On Thursday, in the course of current trade, Shares of Wal-Mart Stores Inc. (NYSE:WMT), gained 0.55%, and is now trading at $78.59.
Wal-Mart Canada has reached agreements to acquire one distribution centre, 12 store leases and one owned property formerly held by Target Canada, for an aggregate of about C$165m . The transactions are subject to the approval of the court in accordance with Target Canada’s Companies’ Creditors Arrangement Act proceedings and certain other customary conditions.
Walmart anticipates to invest a further about C$185m to renovate the 13 stores and distribution centre bringing Walmart’s total investment to about C$350m . Work on all locations is predictable to start within the next few months subject to all necessary approvals. Grand opening dates and specific details for each location will be confirmed over the coming months.
Wal-Mart Stores, Inc. operates retail stores in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam’s Club. It operates discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, restaurants, apparel stores, drug stores, and convenience stores, in addition to retail Websites, such as walmart.com and samsclub.com.
During an Afternoon trade, Shares of Qihoo 360 Technology Co. Ltd. (NYSE:QIHU), gained 1.37%, and is now trading at $57.93.
Qihoo 360 Technology, declared that it will report its first quarter 2015 financial results on Tuesday, May 19, 2015, after the close of U.S. markets.
Qihoo 360’s administration will host a conference call to talk about the results at 7:30 a.m. Eastern Time on May 20, 2015 (7:30 p.m. Beijing time on May 20, 2015).
Qihoo 360 Technology Co. Ltd., through its auxiliaries, provides Internet services in the People’s Republic of China. The company operates through Internet Services and Others segments. It offers various Internet security products, counting 360 Safe Guard, a one-stop solution for PC Internet security and system optimization; 360 Anti-Virus, an anti-virus application that uses multiple scan engines to protect users computers against various kinds of malware; and 360 Mobile Safe, a security program for the Google Android, Apple iOS, and Windows Phone smartphone operating systems.
Shares of R.R. Donnelley & Sons Company (NASDAQ:RRD), during its Thursday’s current trading session surged 4.52%, and is now trading at $18.51.
R.R. Donnelley & Sons Company, declared that it has been named the 2015 Services Quality Supplier of the Year by FCA US LLC. As FCA’s print administration supplier, RR Donnelley provides complete premedia, sourcing, project administration, mail logistics and production services for all print projects across the FCA organization.
FCA US LLC is a member of the Fiat Chrysler Automobiles (FCA) family of companies. FCA is an international automotive group and the seventh-largest automaker in the world based on total annual vehicle sales. FCA US LLC designs, engineers, manufactures and sells vehicles under the Chrysler, Jeep, Dodge, Ram and FIAT brands, in addition to the MOPAR performance group.
Now in its fifth year, the award recognizes suppliers that have shown extraordinary commitment to quality, customer service, continuous improvement, and demonstrate strong corporate values with leadership in areas such as diversity, innovation and sustainability. RR Donnelley is one of only 17 suppliers honored with an award this year.
R.R. Donnelley & Sons Company provides integrated communications solutions to private and public sector clients in the United States and internationally. The company operates through Publishing and Retail Services, Variable Print, Planned Services, and International segments.
Finally, Ctrip.com International Ltd. (NASDAQ:CTRP), climbed 8.81% Thursday, hitting its highest level.
Ctrip.com International, declared its unaudited financial results for the first quarter ended March 31, 2015.
Highlights for the First Quarter of 2015
- Net revenues were RMB2.3 billion (US$373 million) for the first quarter of 2015, up 46% year-on-year.
- Accommodation reservation volume raised 60% year-on-year, and accommodation reservation revenues raised 45% year-on-year, reaching RMB952 million (US$154 million) for the first quarter of 2015.
- Transportation ticketing volume raised 104% year-on-year, and transportation ticketing revenues raised 46% year-on-year, reaching RMB948 million (US$153 million) for the first quarter of 2015.
- Gross margin was 70% for the first quarter of 2015, contrast to 72% in the same period in 2014, and 69% in the previous quarter.
- Net Loss attributable to Ctrip’s shareholders was RMB126 million (US$20 million) for the first quarter of 2015, contrast to net income attributable to Ctrip’s shareholders of RMB115 million (US$19 million) in the same period in 2014. Not taking into account share-based compensation charges (non-GAAP), net income attributable to Ctrip’s shareholders was RMB33 million (US$5 million), contrast to net income attributable to Ctrip’s shareholders of RMB237 million (US$38 million) in the same period in 2014.
- Diluted earnings per ADS were RMB-0.90 (US$-0.15) for the first quarter of 2015. Not taking into account share-based compensation charges (non-GAAP), diluted earnings per ADS were RMB0.23 (US$0.04) for the first quarter of 2015.
- Share-based compensation charges were RMB159 million (US$26 million), accounting for 7% of the net revenues, or RMB1.13 (US$0.19) per ADS for the first quarter of 2015.
Ctrip.com International, Ltd., together with its auxiliaries, provides travel services for hotel accommodations, transportation ticketing services, packaged tours, and corporate travel administration in the People’s Republic of China. It also offers independent leisure travelers bundled packaged-tour products, counting group tours, semi-group tours, and private tours or packaged tours with various transportation arrangements, such as cruise, bus, or self-driving.
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