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%.
Dell reported a 79 percent slide in profit in the first quarter as personal computer sales continued to shrink.
Billionaire Carl Icahn has nominated himself and a slate of 11 others as directors at Dell. Icahn is leading an effort to block chairman Michael Dell from taking Dell private.
Dell's largest independent shareholder has teamed with activist investor Carl Icahn in another challenge to founder Michael Dell's $24.4 billion bid to take company private.