J.C. Penney's Latest Earnings Confirm Grim Warning by DailyFinance Staff May 17th 2013 9:00AM J.C. Penney had said its quarterly results would be weak. They were, and then some. The retailer posted a loss more than double the deficit of last year, and sales fell 16%.
Obama Picks OMB Chief to Run Embattled IRS by The Associated Press May 17th 2013 6:46AM President Obama picked a senior White House budget expert Thursday to become the acting head of the IRS, the same day another top official announced plans to leave the agency.
Dell Profit Dives as PC Sales Slide by Reuters May 17th 2013 6:12AM Dell reported a 79 percent slide in profit in the first quarter as personal computer sales continued to shrink.
J.C. Penney Posts Huge 1Q Loss by The Associated Press May 16th 2013 5:05PM J.C. Penney reports a first-quarter big loss on a 16 percent revenue plunge as the chain continues to reel from the turnaround plan implemented by former CEO Ron Johnson.
Wall Street Sags After Fed Comments, But Cisco Surges by Reuters May 16th 2013 4:55PM U.S. stocks fell on Thursday, with the downturn accelerating after a Federal Reserve official said the central bank could begin easing up on its monetary stimulus this summer.
CEO Pay Rises Modestly, Still Dwarfs Workers' by DailyFinance Staff May 16th 2013 12:10PM A survey of major companies says CEO pay rose just 3.6% from the year before, not all that much different than the 2.3% pay hike given to the average worker. And yet...
S&P Downgrades Berkshire Hathaway Rating by The Associated Press May 16th 2013 10:00AM Standard & Poor's cut a major rating for Warren Buffett's Berkshire Hathaway, saying the move better reflects the company's dependence on its core insurance operations.
