Michael Dell and investment firm Silver Lake Partners have completed their $24.9 billion buyout of Dell Inc. The computer company said Tuesday that its shares will stop trading at the end of the day, closing its quarter-century run as a public company.
JCPenney, the struggling retailer that is trying to reassure the market about its financial stability, expects to raise about $810.6 million via a public stock offering.
J.C. Penney Co. plans to sell up to 96.6 million shares of common stock in a public offering, the latest indication the chain is looking to shore up its cash reserves.
Irving-based smart phone company Blackberry has agreed to sell.
Microsoft’s stock is taking a hit after the software giant behind Windows, the Xbox and Surface tablets reported disappointing results for the latest quarter.
Stocks are moving sharply higher on Wall Street after lawmakers reached a last-minute budget agreement to avert sweeping tax increases and cuts to government spending programs.
J.C. Penney Co. executives may be confident in the department-store chain’s everyday pricing strategy, but investors are panicking. The Plano-based company’s stock fell nearly 11 percent on Monday.
J.C. Penney Co. reported a bigger-than-expected loss in the third quarter on plummeting sales as customers continue to reject its move get rid of blockbuster sales in favor of everyday low pricing.
J.C. Penney & Co.’s stock is one of the market’s biggest decliners Thursday after the department store chain said that it expects its financial struggles to continue during the second half of the year.
One closely watched stock, Facebook, fell again Tuesday to just over half its initial public offer price. After rising on Monday, the social network’s stock dipped 85 cents, closing at $19.16.
JCPenney’s shares are tumbling a day after the company announced the departure of Michael Francis, a top executive brought in last October to help redefine the store’s brand.
The shares will stop trading before the opening bell next Thursday. The delisting includes AMR common stock and some company-issued notes.