Yahoo! Finance News – S&P 500, Dell Inc, J.C. Penney Co Inc, Syria, Stock Futures Rise Ahead of UMich, Leading Indicators Data
Stock index futures rose on Friday, indicating the S&P 500 will rebound from its worst decline in nearly three weeks, keeping the index on track for its fourth straight weekly advance ahead of data on consumer sentiment.
Dell’s Profit Dives as Billionaire Battle Rages On
Dell Inc, the subject of a takeover battle between activist investor Carl Icahn and the company’s billionaire founder, Michael Dell, reported a 79 percent slide in profit as personal computer sales continue to shrink.
Penney CEO Says Company Needs Time to Climb Out of ‘Abyss’
J.C. Penney Co Inc Chief Executive Myron Ullman told Wall Street that the department store chain is emerging from what he called an abyss but warned he needs time to fix the issues of the retailer.
Russia Raises Stakes in Syria
Russia has sent a dozen or more warships to patrol waters near its naval base in Syria, a buildup that U.S. and European officials see as a newly aggressive stance meant partly to warn the West and Israel not to intervene in Syria’s bloody civil war.