On Wednesday, Shares of Macy’s, Inc. (NYSE:M), gained 7.91% to $72.01, hitting its highest level.
Macy’s, Inc., declared it has sold its downtown Pittsburgh building at 400 Fifth Avenue to Philadelphia-based Core Realty, which is planning a major mixed-use redevelopment for the historic building. Macy’s will close its store in that location.
A final clearance sale in the downtown Pittsburgh store will start on Monday, July 20, and is predictable to run until early September.
The Macy’s building and annex comprises about 1.2 million square feet of space on 13 floors, partial street-level and arcade floors, a basement and sub-basement. Presently, about 475,000 square feet is Macy’s selling space. The original Kaufmann’s store was opened in 1887 and was expanded several times until 1913, and then again in the 1950s. Kaufmann’s was attained by The May Department Stores Company in 1946 which, in turn, was attained by the predecessor of Macy’s, Inc. in 2005. The Kaufmann’s nameplate was changed to Macy’s in September 2006.
Macy’s, Inc., together with its auxiliaries, operates stores and Internet Websites in the United States. Its stores and Websites sell a range of merchandise, counting apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods.
Shares of Altria Group Inc. (NYSE:MO), declined -0.23% to $51.23, during its last trading session.
Altria Group, will host a live audio webcast on Wednesday, July 29, 2015, at 9:00 a.m. Eastern Time to talk about its 2015 second-quarter business results. Altria will issue a press release containing its business results at about 7:00 a.m. Eastern Time the same day. The webcast can be accessed at altria.com.
Altria Group, Inc., through its auxiliaries, manufactures and sells cigarettes, smokeless products, and wine in the United States and internationally. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, Husky, and Marlboro Snus brand names.
Finally, Key Energy Services Inc. (NYSE:KEG), ended its last trade with 12.03% surge, and closed at $1.49.
Key Energy Services, will report second quarter 2015 financial results after market close on Wednesday, July 29, 2015, and Key administration will host a conference call to talk about these results on Thursday, July 30, 2015 at 10:00 a.m. CDT.
Key Energy Services, Inc. operates as an onshore rig-based well servicing contractor in the United States and internationally. It offers rig-based services, counting the maintenance, workover, and recompletion of existing oil wells; completion of newly-drilled wells; and plugging and abandonment of wells at the end of their lives, in addition to specialty drilling services to oil and natural gas producers.
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