Prudential Insurance will take over J.C. Penny's administration and benefit payments to retirees to cut its pension obligation.» Read More
After lousy earnings sent JCPenney shares plunging on Wednesday, top hedge fund manager Whitney Tilson tells us, he hit the buy button.
J.C. Penney’s stock will likely stay in a range of $25 to $30 in the near term, said one analyst, who warned investors against expecting any miraculous recovery in the company’s shares soon.
JC Penney is reporting its worst percentage drop in 24 years, with CNBC's Brian Sullivan and Amanda Drury. Jan Rogers Kniffen, J. Rogers Kniffen Worldwide Enterprises founder, discusses re-invigorating the customer to turn the stock around.
JC Penney is seeing its worst drop in 24 years on disappointing Q1 earnings. Whitney Tilson, T2 Partners managing partner, makes his case for buying into the company.
Shares of JC Penney getting hammered this morning after missing on both the top and bottom line and suspending its dividend. Charles Grom, Deutsche Bank senior retail analyst, discusses his thoughts on CEO Ron Johnson, his $38 price target on the stock, and the outlook on Target.
April housing starts, at 717,000, hit their highest level since October 2008. But don't kid yourself: the market is still on notice. Any headline could reverse things...quickly, says CNBC's Bob Pisani.
Take a look at some of Wednesday's morning movers: DE, TGT, AAPL, ANF, JCP & More
Just when you thought JCPenney expectations might be low enough? Nope. Not even close.Turns out the American consumer is addicted to a deal.
Facebook increases its offering size, JC Penny doubles its loss, Greek banks see increased withdrawals, GM pulls Facebook ads, 13F disclosures reveal the moves large investors are making, Blackberry users are the unhappiest cellphone users.
With Europe’s latest crisis keeping markets on edge, investors are hoping to find clues as to what might tip the Fed towards more easing in Wednesday’s release of Fed meeting minutes.
After JCPenney released results that were even worse than the Street expected, top trader Guy Adami said get ready to hit the buy button - but not until the end of the week.
Stocks faded in the final hour of trading Tuesday to finish lower following news that Greek depositors withdrew 700 million euros from the nation's banking system and after Greece's leaders failed to agree on a coalition government.
Check out which companies are making headlines after-the-bell Tuesday:
JCPenney was hit with a double whammy today: not only were earnings a huge disappointment after the close, but their competitors are gaining on them.
JCPenney reports a loss of $0.25 versus an estimate of $0.11 in Q1's earnings. Paul Swinand, Morningstar analyst and David Abella, Rochdale Investment Management, offer insight.
CNBC's Courtney Reagan reports on the details of JCPenney's big miss on the top and bottom of its earnings, and the company's plans to discontinue its quarterly dividend.
Ahead of JCPenney earnings, which will be released Tuesday after the bell, top Citi analyst Deborah Weinswig has words of caution for anyone who's short.
Take a look at some of Tuesday's midday movers:
The euro dropped, along with European stocks and U.S. futures, around 9 a.m. ET as Greek leaders announced they had failed to agree on a new government and there would be new elections.
US stock index futures erased their gains to turn negative Tuesday after Greek party leaders failed to agree on a coalition government, trumping earlier euphoria over a batch of better-than-expected economic news.