Martha Stewart Living Omnimedia (NYSE: MSO) was sued last week by Macy’s Inc. (NYSE: M) for breach of contract following the homemaking company’s announcement of a new deal to sell Martha Stewart…
Paul Ausick The U.S. indicts Swiss bank Wegelin on tax evasion charges. (Reuters) Fed president Richard Fisher says there is no need for QE3. (Reuters) Panasonic posts a quarterly loss of $2.6 billion. (Reuters)…
Former Apple (NASDAQ: AAPL) retail chief Ron Johnson, hired to achieve a turnaround at JCPenney (NYSE: JCP), is off to a terrible start. The wobbly department store company may not recover for…
Eurozone ministers reject a settlement between private bondholders and Greece. (Reuters) Macy’s (NYSE: M) sues Martha Stewart Omnimedia (NYSE: MSO) over a deal the media company did with JCPenney (NYSE: JCP) that…
2012 may seem like a resurgence of the banking sector is afoot, but what about the resurgence of the U.S. auto industry. The age of the consumer fleet is at a record…
US equities opened strongly this morning and managed to maintain solid gains throughout the day. The in-line earnings report last night from Alcoa Inc. (NYSE: AA) and higher commodity prices — based…
These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Tuesday morning. Apollo Group Inc. (NASDAQ: APOL) Reiterated Buy and raised price…
US retailers are reporting December same-store sales today, and here’s a wrap-up of the results as of about 10 a.m. this morning. Reports were in from Costco Wholesale Corp. (NASDAQ: COST), Target…
J. C. Penney Company, Inc. (NYSE: JCP) is getting hit pretty hard this morning. While current investors will not appreciate the drop, this is actually great news for those investors who wanted…
December same-store sales at Macy’s Inc. (NYSE: M) rose 6.2%, well above the consensus estimate of 5%. But sales for the peak sales season of November and December rose less, just 5.7%.…
Paul Ausick Customer service surveys cannot entirely distinguish between true, direct customer service on the one hand and brand perception and reputation of the company providing the service on the other. A look at…
What Eddie Lampert put together in 2005 could be broken into pieces again, and that might be the only realistic way to “fix” Sears Holdings (NASDAQ: SHLD). Lampert engineered a merger of…
Investors walked away from several retail stocks late this year. Those companies probably will continue to falter in 2012 and 2013. Best Buy (NYSE: BBY), Gap (NYSE: GPS) and Sears Holdings (NASDAQ:…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage research calls this Tuesday morning. Amgen Inc. (NASDAQ: AMGN) Added to Strong Buy List at Zacks…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Friday morning. Amgen Inc. (NASDAQ: AMGN) Raised to Neutral with $57.00 price target objective…
