The department store's shares fell nearly 8 percent after it issued a second-quarter performance update.» Read More
Pershing Square Capital Management tells CNBC it is not short the stocks of any banks.
Stocks ended a rocky session higher Thursday as investors were encouraged by JPMorgan's results and techs rallied amid anticipation of better results from Google after the bell.
An early pop fizzled Thursday as investors digested a mixed bag of economic and earnings news. Banks were mixed as techs gained.
No doubt General Growth Properties' bankruptcy filing will have far-reaching implications for commercial real estate. The bankruptcy, which is said to be the largest real-estate failure in U.S. history, will further pressure already stressed property values for U.S. malls and mall mortgages and spark further consolidation.
Futures pointed to a higher open Thursday as investors shrugged off some dismal data points, choosing to focus on a drop in the headline jobless-claims number.
Who knew bad research was comparable to the defamation of classic art?
So far retail sales in February are looking a lot better than in January, but that doesn't mean retailers are out of the woods yet. Still, a turnaround could be in the works for the middle of next year, says one analyst.
The visible signs of the carnage in the retail sector will soon be too hard for many to ignore. The International Council of Shopping Centers projects 148,000 retail stores will be shuttered in 2008, and another 73,000 stores will close in the first half of this year. If those estimates prove correct, the number of closures last year will be the highest since at least 2001, and this year, closures will be on track for a similarly brisk pace.
Following are the day’s biggest winners and losers. Find out why shares of McDonald’s and US Bancorp popped while Cash America and Coach dropped.
The Dow slid on Monday after Kuwait pulled out of a joint venture with Dow Chemical due to the deepening global recession, threatening Dow's planned takeover of Rohm & Haas.
Following are the week’s biggest winners and losers. Find out why shares of Nucor and Amylin popped while FedEx and JPMorgan dropped.
Following are the day’s biggest winners and losers. Find out why shares of BHP Billiton and Yahoo popped while Electronic Arts and Eastman Kodak dropped.
Customers turned out to the stores and malls this Black Friday, but the analysis so far indicates that there were fewer of them than last year. And those shoppers who did show up were far more selective, looking for the best bargains, in this competitive holiday season.
Following are the day’s biggest winners and losers. Find out why shares of Google and Fluor Corp popped while Research In Motion and General Motors dropped.
With ongoing earnings and capital concerns, financials have failed to muster up any sustained rally, as they continue to hit lower lows this week.
Shares of General Growth Properties fell 73 percent on Tuesday after the second-largest U.S. mall owner expressed doubts that it could continue operating due to its looming near-term debt.
Following are the week’s biggest winners and losers. Find out why shares of Fluor and Archer-Daniels-Midland popped while Yahoo! and Sprint dropped.
On a week where the US closed the chapter on a historic election, the markets rallied on Friday, up almost 2.5% or greater, however, all the major indices finished the week down about 4%.
S&P rallies in the last trading hour top ranking amongst its 10 biggest daily percentage and points gains in history.
Following are the day’s biggest winners and losers. Find out why shares of Exxon Mobil and Pacific Sunwear popped while RIMM and Deere dropped.