Investment News – Mike Santoli, J.C. Penney, United States, Mark Cuban, With Dow Industrials at Record Highs, When Will Gravity Take Hold?
Four years and 7,800 points ago, the Dow Jones Industrials were on the run and looking for cover. Fast forward to the present, and we are wiping the champagne from our eyes and toasting an all-time high for the very same index.
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]