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U.S. Day Ahead: Style guru Martha Stewart takes the stand

Monday, March 04, 2013 - 02:24

Mar 4 - We've heard from the CEOs of Macy's and J.C.Penney, now it's the turn of Martha Stewart. Macy's is suing her and Penney after they made plans to launch Martha Stewart boutiques in about 700 stores.

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We've heard from the CEOs of Macy's and JC Penney. Now the turn of Martha Stewart to take the stand Macy's is suing the styled guru and penny after the -- man -- 2011 to launch Martha Stewart would -- About 700 department stores are legal team has focused on why she didn't tell me he's about the penny deal until the night before it was announced. Also why she thought the move would not violate a contract with me he's. Pennies CEO Ron Johnson has already said he knew it would create a conflict if -- ended the day down over 5%. Another big big -- may get a grilling city boss Michael -- that makes his second major public appearance. This time at his company's financial services conference in Boston. Our banking teams that pay attention to anything court ascent about new performance benchmarks to judge. Turnaround at the Wall Street giant cities fourth quarter profit shot up from a year ago but fell well short of analysts' expectations. Still investors are optimistic Citi shares are up about 7% since the start of the year. Your economics that is the ISM non manufacturing index and a further sign of tepid growth in services. Expert that I have RT the index should still get 55. That area of the economy has been stuck in limbo for the last six months -- major -- -- its 52 or below it would mean consumers are cutting back on spending faster than expected. After recent tax hikes. Well how sustainable is this surge and -- shares will find out when Smith & Wesson report earnings. Profits are sad to jump from a year ago -- first time buyers especially women and pensioners who rushed to get ahead of potentially stricter ownership -- That's been driving up failed and the stock jumped 11% since the tragic any hooks or killings last December. Analysts are especially bullish shoppers still bigger from rivals mr. rumor they jumped over 50%. Last quarter. We'll follow us on Twitter at what are his -- get more of our great video that Reuters dot com slash writers TV. Tuesday it's all about energy independence when we talked expert analyst and CEO at -- -- oil and gas conference in Houston Texas. The big question. Too much faith and Nat gas. I'm -- mom this is --

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U.S. Day Ahead: Style guru Martha Stewart takes the stand

Monday, March 04, 2013 - 02:24