A shareholders seeking class-action status has filed a lawsuit against Sears Holdings and Edward Lampert over the proposed REIT transaction.
— June 1, 2015
Shares move up after hours on earnings beat, guidance lift and share repurchase plan.
Despite bringing in higher earnings, consumers failed to spend their money in April and socked it away instead.
The S&P 500 Retailing Industry Group index shed 0.3 percent to 1,129 amid a report from the Commerce Department’s Bureau of Economic Analysis that showed weak consumer spending.
Retail and luxury stocks were also mixed in morning trading on Monday.
It seems counterintuitive (from a Western-centric perspective), but a strong dollar is often bad for business — at least if you’re a U.S. company with business overseas.
Stock up more than 8 percent as top and bottom lines exceed expectations.
— May 31, 2015
In 2014, the Italian fashion group saw gains in profitability and revenues, boosted by growth at all brands.
Ongoing concerns over Greece’s debt situation weighed on investors.
— May 29, 2015