences:

Credit Suisse Gaming, Lodging, Leisure & Restaurant Conference – August 6, 2015 at Credit Suisse in New York, NY

Wells Fargo Technology, Media & Telecom Conference – November 11, 2015 at the Waldorf Astoria hotel in New York, NY

Copies of presentations used at the conferences will be posted on the company’s Investor Relations website at www.sixflags.com/investors.

Six Flags Entertainment Corporation owns and operates regional theme and water parks. Its parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company owns and operates 18 parks, counting 16 parks in the United States; 1 park in Mexico City, Mexico; and 1 park in Montreal, Canada. It operates its parks under the Six Flags brand name. The company was formerly known as Six Flags, Inc. and changed its name to Six Flags Entertainment Corporation in April 2010. Six Flags Entertainment Corporation was founded in 1971 and is based in Grand Prairie, Texas.

Bed Bath & Beyond Inc. (NASDAQ:BBBY)’s shares dropped -0.48% to $68.72.

Bed Bath & Beyond Inc. (BBBY) stated financial results for the first quarter of fiscal 2015 ended May 30, 2015.

Fiscal 2015 First Quarter Results

For the first quarter of fiscal 2015, the Company stated net earnings of $.93 per diluted share ($158.5 million) contrast with net earnings for the first quarter of fiscal 2014 of $.93 per diluted share ($187.1 million). Net sales for the first quarter of fiscal 2015 were about $2.738 billion, an enhance of about 3.1% from net sales of about $2.657 billion stated in the first quarter of fiscal 2014. Comparable sales in the first quarter of fiscal 2015 raised by about 2.2%, contrast with an enhance of about 0.4% in last year’s fiscal first quarter. Comparable sales for the first quarter of fiscal 2015 comprise an approximate 0.3% unfavorable impact from the year over year change in the Canadian currency exchange rate.

Linen Holdings is excluded from the comparable sales calculations and will continue to be excluded on an ongoing basis because it represents non-retail activity.

Share Repurchase Program

During the first quarter of fiscal 2015, the Company repurchased about $385 million of its common stock, representing about 5.3 million shares. As of May 30, 2015, the remaining balance of the existing $2.0 billion share repurchase program was about $499 million.

Bed Bath & Beyond Inc., together with its auxiliaries, operates a chain of retail stores. It sells a range of domestics merchandise, counting bed linens and related items, bath items, and kitchen textiles; and home furnishings, such as kitchen and tabletop items, fine tabletops, basic housewares, general home furnishings, consumables, and certain juvenile products.

At the end of Monday’s trade, Con-way Inc (NYSE:CNW)‘s shares dipped -2.14% to $37.03.

Con-way Inc. (CNW) declared this year’s winners of the CEO Constellation Award, presented annually to select employees for exceptional achievement, performance and leadership.

Chosen from hundreds of peer-nominated employees across the company’s 30,000-person workforce, this year’s winners join an elite group of past recipients who exemplify the company’s lean culture, purpose and core values of Safety, Integrity, Commitment and Excellence.

Con-way Inc., together with its auxiliaries, provides transportation, logistics, and supply chain administration services to various manufacturing, industrial, and retail customers in North America and internationally. It operates through three segments: Freight, Logistics, and Truckload. The Freight segment offers day-definite regional, inter-regional, and transcontinental less-than-truckload freight services with a fleet of line-haul, and pickup-and-delivery tractors and trailers.

Firstmerit Corp (NASDAQ:FMER), ended its Monday’s trading session with -0.63% loss, and closed at $20.55.

Firstmerit Corp (FMER) stated the death of Clifford J. Isroff, lead director of the company’s Board of Directors, Chairman of the Executive Committee and member of the Corporate Governance & Nominating Committee, Compensation Committee and Risk Administration Committee. Mr. Isroff passed away on Tuesday, June 30, 2015 after a recent illness.

Mr. Isroff was elected to FirstMerit’s Board of Directors in 1981 and served as Lead Director since 2003.

Mr. Isroff was stepped down and was actively involved with a number of noteworthy on-profit organizations in the Northeast Ohio area. Formerly, he was the Chairman and Secretary of I Corp, an Akron, Ohio-based manufacturing holding company, in addition to the President and Chief Operating Officer of Sterling Jewelers in Akron, which was attained by Signet Group PLC.

FirstMerit Corporation operates as the bank holding company for FirstMerit Bank N.A. that provides various banking, fiduciary, financial, insurance, and investment services to corporate, institutional, and individual customers. The company’s Commercial segment offers commercial term loans, revolving credit arrangements, asset-based lending, leasing, commercial mortgages, real estate construction lending, and letters of credit, in addition to treasury administration, government banking, international banking, merchant card, and other depository products and services.

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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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