Tag Archives: department

J.C. Penney buys stake in Martha Stewart Living

Posted on December 7, 2011 by Martin Timble

Martha Stewart Living Omnimedia (NYSE:MSO) shares jumped 31 percent today after it was announced that J.C. Penney is buying a minority stake in the company for $38.5 million.

J.C. Penney will now own a 16.6 percent stake in Martha Stewart …

Posted in Main Post, Services | Tagged brand, company, customers, department, department stroes, J.C. Penney, lackluster sales, Martha Stewart Living Omnimedia, merchandising, MSO, NYSE, NYSE:MSO, retail, Ron Johnson, shares, shops, stake, stores | Comments Off

Gordman Stores posts 12 percent drop in 2Q earnings

Posted on August 31, 2011 by pmarek

Gordman Stores Inc. (NASDAQ:GMAN) blamed higher expenses ahead of the opening of more stores for its 12 percent drop in second quarter profits on tuesday.

The company which mainly operates department stores in the Midwest said that it earned $2.9 …

Posted in Latest Headlines, Services | Tagged 2012, analyst, company, costs, department, earned, earnings, expenses, fiscal year, GMAN, Gordman Stores, midwest, NASDAQ, NASDAQ:GMAN, operates, profits, quarter, report, revenue, sales, stores, trading | Comments Off

Freddie Mac to ask government for additional $1.5 billion

Posted on August 8, 2011 by Josie Middleton

It was announced on Monday that government controlled mortgage giant Freddie Mac will approach the government again to ask for an additional $1.5 billion in financial aid after posting a loss in its last quarter.

The company which was bailed …

Posted in Economy, Latest Headlines | Tagged 2008, bailed out, collapse, company, controlled, department, dividend, financial aid, Freddie Mac, mortgage, quarter, treasury | Comments Off

Wheat and Corn up as stockpile estimates come out lower than expected

Posted on July 12, 2011 by pmarek

The price of Wheat and Corn rose on tuesday after the U.S. government released its stockpiles estimates that came out lower than expected. Concerns regarding how hot weather could effect crops in key farming states also came into play as …

Posted in Commodities, Latest Headlines | Tagged Agriculture, analyst, bushels, Consulting, corn, department, estimates, farming, Global Commodity Analytics, stockpiles, US, wheat, wheather | Comments Off

JP Morgan pays $228 million to settle bid rigging claim

Posted on July 7, 2011 by pmarek

A unit of JP Morgan announced on thursday tat it has agreed to pay $228 million to settle civil fraud charges that claimed they rigged dozens of bidding competitions to win business from cities and countries.

The Securities and Exchange …

Posted in Financial, Latest Headlines | Tagged attorneys, Bank, bidding, bids, business, competing, department, investment, JP Morgan, JPM, Justice, NYSE:JPM, revenue, SEC, Securities, settlement | Comments Off

Crude prices rise as Yemen conflict continues and US dollar weakens

Posted on May 26, 2011 by pmarek

Brent Crude oil futures rose slightly on thursday as the Dollar weakened and unrest in Yemen seemed to outweigh concerns over weak economic growth and a slowdown in demand.

Thursday saw the third day of fighting in Yemen between government …

Posted in Commodities, Economy, Main Post | Tagged Analysts, Brent Crude, commerce, demand, department, dollar, economic, economists, foreign currency, government, investors, jobless, Labor Department, Oil, oil supply, quarter, report, Sana, sector, trends, turmoil, war, Yemen | Comments Off

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