JC Penney reported a bigger quarterly loss and lower revenue than expected. CEO Mike Ullman vowed to put the retailer "back on a path to profitable growth."» Read More
May 15- Macy's Inc reported higher first-quarter profit and sales on Wednesday as it won market share from rival department stores. The retailer, which operates the Macy's and high-end Bloomingdale's chains, said comparable sales rose 3.8 percent in the quarter, a slightly below Wall Street expectations.
*Empire State Index contracts, PPI shows weak inflation pressure. NEW YORK, May 15- U.S. stocks climbed on Wednesday, with the Dow and S&P 500 hitting new all-time highs as the market's recent upward momentum persisted and offset some weak economic data.
*Empire State Index contracts, PPI shows weak inflation pressure. NEW YORK, May 15- The S&P 500 and the Nasdaq rose for a fourth straight day on Wednesday as tech shares gained and offset some weak economic data.
*Empire State contracts to lowest level in four months. NEW YORK, May 15- U.S. stocks slipped on Wednesday, as both the Dow and S&P 500 held near their most recent record highs after a flurry of economic data did little to upset investor expectations for central bank policies.
Kohl's Corp. fell$. 05 or. 1 percent, to $49.14. Macy's Inc. rose$. 62 or 1.3 percent, to $48.01. Nordstrom rose$. 09 or. 1 percent, to $61.33.
Rep. Scott Garrett intends to show that he and his committee are serious about oversight of the Securities and Exchanges Commission.
U.S. stock index futures remained lower Wednesday following a batch of tepid economic reports and a day after the Dow and the S&P 500 rallied to close at fresh highs.
May 15- Macy's Inc reported higher first-quarter profit and sales on Wednesday despite weak demand from some of its customers, and the department store operator raised its quarterly dividend 25 percent.
Macy's reported quarterly earnings that beat analysts' expectations, with strong sales that allowed the company to hike its dividend.
May 15- Macy's Inc on Wednesday reported higher first-quarter profit and sales despite cool weather in much of the country that delayed spring shopping for many customers, and the department store chain raised its quarterly dividend 25 percent.
It's an unusual combination: Rising stock market, rising Treasury yields and a firming dollar. Here's what it might mean.
May 14- North American retailers on Tuesday discussed forging their own Bangladesh safety agreement--an alternative to a legally binding accord that many European retailers have signed on to--though details of any alternative accord were still unclear.
Kohl's Corp. rose $1.02 or 2.1 percent, to $49.19. Macy's Inc. rose$. 51 or 1.1 percent, to $47.39. Nordstrom rose$. 75 or 1.2 percent, to $61.24.
The trade associations collaborating on a possible North American plan include the National Retail Federation, Retail Industry Leaders Association, American Apparel& Footwear Association, United States Association of Importers of Textiles and Apparel, Retail Council of Canada and Canadian Apparel Federation, according to people familiar with the talks.
Kohl's Corp. rose$. 75 or 1.6 percent, to $48.92. Macy's Inc. rose$. 43 or. 9 percent, to $47.31. Nordstrom rose$. 52 or. 9 percent, to $61.01.
May 14- North American retailers may join together on their own Bangladesh safety agreement, an alternative to a legally-binding accord that mainly European retailers have signed onto, according to a person with knowledge of the discussions.
WASHINGTON _ Labor Department releases the Producer Price Index for April, 8:30 a.m. Eastern. WASHINGTON _ Treasury releases international money flows data for March, 9 a.m.. WASHINGTON _ National Association of Home Builders releases housing market index for May, 10 a.m..
Kohl's Corp. rose$. 21 or. 4 percent, to $48.38. Macy's Inc. rose$. 25 or. 5 percent, to $47.13. Nordstrom fell$. 15 or. 2 percent, to $60.34.
Kohl's Corp. fell$. 73 or 1.5 percent, to $48.17. Macy's Inc. fell$. 35 or. 7 percent, to $46.88. Nordstrom rose $1.32 or 2.2 percent, to $60.49.
Kohl's Corp. fell$. 57 or 1.2 percent, to $48.33. Macy's Inc. fell$. 38 or. 8 percent, to $46.85. Nordstrom rose$. 76 or 1.3 percent, to $59.93.