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U.S.stocks closed higher on Thursday at August highs despite subpar economic data around the world, and after conciliatory remarks from Putin.
Aug 14- Department store chain J.C. Penney Company Inc reported a 5 percent rise in quarterly sales, helped by increased demand for household goods, apparel and jewelry. The company said its loss narrowed to $172 million, or 56 cents per share, in the second quarter ended August 2, from $586 million, or $2.66 per share a year earlier.
The stronger-than-expected quarterly results have some analysts convinced that the retailer's turnaround is finally taking hold.
Aug 14- Wal-Mart Stores Inc cut its full-year profit forecast, citing higher employee healthcare costs and increased investment in its online business, and the company said heavy discounting was likely to continue into the holiday shopping season.
U.S. stock-index futures traded mixed on Thursday after falling slightly on higher-than-expected jobless claims.
Aug 14- Department store chain Kohl's Corp reported a better-than-expected quarterly profit as costs fell, sending its shares up 3.4 percent in premarket trading. Kohl's, which caters to price-sensitive middle-class shoppers and competes with Macy's Inc, J.C. Penney Co Inc and Nordstrom Inc, said net sales fell 1.1 percent to $4.24 billion.
Stocks have hit an air pocket, floating higher as investors for now look past all the worries of the last couple of weeks.
There's decent economic data, but a number of companies are still not getting much traction. Macy's is a good example of this.
Take a look at some of Wednesday's midday movers:
Macy's reported quarterly earnings that missed analysts' expectations and said the full year would be weaker than expected.
U.S. stocks pared gains in light volume trading on Monday as investors looked for signs of easing in geopolitical tensions.
Despite overseas unrest, Cramer thinks the backdrop for stocks is relatively bullish. Here's what's on his calendar.
With a slew of retailers reporting earnings this week, including Wal-Mart, here's what investors will be paying attention to.
There's a slew of data coming in the week ahead, but it's geopolitical events that could keep markets volatile—particularly when it comes to Russia.
Talking Squawk, the official "Squawk Box" blog, provides tidbits, insights, and some sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.
With everyone distracted by Ukraine and Russia, Europe is becoming an increasing risk for markets.
BOSTON, Aug 4- Billionaire investor William Ackman's Pershing Square Holdings has risen 27.2 percent this year, according to an investor in the fund, after extending its gains modestly last month when many hedge fund managers suffered losses.
Over the next 25 years, as technology increasingly revolutionizes retail online and in stores, leaders will have to adjust their skills.
July 30- General Electric Co's credit card unit, Synchrony Financial, raised $2.88 billion in the biggest initial public offering so far this year, the company said on Wednesday.
A list of major retailers are looking to fill vacancies at the top of their C-suites.