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Walmart U.S. has named Steve Bratspies chief merchandising officer for U.S. stores, effective Oct. 19. He will oversee all merchandise categories for more than 4,500 Walmart stores across the country. Bratspies joined the company in 2005 and was most recently executive vice president of food for Walmart U.S. Charles Redfield has been appointed executive vice president for food at Walmart U.S. Redfield joined Sam’s Club as a cashier in 1988 and was most recently the executive vice president of merchandising for Sam’s Club. John Furner has been named executive vice president of merchandising for Sam’s Club. He was previously the chief merchandising and marketing officer for Walmart China. Wal-Mart Stores Inc. stock is down 22.4% for the year so far. The S&P is down 2.2% for the same period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Walmart U.S. has named Steve Bratspies chief merchandising officer for U.S. stores, effective Oct. 19. He will oversee all merchandise categories for more than 4,500 Walmart stores across the country. Bratspies joined the company in 2005 and was most recently executive vice president of food for Walmart U.S. Charles Redfield has been appointed executive vice president for food at Walmart U.S. Redfield joined Sam’s Club as a cashier in 1988 and was most recently the executive vice president of merchandising for Sam’s Club. John Furner has been named executive vice president of merchandising for Sam’s Club. He was previously the chief merchandising and marketing officer for Walmart China. Wal-Mart Stores Inc. stock is down 22.4% for the year so far. The S&P is down 2.2% for the same period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Macy’s Inc. sold the top four floors of its downtown Seattle store to Starwood Capital Group for $65 million in cash, in a statement. The space totals more than 300,000 square feet. The remaining floors will continue to operate with a redesign by fall 2016 to accommodate store merchandise. The company plans to keep the 265 store associates that work at this location. “This transaction is an example of the company’s ongoing efforts to enhance shareholder value by identifying and pursuing strategic real estate dispositions while maintaining the flexibility we require to run a successful business,” said Terry Lundgren, Macy’s chief executive. In August, Macy’s sold the top floors of its downtown Brooklyn store to Tishman Speyer for $170 million. At that time, Lundgren said the company was considering similiar deals. Macy’s stock is down 21.7% for the past three months. The S&P is down 1.7% for the same period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Macy’s Inc. sold the top four floors of its downtown Seattle store to Starwood Capital Group for $65 million in cash, in a statement. The space totals more than 300,000 square feet. The remaining floors will continue to operate with a redesign by fall 2016 to accommodate store merchandise. The company plans to keep the 265 store associates that work at this location. “This transaction is an example of the company’s ongoing efforts to enhance shareholder value by identifying and pursuing strategic real estate dispositions while maintaining the flexibility we require to run a successful business,” said Terry Lundgren, Macy’s chief executive. In August, Macy’s sold the top floors of its downtown Brooklyn store to Tishman Speyer for $170 million. At that time, Lundgren said the company was considering similiar deals. Macy’s stock is down 21.7% for the past three months. The S&P is down 1.7% for the same period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

By Megan Ribbens

Foreclosure rates in Central Florida declined in July for the 18th consecutive month since January 2014, marking another positive sign for the region’s housing market.

New data from CoreLogic shows the rate of Orlando-Kissimmee-Sanford area foreclosures among outstanding mortgage loans was 2.44 percent in July — down 2.14 percentage points compared to this time last year when the rate was 4.58 percent.

Despite the decline, the region’s foreclosure activity was still higher than the national… …read more

From:: biz journal foreclosures

By Megan Ribbens

Foreclosure rates in Central Florida declined in July for the 18th consecutive month since January 2014, marking another positive sign for the region’s housing market.

New data from CoreLogic shows the rate of Orlando-Kissimmee-Sanford area foreclosures among outstanding mortgage loans was 2.44 percent in July — down 2.14 percentage points compared to this time last year when the rate was 4.58 percent.

Despite the decline, the region’s foreclosure activity was still higher than the national… …read more

From:: biz journal foreclosures

A Scottish nurse who got infected with Ebola last year is back in the hospital in “serious condition” due to the virus, British media reported on Friday. The 39-year old nurse, Pauline Cafferkey, was diagnosed with Ebola on Dec. 29 after returning from Sierra Leone, where she had worked as a volunteer with Save the Children. After spending a month in a specialist isolation unit at the Royal Free Hospital in London, she was declared symptom free and returned to Scotland “happy to be alive,” according to the BBC. But on Tuesday this week she was admitted to a hospital in Glasgow after feeling unwell. Early Friday morning U.K. time, Cafferkey was transferred to the Royal Free Hospital in London by a military aircraft and readmitted at the isolation unit. She is thought not to be contagious.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

WASHINGTON (MarketWatch) – A rate hike in October or December is still “likely appropriate” as the economy is on a satisfactory track, said Dennis Lockhart, the president of the Atlanta Fed, on Friday. In a speech in New York, Lockhart said there is “a touch more downside risk” in the current environment than a few weeks ago. But he said he was not going to let one piece of data overly influence his outlook. Many economists think the weak September job report rules out a Fed hike this year. Lockhart is a voting member of the Fed policy committee this year and is often a bellwether on the thinking of the moderate center at the U.S. central bank.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

U.S. stocks opened marginally higher Friday and the main indexes were on track to post solid weekly gains. Friday’s modest opening gains follow days of global equity-market rallies, in part fueled by a sharp rebound in commodity prices. The S&P 500 opened 2 points, or 0.1%, higher at 2,015 and was on track to post its biggest weekly gain this year. The Dow Jones Industrial Average added 29 points, or 0.2% to 17,082. The Nasdaq Composite began the day up 3 points, or less than 0.1%, at 4,813.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

U.S. stocks opened marginally higher Friday and the main indexes were on track to post solid weekly gains. Friday’s modest opening gains follow days of global equity-market rallies, in part fueled by a sharp rebound in commodity prices. The S&P 500 opened 2 points, or 0.1%, higher at 2,015 and was on track to post its biggest weekly gain this year. The Dow Jones Industrial Average added 29 points, or 0.2% to 17,082. The Nasdaq Composite began the day up 3 points, or less than 0.1%, at 4,813.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News