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Macy's Inc

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  • Stocks end little moved near records; utilities hit Wednesday, 12 Nov 2014 | 4:50 PM ET

    Stocks fell Wednesday as investors mulled the slowdown in Europe and earnings from retailers.

  • Smucker and Susquehanna are big market movers Wednesday, 12 Nov 2014 | 4:30 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:. The J.M. Smucker Co., down $3.70 to $100.38. American Eagle Outfitters, up $1.29 to $13.80.

  • Penney 3Q loss narrows, but sales slow Wednesday, 12 Nov 2014 | 4:09 PM ET

    PLANO, Texas— J.C. Penney Co. narrowed its third-quarter loss but sales slowed as warm weather curbed demand for fall merchandise. The results offer some encouraging signs for the Plano, Texas- based retailer as it tries to recover from a disastrous attempt to reinvent itself. Last month Penney named Marvin Ellison as its next president and CEO.

  • NEW YORK, Nov 12- The Dow and S&P 500 dipped in late Wednesday afternoon trading, pausing after a series of record highs in the Dow and S&P 500, as financial shares lost ground after global regulators fined five major banks. The banks, including UBS AG, HSBC Holdings Plc and Citigroup Inc, were fined $3.4 billion for failing to stop their traders from trying to...

  • US STOCKS-Wall St near flat; banks, energy shares slip Wednesday, 12 Nov 2014 | 2:24 PM ET

    The banks, including UBS AG, HSBC Holdings Plc and Citigroup Inc, were fined $3.4 billion for failing to stop their traders from trying to manipulate the foreign exchange market. Citigroup, which will pay $1.02 billion to settle the probe, dipped 0.8 percent, while JPMorgan Chase, which is also facing a penalty, fell 1.5 percent and was among the biggest drags on the...

  • Midday Glance: Department Store Retail companies Wednesday, 12 Nov 2014 | 1:23 PM ET

    Kohl's Corp. rose $1.31 or 2.3 percent, to $57.54. Macy's Inc. rose $2.87 or 4.9 percent, to $61.46. Nordstrom rose $1.97 or 2.8 percent, to $72.45.

  • Midday movers: Dow Chemical, Google, Macy's & more Wednesday, 12 Nov 2014 | 12:48 PM ET

    Some of Wednesday's midday movers:

  • US STOCKS-Wall St little changed near record; banks slip Wednesday, 12 Nov 2014 | 12:30 PM ET

    *BB&T to buy Susquehanna Bancshares for $2.5 bln. Financial companies lost ground after global regulators fined five major banks- including UBS AG, HSBC Holdings Plc and Citigroup Inc- $3.4 billion for failing to stop their traders from trying to manipulate the foreign exchange market. Citigroup, which will pay $1.02 billion to settle the probe, dipped 0.8...

  • Nov 12- Department store operator Macy's Inc forecast higher same-store sales growth in the holiday quarter as it boosts online services, and reported a better-than-expected quarterly profit as costs fell. Macy's, which also owns the high-end Bloomingdale's chain, said it expects same-store sales, excluding licensed stores, to grow 1.8-2.8 percent in the...

  • What goes for Macy's goes for retail? Outlook cut Wednesday, 12 Nov 2014 | 12:20 PM ET
    Terry Lundgren, chairman and CEO of Macy's.

    Despite predictions of a consumer rebound this Christmas, things still aren't easy for department stores.

  • Macy's revenue misses; retailer lowers guidance Wednesday, 12 Nov 2014 | 12:14 PM ET
    A customer carries a shopping bag while walking through the Macy's Inc. flagship store in New York.

    Same-store sales, a key metric in the retail business, fell 1.4 percent. Analysts polled by Consensus Metrix had forecast same-store sales would rise.

  • US STOCKS-Wall St slips from latest record; banks fall Wednesday, 12 Nov 2014 | 11:27 AM ET

    *BB&T to buy Susquehanna Bancshares for $2.5 bln. Financial companies lost ground after global regulators fined five major banks- including UBS AG, HSBC Holdings Plc and Citigroup Inc- $3.4 billion for failing to stop their traders from trying to manipulate the foreign exchange market. Citigroup, which will pay $1.02 billion to settle the probe, dipped 1.4...

  • Early Glance: Department Store Retail companies Wednesday, 12 Nov 2014 | 11:05 AM ET

    Kohl's Corp. rose$. 17 or. 3 percent, to $56.40. Macy's Inc. rose $1.35 or 2.3 percent, to $59.94. Nordstrom rose$. 49 or. 7 percent, to $70.97.

  • Stocks open down, but China at 3-year high Wednesday, 12 Nov 2014 | 10:32 AM ET

    U.S. stocks opened lower on negative sentiment in Europe, but the Shanghai Composite closed up 1 percent to a three-year-high.

  • US STOCKS-Wall St pulls back from records; banks dip Wednesday, 12 Nov 2014 | 9:54 AM ET

    *BB&T to buy Susquehanna Bancshares for $2.5 bln. Financial companies lost ground after global regulators fined five major banks- including UBS AG, HSBC Holdings Plc and Citigroup Inc- $3.4 billion for failing to stop their traders from trying to manipulate the foreign exchange market. Citigroup shares dipped 0.5 percent to $53.56 while the S&P financial...

  • Nov 12- Department store operator Macy's Inc forecast faster same-store sales growth in the holiday quarter, and reported a better-than-expected quarterly profit as costs fell. Same-store sales at Macy's, which also owns the high-end Bloomingdale's chain, has either declined or grown slower than a year ago for 11 quarters now, except the second quarter ended...

  • This could add a bit of zing to trading Wednesday Wednesday, 12 Nov 2014 | 9:21 AM ET
    Traders on the floor of the New York Stock Exchange.

    There should be more zing in Wednesday's trading as traders return from the Veterans Day holiday, and the US bond market gets back to work.

  • Macy's cuts outlook in sign of discounts to come Wednesday, 12 Nov 2014 | 9:17 AM ET

    NEW YORK— Macy's cut its profit outlook after a sales shortfall in its latest quarter, suggesting that shoppers can expect another discount-laden holiday shopping season. Several chains, including J.C. Penney and Kohl's, have cautioned that fall sales were weaker than they expected. Those companies plus Wal-Mart and Target are reporting results this week and...

  • US STOCKS-Wall St to retreat from record highs at open Wednesday, 12 Nov 2014 | 9:05 AM ET

    *BB&T to buy Susquehanna Bancshares for $2.5 bln. Financial companies will be in focus after global regulators fined five major banks- including UBS AG, HSBC Holdings Plc and Citigroup Inc- $3.4 billion for failing to stop their traders from trying to manipulate the foreign exchange market. Citigroup shares dipped 0.6 percent to $53.49 before the opening bell.

  • Retail earnings, banks in focus on Wall Street Wednesday, 12 Nov 2014 | 8:52 AM ET

    Wall Street looked set for a lower open to trade on Wednesday, ahead of a final burst of earnings for the third quarter.