Wednesday, April 7, 2010 as of 11:14 AM ET
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.
Read More at Wikipedia ›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...FBN's Cheryl Casone breaks down Family Dollar Stores ’ stock-market performance.
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...
FBN’s Diane Macedo breaks down the stories moving the markets around the world.
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...
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...
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...
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...
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...
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...
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...
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...
FBN’s Robert Gray on the latest Eastman Kodak executive to leave the company in recent weeks.
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...
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 ...
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...
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...
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...
Neil Hennessy and Matt McCall discuss the government's uncertainty over dividend credits
Street Talk Advisors CEO Lance Roberts on how to spring clean and protect your finances and boost your retirement.
