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Tuesday 23 June 2015
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Pre-Market News Alert on: Medtronic (NYSE:MDT), Reynolds American, (NYSE:RAI), KB Home (NYSE:KBH), Macy’s, (NYSE:M)

On Thursday, Medtronic PLC (NYSE:MDT)’s shares inclined 1.33% to $76.72.

Medtronic plc (MDT) declared the launch of the Fortrex(TM) over-the-wire (OTW) percutaneous transluminal angioplasty (PTA) balloon catheter. The Fortrex PTA balloon catheter utilizes a high pressure balloon to break up the blockages and open the vessels to assist maintain arteriovenous (AV) access in the peripheral vascular system.

The Fortrex PTA balloon can be used to maintain AV access in patients receiving hemodialysis for chronic kidney disease or end stage renal failure. In some cases, patients receiving hemodialysis will develop plaque blockages at the dialysis site, which can limit access. The Fortrex balloon`s material and design permit shape retention at rated burst pressure, ensuring focused pressure on the lesion for controlled, targeted and predictable treatment.

Additionally, the balloon has been engineered with a low tip entry profile and robust, flexible shaft to enable tight tracking to the wire and successful navigation in tortuous vessels. The balloon material and wall thickness enables reliable balloon rewrap and reinsertion. This, combined with its rapid deflation time, improves efficiency of the procedure.

Medtronic plc, a healthcare solutions company, provides medical technologies, services, and solutions worldwide. It operates through three segments: Cardiac and Vascular Group, Restorative Therapies Group, and Diabetes Group. The Cardiac and Vascular Group’s products comprise pacemakers; insertable cardiac monitors; implantable defibrillators; leads and delivery systems; ablation products; electrophysiology catheters; products for the treatment of atrial fibrillation; information systems for the administration of patients with cardiac rhythm disease administration devices; products to reduce surgical site infections; coronary and peripheral stents and related delivery systems; therapies for uncontrolled hypertension; endovascular stent graft systems; heart valve replacement technologies; cardiac tissue ablation systems; and open heart and coronary bypass grafting surgical products.

Reynolds American, Inc. (NYSE:RAI)’s shares gained 2.30% to $76.61.

Reynolds American, Inc. (RAI) has issued the following release: “R.J. Reynolds Tobacco Company (as successor issuer to Lorillard Tobacco Company) to withdraw 8.125% Senior Notes due 2019 from listing on the NYSE.

RAI’s website, www.reynoldsamerican.com, is the primary source of publicly revealed news about RAI and its operating companies. We use the website as our primary means of distributing quarterly earnings and other company news. We encourage investors and others to register at http://www.reynoldsamerican.com/events.cfm to receive alerts when news about the company has been posted.

R.J. Reynolds Tobacco Company, an indirect partner of Reynolds American Inc. (RAI), is the second-largest tobacco company in the United States. To learn more about how Reynolds American and its operating companies are transforming the tobacco industry, visit TransformingTobacco.com.

Reynolds American Inc., through its auxiliaries, manufactures and sells cigarettes and other tobacco products in the United States. It operates through RJR Tobacco, American Snuff, and Santa Fe segments. The RJR Tobacco segment offers cigarettes under the brand names of CAMEL, PALL MALL, WINSTON, KOOL, DORAL, SALEM, MISTY, and CAPRI; and CAMEL Snus, a smoke-free tobacco product, in addition to manages various licensed brands, counting DUNHILL and STATE EXPRESS 555. The American Snuff segment provides smokeless tobacco products, such as moist snuff under GRIZZLY and KODIAK brand names.

At the end of Thursday’s trade, KB Home (NYSE:KBH)‘s shares surged 0.74% to $14.97.

KB Home (KBH) one of the nation’s largest and most recognized homebuilders, recently declared the grand opening of Palo Alto at Stonegate Village, an exclusive collection of stylish single-family residences situated in one of Orange County’s most desirable master-planned communities. Located in the City of Irvine, home to some of the largest employers, highest safety-rated neighborhoods and most respected schools in Southern California, KB Home’s Palo Alto community offers homebuyers the opportunity to live in a well-established area comprising recognized as one of the best places to live in the country.

Homeowners at KB Home’s Palo Alto will have access to an array of resort-style amenities, counting sport courts, a tot lot, barbecue areas, seven parks and four pools, with lush walking and biking pathways that wind through the scenic village. Parents at KB Home’s Palo Alto at Stonegate can be proud to send their students to highly-rated educational institutions within the award-winning Irvine Unified School District.

Located close to the 241 and 133 toll roads, and the 5 and 405 freeways, KB Home’s Palo Alto offers convenient travel for quick commutes to surrounding employment centers or leisurely trips throughout Southern California and beyond.

KB Home operates as a homebuilding company in the United States. It constructs and sells various homes, counting attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, move-up, and active adult homebuyers under the name KB Home. The company also provides property and casualty insurance, in addition to earthquake, flood, and personal property insurance to its homebuyers; title services; and mortgage banking services, counting residential consumer mortgage loan originations to its homebuyers.

Macy’s, Inc. (NYSE:M), ended its Thursday’s trading session with 0.84% gain, and closed at $70.64.

Macy’s, Inc. (M) declared that it has signed a contract with Men’s Wearhouse to open licensed tuxedo rental shops within 300 Macy’s stores nationwide.

These Macy’s-branded shops will be operated by Men’s Wearhouse and staffed by its trained formalwear professionals in dedicated space located in or near the men’s department in Macy’s stores. They will be fully integrated in Macy’s storewide wedding experience, and support Millennial merchandising strategies related to proms and other special occasions.

Macy’s Tuxedo Shops will be backed by the Men’s Wearhouse reservation and group administration system that allows customers to easily make and manage reservations and track the status of rentals by others in a wedding party.

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.

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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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