Retail Sales
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JC Penney CEO Mike Ullman told shareholders: "I have an enduring affection for J.C. Penney." They appeared to return the favor, at the company's shareholder meeting.
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Discussing whether it's time to be more offensive in the market, with the FMHR team and CNBC's Steve Liesman. And Erin Gibbs, S&P Capital IQ, says consumer stocks could be ready for a rotation.
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It's good to remember that some turnarounds have happy endings. For retailer Gap, the current outcome is a positive one as investors are again falling into the Gap.
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NEW YORK, May 13- Prices for U.S. The Commerce Department said on Monday retail sales edged up 0.1 percent last month, instead of dropping 0.3 percent as expected by economists in a Reuters poll. " This bodes well for the rest of the second quarter, "said Paul Dales, senior U.S. economist at Capital Economics in Toronto.
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*Elan to buy part of U.S. drug firm Theravance's royalty for $1 billion. NEW YORK, May 13- U.S. stocks dipped on Monday, retreating from the most recent record high, but an unexpected rise in retail sales last month muted declines.
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NEW YORK, May 13- Prices for U.S. The Commerce Department said on Monday retail sales edged up 0.1 percent last month, instead of dropping 0.3 percent as expected by economists in a Reuters poll. "
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*Elan, Theravance reach royalties deal. NEW YORK, May 13- U.S. stocks were poised for a lower open on Monday after the S&P 500 index closed at a record high, but an unexpected rise in retail sales last month was likely to curb any decline.
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WASHINGTON, May 13- U.S. retail sales unexpectedly rose in April as households bought automobiles, building materials and a range of other goods, pointing to underlying strength in the economy. The Commerce Department said on Monday retail sales edged up 0.1 percent after a revised 0.5 percent decline in March.
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U.S. retail sales unexpectedly rose in April as households bought automobiles, building materials and a range of other goods.
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WASHINGTON, May 13- U.S. retail sales unexpectedly rose in April as households bought automobiles, building materials and a range of other goods, pointing to underlying strength in the economy. The Commerce Department said on Monday retail sales edged up 0.1 percent after a revised 0.5 percent decline in March.
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CNBC's Rick Santelli breaks down the latest numbers on retail, and takes a look at what it indicates about the economy and the impact on the markets, with CNBC's Steve Liesman.
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The retailer is making a turnaround, reports CNBC's Courtney Reagan.
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WASHINGTON-- A report Monday on April sales at U.S. retail businesses could show whether consumers are growing more worried about the economy or regaining their confidence after a temporary March lull. Two straight months of declining retail sales would suggest that higher Social Security taxes are starting to make Americans more cautious about spending.
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Retail sales, industrial production, regional Fed surveys. These are just a few of the reports that could keep the bulls charging next week — or maybe not.
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CNBC's Tyler Mathisen looks back at the week's top business and financial stories.
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WASHINGTON _ Commerce Department releases retail sales data for April, 8:30 a.m. Eastern; Commerce Department releases business inventories data for March, 10 a.m..
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True Religion Apparel has agreed to a buyout offer of at least $826 million from the investment management firm TowerBrook Capital Partners.
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It was a strong week for stocks, with the FMHR team. Meanwhile, CNBC's Josh Lipton weighs in on the gold miners.
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Gary Kaminsky, Morgan Stanley vice chairman, shares his best ideas for where to put your money.
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Wrigley has temporarily halted the production of its Alert caffeinated gum as the FDA's investigates the safety of caffeine-added foods.
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CNBC's Courtney Reagan runs through the names of last month retail winners and losers.