Macy&#39;s, Bloomingdale&#39;s $3 billion portfolio in view
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HONG KONG (CBS.MW) -- British bank HSBC may make an offer for the $3 billion credit card portfolios of Macy&#39;s and Bloomingdale&#39;s department stores, according to a report published Tuesday.
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Stock investors will look to earnings  reports from retailers Federated Department Stores Inc.   and Target Corp.  this week as well as new soundings on  consumer sentiment as they to try to get a handle on the state  of the U.S. economy.
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Shares of the specialty retailer, which recently posted  better-than-expected November sales, may be undervalued despite  their rise this year, financial weekly Barron's said, citing an  analyst.
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BOSTON (CBS.MW) -- Investors added $3.7 billion to stock mutual funds for the week ending Dec. 29, compared with $3.2 billion last week, TrimTabs Investment Research reported Thursday.
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Cincinnati-based parent company Federated Department Stores (NYSE: FD) said it plans to convert all of its regional department stores - including Burdines - to the Macy&#39;s nameplate by the end of January.
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Macy's Inc  said on Friday that  it signed a deal with Tommy Hilfiger USA Inc for Macy's to be  the exclusive department store retailer of Tommy Hilfiger men's  and women's sportswear in the United States.
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Federated Department Stores Inc. , the parent of Macy's and Bloomingdale's, reported better-than-expected fourth-quarter profit on Tuesday.
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The recently retired chairman of the company that runs Bloomingdale's and Macy's department stores was indicted yesterday on charges he lied to state antitrust investigators probing an alleged boycott of big-box retailer Bed, Bath &amp; Beyond by upscale tableware manufacturers.
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U.S. and European banks including  Citigroup Inc  and HSBC Holdings PLC  are mulling  sales of parts of their businesses from branches to entire  units in a nod to crunch times ahead, the Wall Street Journal  reported on its Web site on Thursday.
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Shares of Macy&#39;s Inc.  rose on  Friday amid speculation that the retailer was ripe for a  takeover.
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Stock investors will look to earnings reports from retailers Federated Department Stores Inc.  and Target Corp.  next week as well as new soundings on consumer sentiment as they to try to get a handle on the state of the U.S. economy.
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Look for wedded bliss in select retail stocks.
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Two of the nation's most well-known companies today said they would combine to form the third-largest U.S. retailer.
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LONDON (Dow Jones)--HSBC Holdings PLC (HBC) has expressed an interest in the $3 billion store and credit card operations of Federated Department Stores Inc.
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U.S. stocks to watch on Wednesday  include Sears, Roebuck & Co., Kmart Holding Corp.,  Hewlett-Packard Co., and Network Appliance Inc.
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Stock investors will look to earnings reports from retailers Federated Department Stores Inc.  and Target Corp.  this week as well as new soundings on consumer sentiment as they to try to get a handle on the state of the U.S. economy.
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HSBC is interested in buying the $3 billion (1.6 billion pound) store and credit card operations of US retailer Federated Department Stores (FD.