Last Wednesday, J.C. Penney shares plunged nearly 20 percent—the worst decline ever for the retailer’s stock. The very same day, Bill Ackman, founder of Pershing Square Capital Management, gave a spirited defense of the company at the Ira Sohn conference. Read More
In the first quarter, Apple stock was surging. Since then, shares have dropped 16 percent — giving up over $100 a share and now trailing Google by nearly that amount. Read More
Markets get spooked by Greece, David Einhorn steals the show at the Ira Sohn Conference, JC Penny has its worst day ever, as IPO looms questions linger surrounding Facebook. Read More
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. Read More
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. Read 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. Read More
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. Read More