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Michaels Stores News

News on Michaels Stores (Ticker: MIK) continually updated from thousands of sources around the net.

Yesterday | Law.com

Judge Guts $1.4B Damages Claim in Wyly Brothers' Case

After winning the liability phase of its securities fraud case against Texas entrepreneur Samuel Wyly and the estate of his deceased brother Charles, the U.S. Securities and Exchange Commission has encountered a major setback in its bid to collect $1.4 billion from the duo.

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Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, US Securities and Exchange Commission, Financial Services, Retail

Yesterday | Free Republic

Private Equity’s Free Pass

For thousands of hobbyists, the local Michaels Stores outlet is a must-stop shop for scrapbooks, dried flowers, crochet hooks, sewing notions and dozens of other do-it-yourself paraphernalia.

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Related Topix: Retail, Stanley

Tuesday | NAFCU

Michaels damages case dismissed

July 29, 2014 - An Illinois district court dismissed the class action suit against Michaels Stores Inc. seeking damages from the chain's data security breach earlier this year, on the grounds that "actual economic damage" had not been proven.

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Related Topix: Retail

Sat Jul 26, 2014

Reuters

SEC seeks $1.4 billion from Texas Wyly brothers after fraud verdict

Texas tycoon Sam Wyly and the estate of his late brother Charles should pay damages totaling $1.41 billion for their role in a scheme that hid trades in companies they controlled using offshore trusts, the U.S. Securities and Exchange Commission said.

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Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, US Securities and Exchange Commission, Financial Services, Retail

Tue Jul 22, 2014

Business Journal

Goodwill reportedly joins list of companies affected by data breaches

The Maryland-based nonprofit, which has 165 regional headquarters, one of which is in Dallas, said it was contacted July 18 by a payment card industry fraud investigative unit and federal authorities about the breach that could've affected select stores.

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Related Topix: Non-Profit, Retail

Sat Jul 19, 2014

Knoxville News Sentinel

Knoxville.com's fun things to do

Kids can make a craft for $2, starting every 30 minutes from 10-11:30 a.m. on Saturdays at Michael's Kids Club.

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Related Topix: Retail, Blount County, TN, Maryville, TN, Sports

Mon Jul 14, 2014

Courthouse News Service

Inside-Trading Count Against Wylys Nixed

The Texas tycoons behind arts-and-crafts franchise Michaels Stores did not engage in insider trading on a $40 million off-shore deal, a federal judge ruled.

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Related Topix: Retail, Securities and Exchange Commission, Corporate / Securities Law, Law, Stanley

Seeking Alpha

Money Managers Need Not Waste Time With Michaels

MIK's Sponsors have a history of wanting to dump shares or use the company as an ATM which isn't good news for owners of the stock.

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Related Topix: Retail, 9

MSMVPs

Privacy - Top Data Breaches for 1st half of 2014

The breach is thought to have affected the majority of the company's 145 million members, and many were asked to change their passwords as a result.

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Related Topix: Retail

Sat Jul 12, 2014

Knoxville News Sentinel

Ali James: July's deals for summer fun

Summer days may be long, but they are flying by. Pack in last minute fun this summer with these cheap and free family-friendly events.

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Related Topix: Family, Kids, Retail, Carmike Cinemas, Sports

Fri Jul 11, 2014

Reuters

UPDATE 1-U.S. judge finds Texas tycoon Wyly not liable for insider trading

Texas tycoon Sam Wyly and his late brother, Charles, were found not liable for insider trading by a U.S. judge on Friday, two months after a federal jury found them liable for committing fraud by using offshore trusts to hide stock sales.

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Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, Retail

Mon Jul 07, 2014

AmericanBankingNews.com

Michaels Companies Insider Theodore J. Bachmeier Acquires 3,000 Shares

Michaels Companies Insider Theodore J. Bachmeier acquired 3,000 shares of Michaels Companies stock in a transaction dated Wednesday, July 2nd.

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Related Topix: Retail

AmericanBankingNews.com

Insider Buying: Carl Rubin Acquires 10,000 Shares of Michaels Companies Stock

Michaels Companies CEO Carl Rubin bought 10,000 shares of the stock on the open market in a transaction that occurred on Wednesday, July 2nd.

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Related Topix: Retail

Wed Jul 02, 2014

Bloomberg

Hobby Lobby Discounts Outweigh Dismay Over Court Ruling

While Hobby Lobby Stores Inc.'s customers may disagree with the retailer's stance on contraception, they aren't changing their shopping habits or seeking their craft supplies elsewhere.

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Related Topix: US News, US Supreme Court, Retail, us Travel, Travel, Fulton County, GA, Atlanta, GA, Emory University

Tue Jul 01, 2014

Seeking Alpha

Michaels Companies - Not Much Appeal For Private Equity Leveraged IPOs These Days

Leverage limits are not appealing at the moment, in my opinion, however, I will keep the company on my watchlist.

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Related Topix: Retail, Life, Hobbies, Scrapbooking, Marketing

Benzinga

Hunting The Next GoPro: Short Week Brings Up To 7 IPOs

IPOmania ensued last week, as news media, bloggers, and the fast and furious Twitter users all rushed to talk about GoPro .

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Related Topix: Gen-Probe, Retail

Seeking Alpha

U.S. IPO Pricing Recap: GoPro Captures Extreme Gains In 11 IPO Week

Action camera maker GoPro gained 49% while crafts retailer Michaels fell flat in a week with 11 IPOs.

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Related Topix: Retail

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