Shares of beleaguered retailer J.C. Penney are up more than 6 percent in aftermarket trading on Thursday after billionaire financier George Soros disclosed a 7.9 percent stake in the company.
Apple shares are plunging after the company reported quarterly results that point to growth slowing after five blowout years.
JC Penney took a different approach to Black Friday than other major retailers like Target, Wal-Mart and Toys ‘R’ Us, which opened Thanksgiving evening.
About 60 Apple fans were already waiting in line outside Dallas’ Apple store on Knox Street at 8 p.m., the night before the iPhone 5 is set to be released.
On Monday, Apple’s surging stock propelled the company’s value to $624 billion, the world’s highest, ever.
General Motors Co. says it will acquire the Irving based auto financing company AmeriCredit Corp. so it can increase leasing and make more loans to buyers with low credit scores.
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