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Big stores nix credit card settlement, file suit

Some of the country's largest retailers, including Target Corp. and Macy's Inc., on Thursday filed a lawsuit against MasterCard and Visa, rejecting a settlement reached last year over alleged fee-fixing. Full story

Lower income shoppers still feeling pinched, U.S. retailers say

NEW YORK/CHICAGO (Reuters) - Cooler than usual weather and belt-tightening by shoppers still struggling with higher payroll taxes and stubborn unemployment dampened sales last quarter at chains from Macy's Inc <M.N> to Wal-Mart Stores Inc <WMT.N>. Full story

Business Highlights

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Earnings roundup: Macy's, Pinnacle Foods

Among the earnings stories for Wednesday, May 15, from AP Business News: Full story

Macy's profit, sales rise even as some shoppers pull back

(Reuters) - Macy's Inc <M.N> reported higher first-quarter profit and sales on Wednesday as it won market share from rival department stores. Full story

News Summary: Macy's 1Q profit up 20 pct

THE FIRST QUARTER: Macy's earned $217 million, or 55 cents per share, in the quarter ended May 4, up from $181 million, or 43 cents per share, a year ago. Revenue rose 4 percent to $6.38 billion. Analysts expected earnings per share of 53 cents on revenue of $6.4 billion. Full story

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Penney, Macy's court fight comes down to plastic pitchers

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Must read: Oops! Macy’s mistaken ‘super buy’

An excerpt from Lanny Davis’ “Crisis Tales: Five Rules for Coping with Crises in Business, Politics, and Life”

Video

  Martha Stewart on prison: ‘It’s terrible’

The entrepreneur talks with TODAY’s Matt Lauer about what she learned from the time she spent in prison in 2004, dealing with the criticism and negativity that comes with being in the public eye, and her two beloved grandchildren.

  Latest Decision In JC Penney-Macy's Fight

The judge in the JC Penney-Macy's fight has denied Macy's request for an expanded preliminary injunction, explains CNBC's Courtney Reagan. For now, JCP Everyday products will go on sale.

  Court Battle: Macy's vs. JC Penney

Judge Oing has decided Macy's lawyers have met the burden of proof necessary on the claim that Martha Stewart Living Omnimedia violated its contract with the store chain, reports CNBC's Courtney Reagan.

  Talking Numbers: JC Penney or Macy's?

Macy's and JC Penney continue to battle over who can sell Martha Stewart products in certain categories. Carter Worth, Oppenheimer, and Marc Lichtenfeld, The Oxford Club Association, discuss.

  Retail Giants Face-Off in Court: JCP vs. Macy's

The FMHR crew have the trade on Whole Food's 52-week low. And, CNBC's Courtney Reagan has the latest details on the legal battle between Macy's and JC Penney.

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Related Photos

A woman shops at the Macy's store at a mall in a Denver suburb
A woman shops at the Macy's store at a mall in a Denver suburb

A woman shops at the Macy's store at a mall in a Denver suburb May 16, 2008. REUTERS/Rick Wilking

Macy's "American Icons" Campaign Launch
Macy's "American Icons" Campaign Launch

NEW YORK, NY - MAY 14: Actor Tracy Morgan attends Macy's "American Icons" Campaign Launch at Gotham Hall on May 14, 2013 in New York City.

File of customers standing outside Macy's store in New York
File of customers standing outside Macy's store in New York

Customers stand outside Macy's store in New York, in this April 11, 2013 file photo. Macy's Inc reported higher first quarter profit and sales despite cool weather in much of the country that delayed spring shopping for many customers, and the department store raised its quarterly dividend 25 percen