Macy's Inc
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Bernanke pre-empted by Dudley: Will he throw it back into Congress' lap?
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NEW YORK-- Standard& Poor's Ratings Services said Friday that it assigned a "B" junk-grade status rating to J.C. Penney's new $1.75 billion term loan. J.C. Penney, based in Plano, Texas, has been struggling with weak sales for some time and recent efforts to revitalize the retailer flopped.
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Stocks finished modestly higher Friday with major indexes posting their third week in positive territory and the Dow and S&P 500 closing at new record highs.
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WASHINGTON _ Commerce Department releases retail sales data for April, 8:30 a.m. Eastern; Commerce Department releases business inventories data for March, 10 a.m..
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Kohl's Corp. rose$. 08 or. 2 percent, to $48.29. Macy's Inc. rose$. 61 or 1.3 percent, to $47.06. Saks rose$. 08 or. 7 percent, to $11.85.
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Kohl's Corp. rose$. 27 or. 6 percent, to $48.48. Macy's Inc. rose$. 48 or 1.0 percent, to $46.93. Nordstrom rose$. 51 or. 9 percent, to $59.00.
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Here's a handful of companies benefitting from the massive wedding industry. TheStreet.com reports.
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To get you ready for the latest "The Great Gatsby" movie, "Taking Squawk" looks at what we could call the "Gatsby" stock market. Plus, poopgate: Look out below!
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Wall Street analysts got ahead of themselves with upbeat expectations, said AlixPartners' Managing Director Steve Nevill, noting that unemployment remained high, and consumers were still worried about their prospects.
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A number of top U.S. retailers reported disappointing April sales as consumers gravitated toward discount chains and bad weather delayed spring shopping in much of the country.
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*Costco, L Brands miss estimates. May 9- Costco Wholesale Corp and Victoria's Secret parent L Brands Inc reported smaller-than-expected sales gains in April, when consumer mood swooned on concerns about the job market recovery.
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*Buckle, Zumiez shares rise as sales top views. That was less than the 4.3 percent increase Wall Street expected. Wall Street got ahead of itself with upbeat expectations, said AlixPartners' Managing Director Steve Nevill, noting that unemployment remained high and consumers were still worried about their prospects.
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*TJX: Wells Fargo cuts to market perform from outperform-. *Kohl's Corp: Wells Fargo starts with market perform-. *Ross Stores: Wells Fargo transfers coverage with market perform- theflyonthewall.com* Lululemon, Macy's: Wells Fargo starts with market perform- theflyonthewall.com.
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*JP Morgan raises price target to $52 from $46. For a summary of rating and price target changes on U.S. companies: Reuters Eikon users, click on RCH/US Reuters 3000 Xtra users, double-click RCH/US Reuters Station users, click. 1568.
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The "Fast Money" traders share their final trades of the day.
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Advocates on both sides of the aisle want to lower the official corporate tax rate and the country's biggest companies are in favor, but how? NYT reports.
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CHICAGO, May 3- With consumer stocks blazing this year, it makes sense for investors to focus on retailers as the U.S. economy continues an inchworm-like recovery. But retail is a fickle business. The sectors have gained 14 percent and 17 percent year to date, respectively, through May 1, according to Standard& Poor's.
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Treasury Secretary Jack Lew will meet with Wall Street and business executives in New York on Thursday evening to discuss issues, including how to strengthen the U.S. economic recovery and further reduce the deficit, an official said.
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Treasury Secretary Jack Lew will meet with Wall Street and business executives in New York on Thursday evening to discuss issues, including how to strengthen the U.S. economic recovery and further reduce the deficit, an official said.
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NEW YORK, April 30- An appeals court ruled on Tuesday that J.C. Penney Co Inc can keep selling a line of home goods designed by Martha Stewart, pending a verdict in Macy's Inc lawsuit to stop Penney from selling the products.
