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Macy's Chief Stores Officer Retires
Wednesday, February 1, 2012 - 5:36pm | 161Macy's, Inc. (NYSE: M) today announced a series of changes to its senior executive leadership team: Ron Klein, Macy's chief stores officer, will retire effective March 31, 2012, after a distinguished retailing career that includes 36 years with the company. He will devote the next two months to a...
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Bet On These 4 Blue-Chip Brands
Thursday, January 26, 2012 - 5:03pm | 423One of the things that legendary investor Warren Buffett looks for in his stock picks is a "moat," or some quality or qualities that protect a company's business from encroaching competition. One of the most common, and lucrative, "moats" is a tremendous brand which is instantly recognizable and...
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Cost Plus and Pier 1 to Open Near 52-Week Highs
Thursday, January 26, 2012 - 7:34am | 680The Nasdaq closed up more than 1%, the Dow and S&P 500 less than 1%, yesterday. Plenty of stocks rose to new 52-week highs during the trading session. Among them were Cost Plus World Market (NASDAQ: CPWM) and Pier 1 Imports (NYSE: PIR), which reached multiyear highs of $13.54 and $15.80 per...
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Short J.C. Penney on Price Change News
Wednesday, January 25, 2012 - 3:24pm | 728J.C. Penney (NYSE: JCP) announced a dramatic shift in its pricing initiatives today under the new leadership of former Apple (NASDAQ: AAPL) executive Ron Johnson. The company revealed that it is getting rid of hundreds of sales that it offers each year and is instead transitioning into a strategy...
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How to Use Technical Indicators
Tuesday, January 24, 2012 - 8:05pm | 588By Rick Silver, of EverestForex.com What are technical indicators? Technical indicators are forms of trading analysis that allow us to follow the price and volume patterns of foreign exchange currencies. They are useful to us as traders as they help inform our trading decisions and help us judge...
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Martha Stewart in Hot Water Again
Tuesday, January 24, 2012 - 12:33pm | 402Martha Stewart is in danger of being labeled a career criminal if she is not careful. Well, not really. But she probably wants to be careful when negotiating contracts with department stores. The last thing the former queen of the suburban wife needs is another brush with law darkening her...
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Positive Jobless Claims Move Equities Higher. Will the Trend Last?
Thursday, January 19, 2012 - 1:50pm | 782One thing is on most people's mind: how is the economy going to recover. According to conventional wisdom, the job market is one of the main indicators of economic strength. From newly minted college graduates to industry veterans, many Americans are struggling to find jobs. It's no secret that...
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Are Consumer Sentiment Numbers Meaningless?
Tuesday, January 17, 2012 - 12:51pm | 1194Traders across the globe are trying to figure one thing out right now: is Europe healing or not? Despite poor macroeconomic data, European citizens appear to be positive about the economy. Could these consumers be dead wrong about their economy? According to surveys, German citizens' economic...
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Should We Prepare for a Coming Retail Implosion in 2012?
Friday, January 13, 2012 - 5:15pm | 2039In light of weak December retail sales, while the economy remains relatively stagnant and US consumers are squeezed by rising gas prices, should we prepare for a coming retail implosion by the time the 2012 holiday season arrives? For several reasons, I believe an upcoming retail implosion may...
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Who Knew? Jobless People Can Help Your Portfolio
Thursday, January 12, 2012 - 8:42am | 755One thing is on most people's mind: how is the economy going to recover. According to conventional wisdom, the job market is one of the main indicators of economic strength. From newly minted college graduates to industry veterans, many Americans are struggling to find jobs. It's no secret that...
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Macy's, Inc. Prices $550 Million of 10-Year Senior Notes and $250 Million of 30-Year Senior Notes
Tuesday, January 10, 2012 - 4:28pm | 101Macy's, Inc. (NYSE: M) today announced the pricing of the public offering of $550 million aggregate principal amount of senior notes due 2022 and $250 million aggregate principal amount of senior notes due 2042 by its wholly owned subsidiary, Macy's Retail Holdings, Inc. The 2022 senior notes will...
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UPDATE: Credit Suisse Maintains Outperform, Raises PT to $36
Tuesday, January 10, 2012 - 10:31am | 149Credit Suisse reiterates its Outperform rating on Macy's (NYSE: M) and raises its price targets from $32 to $36 as momentum and a competitor's restructuring should help the company in the new year. Credit Suisse says, "With strong access to national brands and categories of merchandise that other...
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Benzinga's M&A Chatter for Friday January 6, 2012
Friday, January 6, 2012 - 5:51pm | 461The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday January 6, 2012: Goldman Sachs, KKR to Acquire Macy's The Rumor:Goldman Sachs (NYSE: GS) and KKR (NYSE: KKR) to acquire Macy's (NYSE: M) for $42 per share. A spokesperson for Macy's had no comment on...
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Is the Unemployment Rate Lying to Us?
Friday, January 6, 2012 - 11:04am | 765One thing is on most people's mind: how is the economy going to recover. According to conventional wisdom, the job market is one of the main indicators of economic strength. From newly minted college graduates to industry veterans, many Americans are struggling to find jobs. It's no secret that...
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Can J.C. Penney Capture Some of Apple's Retail Magic?
Thursday, January 5, 2012 - 2:32pm | 707Today, J.C. Penney shares fell nearly 7% after the company announced a cut in its fourth quarter guidance. The company guided Q4 EPS to be in the range of $0.65-0.70 against a prior guidance of $1.05-1.15. Analysts had forecasted EPS to be $1.08 for the quarter. Investors have watched the...