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J C Penney Company Inc

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  • May 19- A federal judge certified a class-action lawsuit that accuses J.C. Penney Company Inc of marking up retail prices on apparel and accessories to trick shoppers into believing they were getting big discounts when the items were advertised on sale. District Judge Fernando Olguin in Los Angeles said it was possible "in one stroke" to determine whether J.C....

  • May 19- A federal judge has certified a class-action lawsuit that accuses J C Penney Co Inc of marking up retail prices on apparel and accessories to trick shoppers into believing they were getting good deals when the items went on sale. District Judge Fernando Olguin in Los Angeles said it was possible "in one stroke" to determine whether J C Penney's advertising...

  • Wal-Mart 1Q profit falls on pay raises Tuesday, 19 May 2015 | 7:21 AM ET

    NEW YORK— Wal-Mart Stores Inc. reported a 7 percent drop in first-quarter profit as the strong dollar and some efforts to improve its business hurt its bottom line. Greg Foran, who had been president and CEO of Wal-Mart Asia and took over Wal-Mart's U.S. business last summer, asked for investor patience. Wal-Mart's results adds to questions about the health of...

  • Nordstrom's fastest-growing division stalls Friday, 15 May 2015 | 11:57 AM ET
    Nordstrom Rack in downtown Seattle

    Nordstrom Rack's same-store sales fell short of its full-price locations in the first quarter.

  • Trader on the floor of the New York Stock Exchange.

    U.S. stocks closed one percent higher on Thursday as investors cheered further weakness in the dollar and calmer bond markets, amid mixed economic data.

  • DuPont win over Peltz is a win for investors Thursday, 14 May 2015 | 11:42 AM ET
    Nelson Peltz

    DuPont's win over activist investor Nelson Peltz is a victory for long-term shareholders, says former Medtronic CEO Bill George.

  • NEW YORK, May 14- Even as the rise of online retailers such as Amazon.com Inc leads analysts to predict the eventual death of the American shopping mall, real estate fund managers are betting some will prosper- if they can lure the right kind of consumer. Simon Property Group Inc, the largest high-end mall operator in the country with properties including Palo Alto,...

  • After-hours buzz: Cisco, Shake Shack & more Wednesday, 13 May 2015 | 5:00 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Take a look at some of Wednesday's after-hours buzz: Cisco, Shake Shack & more

  • May 13- Department store chain J.C. Penney Co Inc reported a smaller-than-expected quarterly loss and lifted its annual gross margin target, helped by solid demand for women's apparel and home goods. The company posted a loss of $167 million, or 55 cents per share, in the first quarter ended May 2, compared with a net loss of $352 million, or $1.15 per share, a year...

  • Stocks close mixed as rising yields, soft data weigh Wednesday, 13 May 2015 | 4:00 PM ET
    Traders work on the floor of the New York Stock Exchange.

    U.S. stocks closed narrowly mixed as investors remained wary of climbing bond yields and the lack of a strong second-quarter rebound in the economy.

  • Is Macy's run over? Why the retailer is falling short Wednesday, 13 May 2015 | 2:19 PM ET
    People enter to Macy's store at the Newport Mall in Jersey City, N.J.

    Macy's has fallen short on earnings expectations three of the last eight quarters, according to Retail Metrics.

  • *Tech stocks rise, with Microsoft leading gains. May 13- Wall Street was little changed in afternoon trading on Wednesday, paring early gains, as a flurry of deals failed to make up for tepid economic data. "We are seeing some evidence that the weakness in the first-quarter has spilled over to this quarter, but I'm not concerned that U.S. consumer spending for the year...

  • Top trades before the closing bell Wednesday, 13 May 2015 | 1:30 PM ET

    The "Halftime Report" traders give their trades for the second half of the trading day.

  • WASHINGTON, May 13- U.S. retail sales were flat in April as households cut back on purchases of automobiles and other big-ticket items, the latest sign the economy was struggling to rebound strongly after barely growing in the first quarter. The weaker-than-expected retail sales report from the Commerce Department, and other data on Wednesday showing the 10th...

  • *Macy's, Ralph Lauren down after results. *Tech stocks rise, with Microsoft leading gains. May 13- Wall Street pared early gains in choppy trading as tepid economic data and a renewed selloff in the bond market more than offset a flurry of corporate deals on Wednesday.

  • The surprise retailer traders are betting on Wednesday, 13 May 2015 | 11:34 AM ET
    Customers at a J.C. Penney store in Brooklyn, New York.

    J.C. Penney stock has soared 37 percent this year, and now some are betting the rally will continue.

  • April retail sales spell bad news for Q2 GDP Wednesday, 13 May 2015 | 10:38 AM ET
    A shopper leaves a Banana Republic store in New York.

    What happened to retail? It looks sluggish, despite a lot of noise.

  • US STOCKS-Wall St opens higher after two days of losses Wednesday, 13 May 2015 | 10:23 AM ET

    *Macy's, Ralph Lauren down after results. May 13- U.S. stocks opened higher on Wednesday as data suggested that the economy was not rebounding strongly enough for the Federal Reserve to raise interest rates before September. "The data puts into question the Fed's notion that the weak first-quarter data was transitory," said Adam Sarhan, chief executive of Sarhan...

  • US STOCKS-Wall St set to open mixed on tepid data Wednesday, 13 May 2015 | 9:14 AM ET

    *Macy's, Ralph Lauren down after results. May 13- U.S. stock index futures pointed to a mixed open on Wednesday after data showed that the U.S. economy was struggling to make a strong rebound after meager first-quarter growth. "The data puts into question the Fed's notion that the weak first-quarter data was transitory," said Adam Sarhan, chief executive of Sarhan...

  • Futures pare gains on retail sales; earnings eyed Wednesday, 13 May 2015 | 8:48 AM ET
    Pedestrians carry Bloomingdale's shopping bags while walking in New York.

    U.S. stock index futures pared gains as data showed consumer spending remained muted despite warmer weather and lower gas prices.