Response Statement, Technical Update, Monthly Sales Results, and Divestiture - Research Reports on FedEx, Las Vegas Sands, Rite Aid, Marriott and McGraw Hill
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NEW YORK, October 8, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding FedEx Corporation (NYSE: FDX), Las Vegas Sands Corp. (NYSE: LVS), Rite Aid Corporation (NYSE: RAD), Marriott International Inc. (NASDAQ: MAR) and McGraw Hill Financial Inc. (NYSE: MHFI). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/7012-100free.
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FedEx Corporation Research Reports
On October 3, 2014, FedEx Corporation (FedEx) issued a statement in response to a verdict from the Kansas Supreme Court, which directs to consider a class of mostly former contractors in the state of Kansas as employees under the Kansas Wage Payment Act, opposing to previous rulings by the United States District Court for the Northern District of Indiana. The Company stated that the model reviewed by the court is no longer in use. Since 2011, the Company has only contracted with incorporated businesses, which treat their drivers as employees. The Company in its statement expressed disagreement with the court's verdict and stated that it is committed to protecting the rights of thousands of independent business owners to continue owning and operating their own businesses. According to FedEx, over 100 state and federal decisions - including that of the U.S. Court of Appeals for the D.C. Circuit - have also upheld the Company's contractual relationships with independent businesses. The Company is also considering its options in response to the court's decision. The full research reports on FedEx are available to download free of charge at:
http://www.analystsreview.com/Oct-08-2014/FDX/report.pdf
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Las Vegas Sands Corp. Research Reports
On October 3, 2014, shares in Las Vegas Sands Corp. (Las Vegas Sands) moved up 1.00% to close Friday's session at $62.49, extending its gains from previous trading session. Las Vegas Sands' stock opened the session at $62.28 and oscillated in the range of $62.20 - $63.30, with 4.83 million shares changing hands. Over the previous three trading sessions, the stock has gained 0.45% outperforming the S&P 500 that lost 0.22% over the same period of time. The full research reports on Las Vegas Sands are available to download free of charge at:
http://www.analystsreview.com/Oct-08-2014/LVS/report.pdf
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Rite Aid Corporation Research Reports
On October 2, 2014, Rite Aid Corporation (Rite Aid) released its sales results for September 2014 (four-week period ended September 27, 2014). The Company's monthly same store sales increased 5.1% over the prior-year period, while front-end same store sales increased 2.3% . During the month, the Company's Pharmacy same store sales, which included an approximate 225 basis points negative impact from new generic introductions, improved 6.3% , while prescription count at comparable stores increased 4.4% over the prior-year period. The Company's September 2014 total drugstore sales stood at $2.0 billion, up 4.5% YoY. On YTD basis, the Company's same store sales improved 3.8%; front-end same store sales improved 0.8%; pharmacy same store sales increased 5.2%; and Prescription count at comparable stores improved 3.2%, over the prior-year period. The Company reported YTD total drugstore sales of $14.9 billion, up 3.3% YoY. The full research reports on Rite Aid are available to download free of charge at:
http://www.analystsreview.com/Oct-08-2014/RAD/report.pdf
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Marriott International Inc. Research Reports
On October 3, 2014, Marriott International Inc. (Marriott) issued a statement supporting the use of Gaylord Opryland that uses FCC-authorized equipment provided by well-known, reputable manufacturers to protect its Wi-Fi network. The Company stated that it aims to protect its guests from rogue wireless hotspots that can cause degraded service, insidious cyber-attacks and identity theft when they use Wi-Fi service. Further, the Company believes that the Gaylord Opryland's actions were lawful. In addition, Marriott informed that it will continue to encourage the FCC to pursue a rulemaking in order to eliminate the ongoing confusion resulting from its action and to assess the merits of its underlying policy. The full research reports on Marriott are available to download free of charge at:
http://www.analystsreview.com/Oct-08-2014/MAR/report.pdf
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McGraw Hill Financial Inc. Research Reports
On September 22, 2014, McGraw Hill Financial Inc. (McGraw Hill) announced its plan to sell its subsidiary, McGraw Hill Construction to Symphony Technology Group for $320 million in cash. The Company plans to close this transaction in Q4 2014, subject to regulatory approval and customary closing conditions. Douglas L. Peterson, President and CEO of McGraw Hill, said, "The sale generates good value for our shareholders and brings more focus to deliver global growth and performance across our rapidly expanding benchmarks, data and analytics businesses. This transaction completes our portfolio rationalization to create McGraw Hill Financial." The full research reports on McGraw Hill are available to download free of charge at:
http://www.analystsreview.com/Oct-08-2014/MHFI/report.pdf
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