United States District Court for the District of Massachusetts basically concluded about independent contractor arrangements in Massachusetts. In Anderson v. Home Delivery America, plaintiffs delivered Sears Holdings Corp (NASDAQ:SHLD) and K-Mart products for Home Delivery America (“HDA”). Three of the four plaintiffs contracted with HDA through various business forms such as corporations and limited liability companies. All of the drivers drove their own trucks—not HDA vehicles—and employed and paid a “helper” to assist them with deliveries. Sears Holdings Corp (NASDAQ:SHLD) stock opened at $37.90 in last trading session, and closed at $36.71, trading in the range of $35.50 – $37.96. The stock showed a negative weekly performance of -20.42%.
Shares of Aeropostale Inc (NYSE:ARO) are moving higher amid speculation the company has canceled its January 14 appearance at the ICR XChange Conference. The retailer has no appearances listed on its website for upcoming events. Shares of Aeropostale are off their highs, but remain up 8% to $9.27 in morning trading. Investors may be speculating the cancellation is related to possible deal talks, as opposed to a scheduling conflict. Aeropostale has been called an attractive leveraged buyout candidate by analysts at Jefferies, and adopted a stockholders rights plan on November 26 intended to prevent an acquisition on unfavorable terms. Note that on November 21 Crescendo Partners urged Aeropostale to commence a sale process and two days prior Hirzel Capital reported 6.0% stake in the retailer and said it planned to have discussions with management. Aeropostale Inc (NYSE:ARO) shares closed at $8.43 on last trade day, by losing -6.02%. Stock 52 week range is $7.78 – $17.10. Company’s market capitalization is $661.70 million.
Shares of SUPERVALU INC. (NYSE:SVU) rose Thursday after the grocery store operator reported a higher quarterly profit less than a year after trimming its operations.The Minneapolis-based company had sold five of its chains — including Albertson’s and Jewel-Osco — to focus on Save-A-Lot and smaller regional chains amid intensifying competition in the supermarket industry. SUPERVALU INC. (NYSE:SVU) stock decreased -6.58% and finished the last session at $6.39. The EPS of the stock remained -0.99. Company’s market capitalization is $1.66 billion.
YRC Worldwide, Inc. (NASDAQ:YRCW)’s shares sank for a second day after union workers rejected a concession-filled labor agreement that the trucker needed to refinance more than $1 billion and ward off a default. YRC Worldwide, Inc. (NASDAQ:YRCW) stock opened at $12.45 in last trading session and closed at $13.58. The 52 week range of the stock is $5.75 – $36.99 and the day range was $11.81 – $13.75.
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