half off these high thread count sheets for 209.99 at kohl's.hen she found this price inside the packaging, 40 bucks cheaper than the outside sticker. did she really get half off? >> you really look at packaging on the stores and you expect the price on top is cheaper and actually it was more expensive. >> reporter: she suspects kohl's may be marking up prices before marking them down making sales seem bigger. >> this is just not right. >> reporter: hidden cameras sent inside several kohl's stores reveal the printed price tags on at least 15 items from clothes to kitchen products had been marked up, some as much as $100. this twin sheets set off for 50% off 89.99 has another price tag inside the packaging for 49.99. do the math. the current sale is only a $5 savings from the original tag. >> that's not so hot. >> reporter: and this skillet on sale for 34.99 has a sticker that says the regular price is 39.99. but underneath that sticker, you can see it was once marked 29.99. that means a current price on sale is actually $5 more than the original

you starting with kohl's? >> yeah. you know, no surprise people are talking about kohl's today because of the really not so great performance. what's interesting when you look at the kohl's story is the margins are what really got compressed here. if you look back a quarter ago the company said the gross margin will be up or down by ten basis points. it was down by about 64 basis points. the company says it was down because sales were below expectations. >> you know why? herb, they can't raise prices. right? they're getting pushback. they tried to to expand their margins and just can't. >> well, the question is why can't they? and the one issue you keep coming back to, a lot of people want to come in and say look at pennies over there. i'm getting cross currents when i talk to different people because there was some chatter this morning has penny's stolen share? people in the industry say no they haven't but what penny's did is kept giving eveing away and made any shopper go where they could get the lower price. >> guy

. >>> today we'll get earnings reports from target and kohl's. investors want to know how well they're competing with walmart and amazon. hewlett-packard's earnings declined. in the first quarter with meg whitman at ceo. the net income fell 44% and revenue slipped.

first solar, safeway and kohl's, we'll delve more into kohl's in just a minute. subsidies getting cut in germany, and safeway on earnings, 8.5% on the down side. >> thanks very much, brian. stay right there. because oil is continuing to climb higher today. closing in on $108 a barrel. we've got that angle covered in the "closing bell" exchange. john is joining us from the nymex. brian is once again still with us on today's big retail earnings. we were speaking earlier, weren't we, on power lynch, john, and we tried to work out, when you look at the price of a power of crude, how much is fundamentals, how much is geopolitics, namely iran, and how much is it speculators driving it higher? >> i think the speculators are feeding off the iran tensions. a few years ago john mccain said bomb, bomb, bomb, bomb iran. the development of the international inspectors leading iran, a bad development. it's taken us to the next level. we're now targeting $110 a barrel. this comes in the face of a weekly inventory report on our own crude oil supplies that showed total product de

major locations like target, sears, sam's club and kohl's seem to be everwhere. which are more popular. it's costco. the discount are was tops in qualities of merchandise both instore and online and won high marks for its electronics, sporting goods and jewelry. costco was one of the 10 major chains to get an outstanding overall rating. kohl's and j.c. penney earned high earning the second and third highest scores. people were especially happy with the value and layout of col's stores and liked target for having an easy to navigate floor plan. honorable mention goes to mace sis. the brick and mortar stores were both walmart and kmart. >>> well, if you're looking for a way to drop some pounds that are kate ared to you, we'll -- catered to you, we'll show you how one system is taylored to your metabolism. >> we're getting closer to opening statements in the trial of the man accused of killing yeardley love. >>> two's a worry, three has trend. five's a crime's spree and seven is a search for crooks. >>> a mom is touch bid your response. we have an update to what we

when kohl's is losing. i'm curious in terms of sears holdings, the ceo made it clea they wanted to separate the earnings issues, short-term earnings issues with liquidity problems, strength of assets and liquidity. >> listening to the conference call, sears has rarely if ever held a conference call. eddie lampart the 61% holder of sears controls the company not on the call. the new ceo leading it with a number of other participants as well. they did go into cost reductions. into unlocking the value of the portfolio as they refer to it. and to jim's point, this rights offering. you see the stock is up sharply. as we've said so many times, melissa, it was a heavily shorted stock although almost impossible to short at this point given how expensive the borrow is if you can even find shares to borrow. but that being said, the rights offering when you have the 61% shareholder who says i'm in, it's going to happen. that's going to raise them another $400 million to $500 million. they're trying to separate liquidi

a different story for competitor kohl's. its stock fell 6% after the company issued a 2012 profit forecast that fell short of estimates. customers are balking at kohl's attempts to pass on higher production costs. it was a similar problem for grocery store operator safeway. it reported a 6% drop in profits as it struggled with rising food and fuel prices, as well as cost-conscious shoppers. safeway shares fell 7.5% to close at $20.95 and there was a lot of interest in sears today. the company reported a fourth quarter loss of $2.4 billion. but it also unveiled a plan to sell 11 stores, as well as a rights offering that could generate half a billion dollars. investors applauded those initiatives, ignored the earnings trouble, and the stock gained almost 19%, closing at $61.80. but some analysts are still guarded on the outlook for sears. >> longer term, i don't know if this company's around in five to seven years. its a bold statement, but i also think its something very common sense. when you are a retailer and you don't inv

departmentt stores - acy's, j-c penney, sears, and kohl's. stores were long lines, lack of sales help, and ouu-of-stock items." items."walmart ot theelowest rating for cuutomer service. and when it comes to finding a bargain, kmart -a store known for its low prices - came up kohl's. overall, costco turned out to be the real standout. pit was the only chain to get an outstanding grade for the overall quality for its merchandiie - be it in stores or online." online.""it's got a wide variety of products." iigot my pharmacy, so i ggt my prescriptions." "you gee everrthing here!" here!"and cossco's website also got kudos for value and how easy it is o navigate. anotter plus a a&"tte costco wwbsite isn't just for members. nonmembers can shop there if they pay an extra five percent of the is a "virtual breeze" nline - - unlike the lines peoplee complained about in costco consumer reports says shoppers parttcularly praised te quality of costco's merchaadise - everything from cosmetics, toothpaste, and shampoo to kitchenware, electronics, and even atc

kohl's, on the other hand, knows who they are. they told us on their call yesterday that they are going to unleash the crack and let their buyers go for the low price right now. given that, i put my money on kohl's rather than on someone like jcpenney. >> we're going to dig a little more into gas prices and retail. i don't think the gas prices are going to have any impact on retail sales. brian, let's talk about treasuries. dow 13,000, why aren't we yielding 2.75%, 3%, 3.5% on the ten-year? >> because the federal reserve is buying every ten-year out there. when you look at the amount of safe assets in the world, it was about 38% in 2007. that's dropped now down to 17%. if you look at aaa and aa, i consider the u.s. aaa. but you can't look at bonds as an obligation of the u.s. government. you have to look at that yield as the price of money. and the federal reserve has said the price of money will stay below 2% for the next two to three years because they want negative real interest rates to spur investment. so anytime the ten-year

and then we have kohl's, j.c. macy's, mayer, sears, sam's club, k-mart and walmart at the bottom. why do people love costco so much? >> costco is a darling. we survey people about their costco experience, whether it's a drugstore, supermarket, people love it. and there's a big reason why. it's value. bang you get for your buck. now look, they're not perfect. service is nonexistent. people complain there are no fitting rooms and product selection is limited. what they do, they do very well. they really give you a lot of bang for the buck. >> you striill have to pay the membership fee. >> quality was impeccable. >> any other surprises or highlights you saw in the top ten? >> you know, j.c. penny is an interesting study. people tell us they go to jcpenney because they like the quality. but they're undergoing a renaissance throughout new ceo, one of the former heads of apple that turned the apple store into a retailing jugger not. i went as part of a separate story kind investigating the new j.c.p. and it's really phe

however, the day's gains were capped by weak retail earnings from the likes of kohl's dill ards and target and sears missed earnings estimates but shares soared 20% on news it will spin off unprofitable stores and sell others. soaring 78% after federal regulators recommended approval of its weight loss drug kunaxa. despite uptick in crude inventories last week oil rose nearly $10 a barrel. overseas today after settling up more than $1.50 thursday. bailed out insurer aig weighed in with a big quarterly profit and sending shares 3% higher after the bell. protecter & gamble cost cutting plans that will eliminate more than 4,000 jobs. apple shareholders were encouraged to hear that the cash flush company is, quote, thinking very deeply about offering dividends this year. >>> it could be the end of 150-year era at niagara falls. the iconic maid of the mist tour boat company has lost its contract to another operator. the maid has a contract on the american side through 2042, but the boats are stored across the border, leaving the company's fate up in the air. >>> coming up, the knicks can't stan

rounding out the top five, we had kohl's, jcpenney, target, and macy's. >>> if you love designer gear and president barack obama, this may be just the thing for you. there is a fund-raiser in new york on tuesday called runway to win. there they plan to sell tote bags, t-shirts and accessories designed by more than two dozen famous designers benefiting the president's reelection campaign. but already "the wall street journal" reports that some are crying foul. for example, a tote bag designed by derek lamb will sell for 75 bucks, not the hundreds of dollars or thousandsle dove regards that his -- dollars that his bags go for. critics say that might violate campaign finance rules. >>> if you're looking for romance, you may not need to look any further than the next cubical. our partners at career build found that 38% of workers say they've dated a co-worker at least once. about a third of those workers say narrow machineses led to marriage -- their romances led to marriage. women were more likely to date someone higher up in the company. one in five people dated the boss which can make

there's a kohl olin no vags net worth that is emerging that is connecting the dots between advanced r d, proet owetyping and ultimately production. i thought it would be interesting if you caulk about that how does that play under this federal system. what are the key areas you need to work. >> certainly, when i came into office a year ago, we recognized there was a whole vacuum of samples to all 64 counters and said shs what do you want in the next 20, 30, 40 years. garment, gives than -- we have ak so he is to capital. and their people want to brand colorado as pro. just my fend and neighbors. but that means that we have to hold tours our highest natural fwas. we may reduce the time for pilg b but, we increase the fine. we make sure that doesn't happen. that bottoms-up plan is what's going to help create the choin, which is taking all the vads colorado school of mines, colorado state university, university of denver, and blending them with -- we have 24 federal laboratories, and usually these all work at least in parallel purposes. we bring them all together with our business school

apparently, limited to some news of retailers of safeway and kohl's. >>> coming up an explosive discovery in the north bay. what deputies found during a routine traffic stop. >> a perk for south bay students gets the axe. why it's going to be harder for locals to get into san jose state. >> cheating death. how a daredevil survived this crazy crash coming up. >> hi, i'm meteorologist lawrence karnow in the cbs 5 weather center. what a gorgeous day around the bay area today! sunshine all the way to the coast. enjoy it. it's about to change. we'll talk about that coming up. ,,,,,,,,,,,,,, rest of his life. last month, 35- yea >>> check this out. it's a devastating crash of a famed base jumper. and he still vows to jump for the rest of his life. look at him. that was last month. a 35-year-old man was barreling into rocks at 120 miles an hour in south africa. he spiraled into the air and hit the bushes. corliss is recovering in the hospital with broken bones throughout his legs. >> wow. >>> deputies seized 49 hand made bombs during a routine traffic stop in sonoma county on tuesday night. he w

now, gap, limited, kohl's, macy's, ross stores, tjx and big lots, all higher. gap shares up more than 9%. one of the leaders of the s&p 500 today. simon. >> thank you very much, courtney. let's get to it then, facebook with the ipo filed, what is now next for that social media giant? it's clear to many that that growth will depend on its relationships with other companies. so who is facebook intending to friend? our julia boorstin is at facebook headquarters in menlo park, california. julia, over to you. >> simon, two of those friends are paramount, music studio and american express. facebook gave them a call out. but would frankly like to friend every major advertiser. facebook success in hinges effectively connect with customers. s-1 mark zuckerberg describes utopia marketing on facebook. doing good that's also good for business. saying "we think a more open and connected world will help create a stronger economy with more authentic businesses that build better products and services." in the s-1 the company lays out how its combination of free facebook pages

and kohl's here behind me another retailer getting hit on dropping q-4 earnings. the outlook for q-1 also short of expectations. it's off by merely 5%. let's get to the trading floors. bob, did i leave anything for you to talk about town there at the nyse? >> there's always stuff to talk about, mandy. two to one advancing to declining stocks. we moved into positive territory in the middle of the morning even as europe stayed down. the u.s. outperforming europe. that's been going on for a while as a lot of people believe the stronger u.s. economy is helping support our markets. certainly that's been going on. europe's been down three days in a row. we're basically on the flat side. take a look at major sectors. i have been talking about some signs of toppiness in the last few days and market indicators. transports have been rolling over as oil moves up. reverse a little today. bank stocks moving sideways in the last two days, they're up today. materials same thing. sideways, they're on the upside today. and finally the home builders which has been the big market mo

. >>> today we'll get earnings reports from target and kohl's.nvestors want to know how well they're competing with walmart and amazon. hewlett-packard's earnings declined. in the first quarter with meg whitman at ceo. the net income fell 44% and revenue slipped. 7%. hewlett-packard is the largest maker of pc's. >>> new signs of improvement in the housing market. home sales were up 4.3% in january and sales have risen nearly 13% over the past six months. the supply of homes on the market are also the lowest level since 2005. >>> and a pile of hundreds of old comic books brought back a king's ransom at an auction wednesday. they sold for $3.5 million. the comics include, the first appearances of batman and superman. the books belong to a virginia man who died in 1994. his great nephew found them when he was cleaning out his house. betty, i'm lucky if i find the match to an old pair of socks. >> if i find a dime. how does that happen? why can't we find something like that? >> i know, right. >> wow. okay. cashing in. ashley morrison here in new york

here's what's on tap for tomorrow: we'll see new claims for jobless benefits from the past week-- from kohl's to target to the gap-- a number of retailers report earnings, and apple meets its shareholders. the company sits on a mountain of cash and shareholders are calling for a dividend. >> tom: that's "nightly business report" for wednesday, february 22. i'm tom hudson. good night everyone, and goodnight to you too, susie. >> susie: good night tom. i'm susie gharib. good night everyone. we hope to see all of you again tomorrow night. "nightly business report" is made possible by: captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org

shoppers said they got better value attcostco and kohl's., costcooturned out to be the real standout. ((take sot))"it was the only chainnto get an outstanddng grade for the overall quality for its merchandise - be it in stores or online."((take sot))"it's got a wide variety of my pharracy, so get my prescriptions." ((take sot)) ((take vo))website also got kudos for value to navigate. anotherrplus a((take sot)) "the costco website isn't just for members. nonmembers can ssop there if they pay an extra five percent of the purchase price." ((take vv)) and checkout is a "virtual breeze" online - unlike the lines people complained bout in costco stores. coming up in our 7 o'clock hour... gas prices are rising... but your bill ddesn'' have to.your next chance to win a 100--ollr than an hour away. ((megan live tease))the debate over legalizing same sex marriage continuus today in the state senate.i'm megan &pgilliland, when we can expect a finnl vote. ((joelllive tease))you're waaching fox 45 morning newws. all local.. all morning. & guilty... of se

kohl. >> aye. >> mrs. feinstein. >> no. >> mr. schumer. aye. >> mr. durbin. >> aye. >> mr. eh >> mr. franken. >> aye. >> mr. koonce. >> aye. >> mr. blumenthal. >> aye. >> mr. grassley. >> aye. >> mr. hatch. >> no by proxy. >> mr. kyl. >> no by proxy. >> mr. sessions. >> no by proxy. >> mr. graham. >> no by proxy. >> mr. cornin. >> aye by proxy. >> mr. lee. >> no by proxy. >> mr. coburn. no by proxy. mr. chairman. >> aye. >> mr. chairman, the votes are 11 ayes seven nays. >> and senator feinstein, thank you for holding back. go ahead. >> thank you, mr. chairman. i have opposed this in the past. i see no reason to change my point of view. let me give you my opinion. the court does not want this. they do not speak out as a whole but justicesbreyer, scalia, rehnquist, kennedy, and alito have opposed it. so five justices oppose this plus the judicial counts of the united states. i don't believe we should tell the supreme court what to do. we are separate branches of government. and i do not believe the justice is better because it's televised. i have seen actual situations where

also raising its guidance, kohl's. shares up more than 2.5%. just last month, it lowered its guidance, but now, it increased it, thanks to growing sales of accessories, handbags and men's wear. the best and worst today was the gap, and abercrombie and fitch. the gap shot up more than 10%. while sales fell, they didn't drop as bad as feared. its earnings outlook improved, as well. but abercrombie and fitch warned its fourth quarter earnings would be disappointing, due to heavy discounting. shares plunged almost 14%. the afterglow of the facebook stock offering news yesterday was on display today in shares of zynga. this is the video game company behind farmville and words with friends, huge games on facebook. shares soared almost 17%. it was among the most actively traded issues on the nasdaq. the stock came public in december at $10, and fell below the offering price until just last week. zynga was responsible for 12% of facebook's revenue last year, indicating its importance to facebook's business model. while we're talking about video games,

that is disastrous news or -- for herb kohl -- for car thousands of workers up and down the country, particularly in my constituency. given the long relationship between india and britain, given the fact that we give many, many times more aid to france -- to them and france ever did, the full force of the government in an attempt to reverse this decision? >> of course, i will do everything i can as i have already to have the indians look at it, because i think it is such a good aircraft. can decisions -- the decision is obviously disappointing. it is the indians are looking at the lowest bid. they have not yet awarded the contract. i will say to my right honorable friend, with the people employed in his constituency, we do not expect any job losses stemming from this decision, and yet we must go on making the case that this is a superb aircraft, and we will try to encourage the indians to take that view. >> thank you, mr. speaker. the prime minister recently said that means testing might be brought in. for pension. was he speaking for the government, and does the prime minister reall

and also john chancellor kohl new project was incomplete and they expected that those who would follow them will complete the project but what do instead we saw is the development of tremendous imbalances between the into the eurozone countries you does not possible to expect the german who will always have a surplus unless of the counters such as greece and portugal have deficits ok and therefore this is how we've created the let me growth pattern let me jump. in here i mean people i mean we just heard that other countries would follow the it would follow the political union thing but people didn't vote for that i find that inherently undemocratic and that giving people a choice ok i mean what happens when they go in the next going comes in in greece are they going to vote against the the this austerity package they are go ahead of course they are and not only in greece we already hear echoes of this and france this is where francois hollande the leading member of the opposition looks likely to win the next presidential race and france is already saying why do we have to have this us

it was germany germany and friends in the names of francois mitterrand and also john chancellor kohl knew that the project was incomplete and the expected result of those who would follow them will complete the project but what that instead we saw is the development of tremendous imbalances between the interim eurozone countries huge is not possible to expect the german who will always have a surplus unless other countries such as greece and portugal have that is it's ok and therefore this is how we've created the let me growth pattern the region being given here i mean people i mean we just heard that other countries would be it would follow that political union thing that people could vote for that i think that inherently undemocratic and that giving people a choice ok i mean what happens and then when the next kerry comes in in greece are they going to vote against the the this austerity package price their bread of course they are and not only and greece we already hear echoes of this and france this is where francois hollande the leading member of the opposition looks likely to

public pressure and so on and therefore it's also a problem for the german because yes so george kohl a german member of parliament saying please don't please don't keep doing this race to the bottom of america because it will it will in fact germany. how do we stop the race to the bottom here that's the key question when we talk about globalization when others talk about globalization too often they forget that around the rest of the world everybody else has better collective bargaining than we do in the united states at least in the developed world and there's a reason in the underdeveloped world to make oreo in their personal south africa now they all have better collective bargaining than we do. i was told that in terms of the race up we need to look around the world and pick a standard of collective bargaining that is a positive one in order for us to raise up one of the exports from the united states is this union intolerance and as class it's a. danger to europe which is why then that the world trade union movement said they need to expect better from deutsche telekom we need t