Investment News – J.C. Penney, United States, Mark Cuban, Jeff Macke, J.C. Penney Board Said To Consider Sale Later This Year; Wall Street Bull Slashes Outlook
J.C. Penney’s board is reportedly mulling a sale or firing new CEO Ron Johnson if the plunge in sales doesn’t turnaround, casting fresh gloom on the company.
US stock market isn’t the only one racing ahead
U.S. stocks are not alone in racing ahead this year. Many markets in Europe and Asia are trading at multi-year highs, too, in part because of Wall Street’s rally.The advances in some places have been surprising, …
Judge won’t dismiss insider-trading suit against Mark Cuban
The court schedules a June trial for the tech mogul, and Dallas Mavericks’s owner, accused of using confidential information. [Read more]
Dow Hits All-Time High: What?s Next for Lofty Stock Market?
In the face of great skepticism and a laundry list of reasons why it shouldn’t be happening, the Dow Jones Industrial Average burst higher in early trading today, eclipsing the previous closing high of 14,164 set on October 9, 2007.