The retailer's future is in question after declining sales followed explosive growth.

The retailer's future is in question after declining sales followed explosive growth.

NEW YORK CITY-Despite some bright spots, it's a pretty debtor-friendly legal landscape right now.

The luxury chain posted better-than-expected results and plans to close five stores this year.

NEW YORK CITY-The Fed invests in more government debt, JP Morgan Chase spends big, Stuy-Town's debt is purchased and other stories.

It looks like Macy's continues to outperform its peers in an unstable overall retail environment.

HORSHAM, PA-Hugh Frater, previously a PNC bank executive, will head up the former loan servicing unit of Capmark, which counts Warren Buffett as a major investor.

The retailer is rolling out initiatives that analysts believe could turn around its sales.