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  • Penney Co Inc said it is pursuing a potential sale and partial leaseback of its headquarters in Texas to reduce debt and costs. Hedge fund Starboard Value LP urged Macy's Inc last month to enter into joint ventures for its stores, including its flagship Herald Square store in New York, to realize greater value from its real estate assets. CBRE Group Inc's Capital...

  • NEW YORK— J.C. Penney is considering selling and partially leasing back its headquarters to help lower debt and create long-term savings. J.C. Penney Co. has been in the three-story building since 1992.. J.C. Penney shares edged up 8 cents to $7.44 in morning trading Friday.

  • J.C. Penney looking to sell headquarters in Texas Friday, 5 Feb 2016 | 8:10 AM ET

    Feb 5- Department store operator J.C. Penney Co Inc said it is pursuing a potential sale and partial leaseback of its headquarters in Plano, Texas. The move is expected to reduce debt and costs, the company said on Friday.

  • Feb 5- Activist investors are putting the U.S. banking sector in their crosshairs, betting that headwinds whipping through the industry will accelerate consolidation among lenders. Hedge funds such as Ancora Advisors, Clover Partners and Seidman& Associates are buying up stakes in lenders across the U.S., from community banks to large regional lenders.

  • President Barack Obama will launch a long-shot bid next week to impose a $10- a-barrel tax on crude oil that would fund the overhaul of the nation's aging transportation infrastructure, the White House said on Thursday. "By placing a fee on oil, the President's plan creates a clear incentive for private sector innovation to reduce our reliance on oil and at the...

  • Cardtronics misses 4Q profit forecasts Thursday, 4 Feb 2016 | 5:57 PM ET

    HOUSTON _ Cardtronics Inc. on Thursday reported fourth-quarter net income of $14.8 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share. Cardtronics expects full-year earnings in the range of $3 to $3.13 per share, with revenue in the range of $1.24 billion to $1.27 billion.

  • LAGOS, Nigeria— Nigeria's aviation regulatory agency is suspending operation of all Sikorsky model S-76C++ helicopters following two crashes in six months in the West African country, the director general said Thursday. Another Sikorsky nose-dived Aug. 10 into a lagoon in Lagos, the commercial capital, killing six of the 12 people on board including the...

  • HOUSTON, Feb 4- When it split off its Phillips 66 refining arm in 2012, ConocoPhillips said a rich and growing dividend payout would entice investors and set it apart from other exploration and production companies that typically offered lower shareholder returns. So on Thursday, when Conoco said it was slashing its payout for the first time in 25 years due to...

  • Democrats are making support for Flint, a poor city of mostly African Americans and Latinos near Detroit, a wider issue ahead of the November presidential election. Democratic candidates Hillary Clinton and Bernie Sanders are set to hold a presidential debate next month in Flint. Senator Lisa Murkowski, a Republican from Alaska and a co-sponsor of the bill,...

  • A federal jury in East Texas has ordered Apple to pay $625.6 million after finding that Apple services like FaceTime and iMessage infringed on technology patents held by Nevada patent-holding company VirnetX. VirnetX had previously won a $368 million verdict against Apple on similar claims in 2012. While an attorney for VirnetX praised the verdict, Apple...

  • Valero Energy Partners tops Street 4Q forecasts Thursday, 4 Feb 2016 | 8:29 AM ET

    SANANTONIO, Texas _ Valero Energy Partners LP on Thursday reported fourth-quarter profit of $44.7 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share. Valero Energy Partners shares have decreased 15 percent since the beginning of the year.

  • Occidental reports 4Q loss Thursday, 4 Feb 2016 | 7:33 AM ET

    HOUSTON _ Occidental Petroleum Corp. on Thursday reported a loss of $5.18 billion in its fourth quarter. On a per-share basis, the Houston- based company said it had a loss of $6.78. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share.

  • LONDON, Feb 4- The number of people employed in oil and gas extraction and support activities across the United States has fallen by around 100,000 since October 2014. Between October 2014 and November 2015, the number of people on the payroll of oil and gas extraction firms and support services fell by almost 87,000, according to the U.S. Bureau of Labor...

  • HOUSTON— ConocoPhillips posted a wider-than-expected loss in the fourth quarter and slashed its quarterly dividend by 66 percent as oil prices continue to drop. ConocoPhillips said it is lowering its dividend to 25 cents per share from 74 cents per share. ConocoPhillips lost $3.45 billion, or $2.78 per share, for the quarter.

  • Sally Beauty beats Street 1Q forecasts Thursday, 4 Feb 2016 | 7:01 AM ET

    DENTON, Texas _ Sally Beauty Holdings Inc. on Thursday reported fiscal first-quarter net income of $42.2 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share. Sally Beauty shares have dropped 4.5 percent since the beginning of the year.

  • Patterson-UTI reports 4Q loss Thursday, 4 Feb 2016 | 6:35 AM ET

    HOUSTON _ Patterson-UTI Energy Inc. on Thursday reported a fourth-quarter loss of $58.7 million, after reporting a profit in the same period a year earlier. The average estimate of 15 analysts surveyed by Zacks Investment Research was for a loss of 48 cents per share. Eleven analysts surveyed by Zacks expected $323.1 million.

  • Harte-Hanks posts 4Q profit Thursday, 4 Feb 2016 | 6:21 AM ET

    SAN ANTONIO _ Harte-Hanks Inc. on Thursday reported fourth-quarter net income of $2.5 million. The San Antonio- based company said it had net income of 4 cents per share. For the year, the company reported a loss of $170.9 million, or $2.77 per share, swinging to a loss in the period.

  • The craftsmen of Murano, an island near Venice, didn't have such technology, yet they still turned out museum-worthy pieces known for their artistry and beauty, using techniques that remained exclusive for centuries. Through years of researching Venetian glass collections at American and European museums and comparing the artifacts with more...

  • COLUMBUS, Ohio— The Columbus airport is joining its counterparts nationwide in training employees to recognize signs of human trafficking in an effort to curb exploitation. Beginning this month, all 400 employees at Port Columbus International Airport will view a 30- minute video on spotting signs of trafficking. The awareness campaign in Columbus joins...

  • Once-stalled border bridge dedicated near El Paso Thursday, 4 Feb 2016 | 1:05 AM ET

    TORNILLO, Texas— An international bridge over the Rio Grande near El Paso opened for the first time Thursday after years of construction delays, giving officials hope it would be a boon for Texas- Mexico border commerce. In remarks, Pena Nieto noted incendiary remarks by some U.S. conservatives about security along the U.S.- Mexico border. Homeland Security...