The next week investors get the last wave of reports from retailers. Here's Pisani's take on the Weather effect and the names that count.» Read More
The next week investors get the last wave of reports from retailers. Here's Pisani's take on the Weather effect and the names that count.
*Wells Fargo stake grows to nearly $17 billion. May 15- Warren Buffett's Berkshire Hathaway Inc on Wednesday revealed a new investment in Chicago Bridge& Iron Co and said it has added to its largest equity holding, Wells Fargo& Co..
Inspired by the glitz and glamour of the 1920s, several retailers are launching Great Gatsby-themed lines.
Take a look at some of Monday's midday movers:
Ralph Lauren will pay more than $1.6 million to settle a criminal and civil investigation into allegations that one of its subsidiaries bribed government officials in Argentina.
WASHINGTON, April 22- Clothing retailer Ralph Lauren Corp will pay more than $1.6 million to settle a criminal and civil investigation of allegations that one of its subsidiaries bribed government officials in Argentina.
Darling, do tell, how is the high-end consumer doing? We check in with Cramer's Gatsby Index, a composite of 13 stocks used to gauge high-end trends.
On Wednesday shares of PVH slipped lower to about flat on year. What gives?
Royal baby's not here but some retailers are already lucking out. Who they are and why.
How’s the economy affecting the better set? Cramer said these 13 stocks tell all.
The past five years haven't been the brightest for the economy or consumers, but that hasn't held back retail stocks. It's been the consumer that has led the way for the Dow Jones Industrial Average since the Oct. 9, 2007, closing peak for the blue chip index, with two retailers landing among the top five performers since that time.
Stocks wiped out most of the session's losses to finish flat in choppy trading Wednesday, but gains were limited by weakness in techs and as investors were reluctant to jump in following recent rallies that propelled major averages to five-year highs.
Take a look at some of Wednesday's midday movers:
NEW YORK, Feb 6- U.S. stocks were little changed in late morning trading on Wednesday as investors awaited fresh trading incentives after recent rallies took the S&P 500 to five-year highs. Transportation stocks were among the worst performers, weighed down by a 10- percent drop in CH Robinson Worldwide to $60.49 after it reported fourth-quarter earnings.
*Revenue rose 2.2 percent to $1.85 billion. Feb 6- Both Ralph Lauren Corp's holiday quarter results on Wednesday and its early sales forecast for next year pointed to renewed momentum for the fashion company after a rough patch in 2012, sending shares to their highest levels since May.
NEW YORK, Feb 6- U.S. stocks dipped on Wednesday as investors, awaiting fresh trading incentives, locked in profits after recent rallies took the S&P 500 to five-year highs.
NEW YORK, Feb 6- U.S. stocks were poised to open lower Wednesday, indicating the S&P 500 may retreat as it faces resistance to further gains beyond five-year highs in the wake of a 1- percent rally on Tuesday.
Feb 6- Ralph Lauren Corp on Wednesday reported holiday quarter sales and profits that showed renewed momentum after a rough patch earlier in the year, helped by steady business in the Americas and improvement in Europe.
U.S. stock index futures erased their early gains to turn lower in choppy pre-market trading Wednesday, as investors parsed through a batch of mixed earnings news .
Feb 6- Ralph Lauren Corp reported a higher quarterly profit for a holiday season it said had been strong, helped by solid momentum in the Americas and improvement in Europe. Net income rose 27.6 percent to $215.7 million, or $2.31 per share, in the third quarter ended Dec. 29, from $169.0 million, or $1.78 per share, a year earlier.