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Wednesday, April 7, 2010 as of 11:14 AM ET

Family Dollar Stores

Family Dollar () is a regional chain of variety stores in the United States. It opened in 1959 and operates approximately 7,100 stores in 45 states and the District of Columbia.

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Ackman's Pershing Square Slashes Kraft Stake By Nearly 27%

Bill Ackman's Pershing Square Capital Management L.

P. reported a significantly reduced stake in Kraft Foods Inc. (KFT), while keeping his other holdings largely unchanged.Ackman, a value investor who often accumulates sizeable stakes in companies to push for management and operational changes, reported a concentrated portfolio of 10 stocks with a total value of $8.07 billion as of March 31. That's up 3.7% from $7.78 billion as of Dec. 31.Ackman made the disclosure in a quarterly 13F filing of big stockholders.Pershing Square held 15.5 million shares in Kraft at the end of the first quarter, down about 27% from 21.2 million at the end of the previous quarter. The shares would have a market value of $601.7 million based on the company's closing price of $38.82 a share on Tuesday.The 13F filing also showed that Pershing Square held stakes in Family Dollar Stores Inc. (FDO) and Fortune Brands Home and Security Inc. (FBHS) The firm subsequently said in late April it had disposed of both hol...

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  1. Family Dollar Sales Drift Higher

    FBN's Cheryl Casone breaks down Family Dollar Stores ’ stock-market performance.

  2. Christopher & Banks, Jos. A. Bank Slump

    Women's clothing retailer Christopher & Banks Corp. slumped 14% to $2.03 on Wednesday after the company reported disappointing fourth-quarter results. It said it pri...

  3. Supreme Court Begins Third Day of Deliberations on Health Care

    FBN’s Diane Macedo breaks down the stories moving the markets around the world.

  4. Family Dollar Profit Rises 10.7%

    Family Dollar Inc. said Wednesday its second-quarter profit increased to $136.4 million, or $1.15 a share, from $123.2 million, or 99 cents a share. Sales for the th...

  5. Week Ahead: Health-Care Law Goes To the Supreme Court

    Economic data and a smattering of earnings are on next week’s calendar, but all eyes will be on the Supreme Court , where arguments begin over whether the Obama Admi...

  6. Dollar General CEO Comments On Gas Inflation

    Dollar General Corp. , which reported better-than-expected fourth-quarter results on Thursday, said the dollar-store chain has racked up 22 straight years of compara...

  7. Peltz's Trian Reports Fewer Holdings; No PepsiCo, CBS Stakes

    Activist investor Nelson Peltz's money management company reported that it held shares of significantly fewer companies in the quarter ended Dec. 31 and no longer re...

  8. Bill Ackman's Pershing Square Sells Lowe's Stake

    Pershing Square Capital Management, run by activist value manager Bill Ackman, reported dumping its entire stake in home-improvement chain Lowe's . In a 13-F regulat...

  9. Family Dollar Trades Lower on Disappointing 1Q Sales

    Family Dollar (NYSE:FDO) reported a stronger first-quarter profit on a surge for consumables during the holidays, however its shares shed about 6% on Friday as sales...

  10. Best Buy Rises; Family Dollar Disappoints

    Best Buy Co. , the No. 1 electronics retailer, led the gainers in a mixed sector trading on Friday. The company's stock rose 2.1% after it kept its annual profit for...

  11. Family Dollar Stores Posts 8% Higher Profit

    Family Dollar Stores inc. reported late Thursday its fiscal first-quarter 2012 profit rose to $80.4 million, or 68 cents a share, from $74.3 million, or 58 cents a s...

  12. Kodak Chief Communications Officer Resigns

    FBN’s Robert Gray on the latest Eastman Kodak executive to leave the company in recent weeks.

  1. Services Sector Wrap

    During trading today, the Services sector (IYC) showed little change while the S&P 500 fell 1.1%.The ETF, as a proxy for the sector, tracked closer to the overall ma...

  2. Ackman's Pershing Square Funds Gain 1% In April

    Bill Ackman's $11 billion Pershing Square Capital Management L.P. posted a nearly 1% gain for its funds last month, despite choppy equity market conditions.The $4.8 ...

  3. Yum! Brands, Kimberly Clark Among Stocks Setting 52-Week Highs Friday

    These nine stocks struck 52-week highs:While trading on above-average volume, Yum! Brands (NYSE:YUM) climbed today, reaching and then surpassing its previous 52-week...

  4. Halliburton Company, Seagate Technology Included in Stocks Up on High Volume Wednesday

    Today, these stocks are up on above-average volume:Halliburton Company (NYSE:HAL) saw its price spike on above-average volume today, as 29.5 million shares, which is...

  5. SXC Health Solutions, Seagate Technology Among Stocks Hitting 52-Week Highs Wednesday

    Here are nine stocks that set 52-week highs:While trading on above-average volume, SXC Health Solutions (NASDAQ:SXCI) climbed today, reaching and then surpassing its...

  6. Do companies that issue dividends make good investments?

    Neil Hennessy and Matt McCall discuss the government's uncertainty over dividend credits

  7. Steps to Bulletproof Your Assets

    Street Talk Advisors CEO Lance Roberts on how to spring clean and protect your finances and boost your retirement.

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