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Macy's August Same-Store Sales +5.0%
Thursday, September 1, 2011 - 8:03am | 52Macy's, Inc. (NYSE: M) today reported total sales of $1.716 billion for the four weeks ended Aug. 27, 2011, an increase of 4.9 percent compared with total sales of $1.636 billion in the four weeks ended Aug. 28, 2010. On a same-store basis, Macy's, Inc. sales were up 5.0 percent in August.
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Saks Fifth Avenue OFF 5TH Unveils Additional Growth Plans
Monday, August 29, 2011 - 3:12pm | 114Saks Incorporated's (NYSE: SKS) Saks Fifth Avenue OFF 5TH today announced that it will continue to expand the company's store portfolio with addition of five new stores planned for 2012. This expansion is part of a long term growth opportunity for Saks Fifth Avenue OFF 5TH. Five new stores are...
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Bernanke Bounce Could Be In Play
Friday, August 26, 2011 - 11:03am | 216This morning, the Bernank told the market exactly what they had already expected, no QE-3 right now. He did hint that it is possible in the September, however, he is keeping the market guessing. The Federal Reserve has lost a lot of credibility over the past five years and another quantitative...
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UPDATE: Ladenburg Thalmann Lowers PT on United Therapeutics
Thursday, August 25, 2011 - 9:27am | 124Ladenburg Thalmann has published a research report on United Therapeutics (NASDAQ: UTHR) lowering the price target. In the report, Ladenburg Thalmann wrote, "FREEDOM-C2 fails to achieve statistical significance. The primary endpoint was the median hange in 6MWD at week 16 from baseline which...
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Top 4 NYSE Stocks In The Department Stores Industry With The Highest Cash
Thursday, August 25, 2011 - 4:34am | 133Below are the top department store stocks on the NYSE in terms of cash. J.C. Penney Company Inc (NYSE: JCP) had $1.55 billion in total cash and $3.10 billion in total debt for the latest quarter. Macy's Inc (NYSE: M) had $1.50 billion in total cash and $7.08 billion in total debt for the latest...
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Fast Money Picks For August 25th (TS, CSX, M, AAPL)
Wednesday, August 24, 2011 - 7:44pm | 178CNBC Fast Money's Tim Seymour said on the show that Tenaris S.A. (ADR) (NYSE: TS) is a buy. Tenaris S.A. (ADR) (TS) gained 1.98%, and closed at $31.99. Guy Adami wants to buy CSX Corporation (NYSE: CSX) on Thursday. CSX Corporation (CSX) gained 2.44% today, and it closed at $21.00. Karen Finerman...
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Notable Call Options Activity in Nordstrom
Wednesday, August 24, 2011 - 2:31pm | 91Shares of Nordstrom (NYSE: JWN) are higher on the session by 1.33%, currently trading at $40.47. The stock has been moving largely lower over the past three months and is currently trading below the 50-day average. Options traders are focusing on calls today. A short while ago the October 2011 $42...
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Brian Sozzi Talks About Specialty Retailers
Wednesday, August 24, 2011 - 11:31am | 382Brian Sozzi of Wall Street Strategies is out with a research report on specialty retailers. In his note, Sozzi says that prices are higher in specialty stores than at department stores like Macy's (NYSE: M) or J.C. Penney (NYSE: JCP). The department stores have done better better of moving...
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Financial Breakfast for August 24, 2011
Wednesday, August 24, 2011 - 7:42am | 521This is your Benzinga news summary and traders' outlook for Wednesday, August 24, 2011, covering headlines from overnight and Wednesday's pre-market session. Today in domestic pre-market trading, U.S equity futures are trading lower. At last check, Dow futures are down about 75 points and the U.S...
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Benzinga's Top Upgrades
Wednesday, August 24, 2011 - 7:42am | 125Analysts at Morgan Keegan upgraded AtriCure Inc (NASDAQ: ATRC) from “market perform” to “outperform.” ATRC's shares closed at $10.82 yesterday. AtriCure's trailing-twelve-month revenue is $63.28 million. Analysts at Benchmark Company upgraded Tesoro Corporation (NYSE: TSO) from “sell” to “buy.”...
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Credit Suisse Upgrades Saks To Neutral
Wednesday, August 24, 2011 - 5:55am | 20Credit Suisse has upgraded Saks Incorporated (NYSE: SKS) from Underperform to Neutral.
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Fast Money Picks For August 24th (MOS, TAN, NS, ETP, M)
Tuesday, August 23, 2011 - 7:46pm | 212On CNBC's Fast Money, Brian Kelly said that investors should buy The Mosaic Company (NYSE: MOS) tomorrow. The Mosaic Company (MOS) gained 4.24% today, and closed at $65.45. Tim Seymour suggested that you should fade the rally in solar stocks. If you are interested in solar ETFs, take a look at...
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UPDATE: J.C. Penney Enters into Stockholders Agreement with Pershing Square Capital Management
Friday, August 19, 2011 - 2:01pm | 496On August 19, 2011, J. C. Penney Company, Inc. (NYSE: JCP) entered into a stockholders agreement with Pershing Square Capital Management, L.P., in its capacity as investment advisor to certain funds, and on behalf of its controlled affiliates. Pursuant to the August Agreement, Pershing Square...
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comScore Media Metrix Ranks Top 50 U.S. Web Properties for July
Friday, August 19, 2011 - 12:20pm | 470comScore, Inc. (Nasdaq: SCOR) today released its monthly analysis of U.S. web activity at the top online properties for July 2011 based on data from the comScore Media Metrix service. Ticket sites were popular in July as Americans looked for summer entertainment at concerts and sporting events,...
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Pre-Market Movers; CONSOL Energy Up on Marcellus Shale JV
Thursday, August 18, 2011 - 9:17am | 109CONSOL Energy (NYSE: CNX) +9.50% on Marcellus Shale joint venture announcement. NetApp (NASDAQ: NTAP) -15.03% on weak sales outlook. MGM Resorts International (NYSE: MGM) -11.87% on Tracinda divestment. Wi-Lan (NASDAQ: WILN) -9.70% on bid for Mosaid. Ancestry (NASDAQ: ACOM) -9.51%. HCA...