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Stock Market & Financial Investment News

News Breaks
February 26, 2013
11:01 EDTMMacy's says will stop breaking out online sales growth figures this year
Says to add 13 Millennial brands this year, will expand 11 others. Sees FY13 tax rate 36.95%. Expects to make $150M pension contribution during the year. Comments made on the Q4 earnings conference call.
News For M From The Last 14 Days
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October 23, 2014
08:41 EDTMBuild-A-Bear partners with Macy's to open shop-in-shop locations for holidays
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October 14, 2014
14:17 EDTMMacy's to open 2 hours earlier for Thanksgiving this year, CNN reports
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October 13, 2014
10:06 EDTMJ.C. Penney rises after selecting Home Depot executive as next CEO
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06:15 EDTMJ.C. Penney downgraded to Sell from Neutral at UBS
UBS downgraded its rating on J.C. Penney (JCP) shares to Sell saying the company's 2017 EBITDA target of $1.2B is overly optimistic as it assumes years of market share gains against strong competitors like Macy's (M) and Kohl's (KSS). UBS halved its price target for Penney shares to $5 from $10. The retailer's stock closed Friday down 52c to $7.12.

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