Prudential Insurance will take over J.C. Penny's administration and benefit payments to retirees to cut its pension obligation.» Read More
Plus, get calls on retail, sovereign wealth funds and more.
Plus, could eBay save the Sunshine State from its housing collapse?
Home building stocks are recovering from their recent selloff as House Speaker Pelosi is discussing extending--and possibly expanding--the first time homebuyers tax credit. Congressman Rangel is also saying it should be extended.
Kohls vs. JC Penney: battle of the titans. Interesting backstory on the battle between mid-priced department stores.
Commodities and commodity stocks higher pre-open on Alcoa earnings. While Alcoa is getting all the attention, Australia is again helping Asian markets due to a much better than expected jobs report there...Australia reported an increase of 40,600 jobs in August versus a forecast of a drop of 10,000 jobs.
The SPDR S&P Retail has gained about 6% over the past month. As we head into same-store sales data, what should you expect when the numbers are released, Thursday?
September retail sales: improving, but is it enough? September same store sales, out tomorrow, are expected to decline by 0.8 percent year over year, according to RetailMetrics.
Wal-Mart shares have stalled since having an early runup last year. John Lawrence, senior analyst at Morgan Keegan, offered investors his outlook for the retail giant.
One big investor apparently thinks that JCPenney may rally in the next two weeks and is using options to leverage the move.
With new data showing that consumers are unlikely to help spark growth anytime soon, can the market sustain its recent gains?
The stores may be shuttered, the company liquidated, but retail brands are increasingly living on long after the bankruptcy proceedings have ended. The latest example is the KB Toys brand, which was acquired by Toys 'R Us.
China's Shanghai Index rose 4.8 percent, as Chinese officials now routinely verbally manipulate the markets, this time after a securities regulator said the markets were healthy and pledged to keep it stable.
Quick recap on another episode of what is fast becoming a Friday night sensation. We kicked off the show with a good ol' fashion overwrite on National Oilwell Varco.
Commercial rents have fallen about 20 to 30 percent around the US, and paired with bargain-seeking consumers, discount retailers can now afford stores in lucrative spots of major metropolitan areas, where they couldn't previously afford the rent.
Are the dog days of August ahead? Stocks pulled back from their highs of the week, with the S&P 500 off 0.85%, the Dow sliding 0.82% and the Nasdaq down 1.19%.
Stocks skidded Friday after a disappointing report on consumer prices and as consumers' mood took a turn for the worse. The Dow finished down about 50 points on the week, snapping a four-week winning streak.That snapped the markets four-week winning streak:
The sentiment is that the markets are due for a pullback, but is this your next buying opportunity?
Several retailers --JC Penney for example -- are modestly raising 2009 earnings estimates. So why aren't the stocks up today?
Futures pointed to a lower open on Wall Street Friday after a report showed consumer prices posted their biggest year-over-year decline since 1950.
Thursday's market activity was headlined by bad news, but rose despite a jump in jobless claims, a dip in retail sales and a new report showing a 7% increase in foreclosures.