JC Penney Dumps Merchandising Head Before Holidays
J.C. Penney announced Wednesday morning that it has promoted John Tighe to executive vice president and chief merchant, replacing Elizabeth Sweeney.
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Paul Ausick
China Places Order for 300 Boeing Jets
In a brief statement published Tuesday, Chinese news agency Xinhua said that a "group of Chinese companies" has signed an agreement to buy 300 Boeing aircraft.
Mortgage Loan Rates Drop, Boosting Applications for New Loans
The latest Mortgage Bankers Association report on mortgage applications noted a week-over-week increase of about 14% in its seasonally adjusted composite index for the week ending September 18.
The 52-Week Low Club for Tuesday
ThinkstockSeptember 22, 2015: Here are four stocks trading with heavy volume among 273 equities making new 52-week lows today. Petroleo Brasileiro SA (NYSE: PBR) dropped about 7.4% on Tuesday to post a new 52-week…
The 4 Stocks That Sank the DJIA on Tuesday
thinkstockSeptember 22, 2015: Markets opened lower on Tuesday following a down day in Europe which was mostly due to weakness in London’s basic materials sector and Germany’s auto sector. U.S. WTI settled at $45.83…
What the Petrobras Gas Distribution Sale Really Means
Wikimedia CommonsBrazil’s state-controlled energy company, Petroleo Brasileiro SA (NYSE: PBR), commonly known as Petrobras, said on Tuesday that it is close to selling a 49% stake in its natural gas distribution assets to a…
Amazon Prime for $67: One Day Only
In what the company calls a celebration of its Emmy-award winning TV series, Transparent, Amazon.com is offering a one-year membership in Amazon Prime for $67.
How Bentley Could Shake Up the Luxury SUV Market
At this year’s Frankfurt Motor Show, which opened to the public on Saturday, one of the big stories was the introduction of a super-luxury SUV from Bentley.
FHFA Home Price Index Rises 0.6% in July
The Federal Housing Finance Agency reported Tuesday morning that U.S. home prices rose more in July than in June.
Weatherford Cancels Proposed New Offerings
Weatherford International said Monday evening that it has chosen not to offer more shares after all.
Ashland to Split Off Valvoline Business Into New Company
Ashland plans to separate its specialty chemicals business into a new company, still called Ashland, and a new lubricant company named after its top brand, Valvoline.
Is the $7.3 Billion Volkswagen Cheating Fund Big Enough?
Volkswagen said that it plans to set aside some €6.5 billion (about $7.3 billion) to "cover the necessary service measures and other efforts to win back the trust of our customers."
ConAgra Earnings Solid, Even Though Top Line Falls Short
ConAgra Foods reported mixed first-quarter fiscal 2016 results before markets opened Tuesday morning.
The 52-Week Low Club for Monday
ThinkstockSeptember 21, 2015: Here are four stocks trading with heavy volume among 115 equities making new 52-week lows today. Petroleo Brasileiro SA (NYSE: PBR) dropped about 3.1% on Monday to post a new 52-week…
The 4 Stocks That Boosted the Dow on Monday
thinkstockSeptember 21, 2015: Markets opened higher on Monday, but weakness in the biotech sector pulled the Nasdaq Composite into the red for most of the afternoon. Democratic presidential candidate Hillary Clinton said she will…
Macy’s to Hire 85,000 Workers for Holiday Season
Macy's said Monday that the company plans to hire about 85,000 seasonal employees this year.
Gasoline Prices Average Below $2 in 5 States
In five states the average price is solidly below $2 a gallon, but in three other states the price remains above $3 a gallon.
Are Ford Incentives on the F-150 Too High?
Citi Research analysts noted that incentives on the F-150 have risen sharply while competitor incentives have been dropping, leading them to wonder if demand for the truck is as strong as Ford claims.
Volkswagen Stops Selling Diesel Cars in US; Could Cost 15% of Sales
Volkswagen said that it would stop selling some diesel vehicles in the United States, including the models that were found by the EPA to have cheated on the emissions tests.
August Sales of Existing Homes Dip, Even With Lower Prices
Existing home sales have increased on a year-over-year basis for 11 consecutive months and are now more than 6% higher than in August 2014.