Ackman

Dow Rallies on Tech Stocks. Next Stop 12,000?

Stocks closed sharply higher Monday with the Dow Jones posting a triple-digit gain as technology stocks rallied after Intel raised its dividend and expanded its share repurchase program by $10 billion. The index last saw 12,000 in June 2008 -- on the way down.

J.C. Penney Shares Surge on Ackman News

Shares of J.C. Penney have surged as much as 16.8% since activist investor Bill Ackman%u2019s Pershing Square Capital Management disclosed Thursday that it had purchased a 16.5% stake in the struggling retailer.