Penney overhauls pricing, stores in major makeover

Filed under Finance headlines 3 months ago

J.C. Penney Co Inc is changing everything from its pricing strategy and store layout to its exclusive merchandise lines as the department store chain seeks to jettison the wide margin-sapping discounts......

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Here’s The Question That Could Lead To Scotland Leaving The UK

Filed under Finance headlines 3 months ago

"Do you agree that Scotland should be an independent country?" This is the question Scotland's First Minister Alex Salmond intends to ask voters in a referendum on Scottish independence in 2014, the BBC reports.  But this isn't the end of the power struggle between the UK and Scottish......

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‘Transparent’ Fed Leaves Investors With More Questions Than Answers

Filed under Finance headlines 3 months ago

Matt Nesto and Aaron Task tackle the key question in this new transparent Fed: Do they know something we......

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Geithner: Obama Wouldn’t Ask Me to Stay for Second Term

Filed under Finance headlines 3 months ago

Treasury Secretary Timothy F. Geithner said he doesn't expect President Barack Obama to ask him to stay in office if he's re-elected, and he dismissed Wall Street's concerns about financial......

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Chalco Premium Swells as U.S. Rates Boost Index: China Overnight

Filed under Asia headlines 3 months ago

Chinese stocks in the U.S. rose, pushing Aluminum Corp of China to its biggest premium versus Hong Kong in a month, on speculation U.S. plans to leave interest rates low for longer will spur China to bolster its economy by loosening credit......

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Google’s Superphone Delivers Ultimate Android: Rich Jaroslovsky

Filed under Asia headlines 3 months ago

For the last couple of years, Google has reserved the “Nexus” label for smartphones that provide the purest experience of its Android operating system. Meanwhile, Samsung has used the “Galaxy” brand on its top-of- the-line mobile......

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Listen to What Innovators Don’t Talk About

Filed under Finance headlines 3 months ago

While working away on my laptop at a hotel breakfast, I couldn't help but overhear the four gentlemen pouring......

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Bernanke says Fed pondering further stimulus

Filed under Finance headlines 3 months ago

WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Wednesday the central bank was ready to offer the economy additional stimulus after it announced interest rates would likely remain near zero until at least late 2014.......

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Fed Outlook Good for Stocks, but What About Economy?

Filed under Finance headlines 3 months ago

The Fed's forecast that rates could stay low for another three years provides juice for risk assets like stocks, but signals more worries for the......

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Netflix Beats Revenue Estimates and Adds Customers; Shares Surge

Filed under Finance headlines 3 months ago

The video renter's fourth-quarter revenue outpaced Wall Street's expectations as the company reversed subscriber losses. Netflix signed up more than 600,000 new U.S. customers in the......

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Stocks jump after Fed’s low-rate pledge

Filed under Finance headlines 3 months ago

U.S. stocks shaved early losses and turned higher Wednesday afternoon after the Federal Reserve said it plans to keep interest rates near historic lows through late......

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Obama saw window of opportunity to free hostages

Filed under Finance headlines 3 months ago

WASHINGTON (Reuters) - When President Barack Obama mysteriously congratulated his defense chief while making his way through the crowd awaiting the State of the Union address Tuesday night, the secret hostage rescue mission in Somalia was still being wrapped up.......

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STOCKS SURGE AND THE FED SEES LOW INTEREST RATES FOR YEARS: Here’s What You Need To Know (DIA, SPY, QQQ, AAPL, LCC, DAL, ILMN, DXY)

Filed under Finance headlines 3 months ago

We got monster earnings from Apple.  We also got introduced to the Fed's new communications policy.  Today was a big day for charts. First, the scoreboard: Dow: 12,761.8, +86.1, +0.7%S&P 500: 1,327.0, +12.3, +0.9%NASDAQ: 2,820.2, +32.8, +1.2% And now, the top stories:There was some......

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Daiichi Chuo Targets U.S. Coal Export Boom, Shares Surge

Filed under Asia headlines 3 months ago

Daiichi Chuo Kisen Kaisha, a Tokyo- based shipping line, said it’s targeting a boom in coal exports from the U.S. as shale gas production frees up the fuel for sales overseas. The shares jumped the most in three......

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Sawakami Sees Nikkei at 16,000 as U.S.-Sized Savings Buoy Stocks

Filed under Asia headlines 3 months ago

The Nikkei 225 Stock Average may almost double this year as the Japanese return to equities seeking higher returns on $19 trillion in household savings, according to Atsuto Sawakami, chairman of the country’s largest independent mutual......

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Hedge fund Greenlight fined for market abuse

Filed under Finance headlines 3 months ago

LONDON/NEW YORK (Reuters) - U.S. hedge fund Greenlight Capital and its high-profile owner David Einhorn were fined 7.2 million pounds by Britain's financial regulator, after the manager used inside information to sell shares in a UK pub company before a fall in the price.......

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