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Stock Market & Financial Investment News

News Breaks
February 19, 2013
06:04 EDTM, JCP, MSOMacy's, J.C. Penney to battle in court over Martha Stewart, WSJ reports
Macy's (M) and J.C. Penney (JCP) are set to clash in a New York State Court this week in a rare public fight between the two department store chains as they struggle over their partnerships with Martha Stewart Living Omnimedia (MSO), reports the Wall Street Journal. Yet the right to sell particular homemaking products isn't the only issue under debate. They're expected to come armed with accusations of duplicity, greed and neglect, the companies are also poised to lash out at each other. Reference Link
News For M;JCP;MSO From The Last 14 Days
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July 23, 2014
09:02 EDTMMacy's reports new initiates in multi-year program to enhance sustainability
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July 18, 2014
18:12 EDTMVisa, MasterCard denied bid to dismiss opt-out swipe fee suits, Bloomberg says
Merchants that opted out of the swipe-fee settlement brought their own suits, which Visa (V) and MasterCard (MA) were not approved to dismiss, Bloomberg reports. Merchants such as Target (TGT) and Macy’s (M) pursued their cases after dropping out of an earlier settlement over swipe fees, Bloomberg added. Reference Link
10:40 EDTJCPJ.C. Penney call active on renewed takeover chatter
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10:28 EDTJCPRumor: J.C. Penney moves up on renewed takeover chatter
July 13, 2014
15:18 EDTJCPJ.C. Penney CEO successor search faces setback, WSJ says
It appears that J.C. Penney (JCP) is not having an easy time of identifying a successor for current CEO Myron Ullman, says the Wall Street Journal. According to the WSJ report, Mindy Grossman, CEO of HSN (HSNI), who is considered the lead candidate for Ullman's position, had been in talks with J.C. Penney but could not agree on terms and negotiations broke down moths ago. Reference Link

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