Macy's (M) 'Completely int the Dark' Over JCPenney (JCP), Martha Stewart (MSO) Pact - Lawyer
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Price: $19.02 +1.44%
Overall Analyst Rating:
NEUTRAL (
Down)
Dividend Yield: 3.2%
Revenue Growth %: -4.0%
Overall Analyst Rating:
NEUTRAL (
Down)Dividend Yield: 3.2%
Revenue Growth %: -4.0%
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Macy's (NYSE: M) shares are slightly lower on Wednesday's session as litigation over a deal between Martha Stewart Omnimedia (NYSE: MSO) and JCPenney (NYSE: JCP) unfolds.
With opening remarks, a lawyer for Macy's said the retailer was kept "completely in the dark" over the deal for JCPenney to sell Martha Stewart-branded products.
The trial is taking place in New York state court in Manhattan today. Both JCPenney and Martha Stweart Omnimedia are positive on the session.
With opening remarks, a lawyer for Macy's said the retailer was kept "completely in the dark" over the deal for JCPenney to sell Martha Stewart-branded products.
The trial is taking place in New York state court in Manhattan today. Both JCPenney and Martha Stweart Omnimedia are positive on the session.
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