The largest U.S. banks are keeping their exposure to the beleaguered retail sector in check, according to Fitch Ratings' latest Banks Chart of the Month.
J.C. Penney gave its investors — and the retail industry — some good news on Friday, topping Street estimates and reporting better than expected sales for its third quarter.
An activist hedge fund has purchased a 5% stake in Macerich, according to a CNBC report, sending the company’s shares up 12% and fueling talk it could push for a sale of the mall owner.