Aeropostale Inc
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A former merchandising executive at retailer Aeropostale was convicted of defrauding the company and taking more than $25 million in kickbacks from a key vendor, federal prosecutors in New York said.
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Stocks extended their losses in the final hour of trading to close near lows Thursday, after Fitch took negative action on Greece's ratings and following several disappointing economic reports.
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Check out which companies are making headlines after-the-bell Thursday:
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U.S. stock index futures were trading flat in a choppy pre-market session Thursday following a report that jobless claims were unchanged last week and amid ongoing worries over the euro zone debt crisis.
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Happy Friday! With a parade of major retailers and some smaller tech firms on tap to post earnings next week, check out what analysts expect and how to trade some of the top companies.
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April’s weak same-store sales may be due to several seasonal factors, but analysts warn the reports could be a wake-up call for investors to be more selective on the heels of the sector's recent rally.
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With the early start of spring and Easter behind us, retail sales have slowed in April, with many retailers falling short of analysts' estimates.
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European stocks dropped, the euro rose as European Central Bank chief Mario Draghi spoke. Draghi said that the latest spate of weak economic data highlighted the "prevailing uncertainty."
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As teen retailer Urban Outfitters prepares to release its quarterly earnings on Monday after the closing bell, two analysts expressed their concerns about the space’s intense competition.
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I decided to seek out some excellent growth candidates by taking a look at small-cap stocks with market capitalization below $1 billion that were members of the Russell 3000 Index. I screened out stocks with price-earnings-to-growth, or PEG, ratios that were less than 1. In other words, these stocks are selling at a discount to their earnings growth and they carry zero debt.
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Last year was a tough one for hedge funds. A majority of funds lost money - but not all, apparently.
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With just six days left before Christmas, the holiday shopping season isn’t over yet, says Thomas Filandro of Susquehanna Financial Group. “I think the opportunity exists for a big surge in business,” said Filandro. “This week, including Super Saturday, could represent just 35 percent of the business, and the week after, a total 50 percent so its not over yet.”
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The Saturday before Christmas is too crucial to retailers to be left in the hands of procrastinating shoppers, so many stores are having “Super Saturday” this weekend, the New York Times reports.
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Used to be, customers would come running when stores cut prices. But these days, more Americans are becoming blase about bargains.
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Europe: The patient is on the table. Martin Wolff, in an editorial in the Financial Times this morning, said that euro zone officials who insisted on treaty changes that would take two years to enact before they would act decisively were akin to doctors who were treating a critically ill patient by working out an exercise program to ensure he didn't have another heart attack. It's an apt analogy.
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Stocks rallied sharply Wednesday, with the Dow posting its biggest one-day point and percentage gain this year, after global central banks announced a plan to support the global financial system and a handful of better-than-expected economic reports.
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Jim Cramer’s researcher, Nicole Urken, discusses why one important aspect of separating the wheat from the chaff is recognizing that price matters.
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Cramer makes the call on viewers' favorite stocks.
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Citigroup and Deutsche Bank analysts issued reports on Tuesday, highlighting how some better back-to-school results may be a prelude to a stronger holiday shopping season at some retailer chains.
