U.S. stocks took it on the chin for a third session in a row on Monday, after an attempted bounce-back lost steam, leaving the Standard & Poor’s 500 Index in a correction.
The CEO of American Airlines received compensation valued at $12.3 million last year and will stop drawing a salary and instead be paid entirely in company stock.
General Motors Co. says it has completed the planned $3.9 billion purchase of 156.1 million shares of preferred stock.
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.