Prudential Insurance will take over J.C. Penny's administration and benefit payments to retirees to cut its pension obligation.» Read More
A coalition of the nation's largest companies, spearheaded by Starbucks, pledged to hire 100,000 young Americans who have been shut out of the market.
Halfway through the Halftime Portfolio competition. All but two competitors are outperforming the S&P 500 so far.
If there was ever an argument for owning a broad portfolio of stocks, the first half of 2015 is Exhibit 1.
After contending with port strikes, a long winter and the impact of a stronger dollar, retailers are hoping to move past the noise.
June 9- Target Corp said it would double its share buyback program to $10 billion and boost its quarterly dividend by 7.7 percent, confirming the contents of a statement it published inadvertently and took off its website earlier on Tuesday. The Minneapolis, Minnesota- based retailer said it had invested $3.7 billion through the first quarter of 2015 to retire...
As shopping malls across the U.S. fall by the wayside, developers are ponying up big bucks on innovative properties.
Hudson's Bay Co, the parent of Lord and Taylor and Saks Inc, said in February it would form two real estate joint ventures, paving the way for it to sell some of its property assets. Shares of Hudson's Bay have risen almost 50 percent over the last 12 months. Sears Holdings Corp also said in April it plans to spin off 254 stores into a real estate investment trust next...
Jim Cramer gives his take at lightning speed for a few caller favorite stocks.
Popsugar, one of the top online destinations for millennial women, is launching a section that it hopes will resonate with young Hispanic women.
Former JC Penney CEO Allen Questrom explains why Michael Kors' stock has dropped so much and why it's an industry-wide problem.
The "Halftime Report" traders give their top trades for the second half of the trading day.
Retailers have had their share of stumbles over the years. Here's who's turning it around.
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...
Nordstrom Rack's same-store sales fell short of its full-price locations in the first quarter.
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'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,...
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...