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Jc Penney Sinks 27 Percent On Forecast Cut Fashion Falls Flat

– J.C. Penney Co Inc (JCP.N) shares sank below $2 for the first time on Thursday after it said it had alienated core middle-aged customers while chasing millennial...

Jc Penney Shares Dive 25 Percent On Forecast Cut Weak Results

– Shares of U.S. retail chain J.C. Penney Co Inc (JCP.N) sank below $2 for the first time on Thursday after it forecast a wider-than-expected full-year loss and...

China Evergrande Invests In Project To Build Worlds Fastest Supercomputer

HONG KONG – Property developer China Evergrande Group on Thursday said it will invest 1.65 billion yuan ($239.53 million) into six high-tech projects by the...

Lula Registers For Brazil Race From Jail As Thousands Rally

BRASILIA – Brazil’s Workers Party registered jailed former president Luiz Inacio Lula da Silva on Wednesday as its presidential candidate while he sat in...

Regulatory Limbo Hits Tencent With First Profit Fall In Nearly 13 Years

HONG KONG – Chinese technology giant Tencent Holdings Ltd has “no clarity” on when it may get approval to start charging for its most popular game, it...

Us Retail Sales Manufacturing Data Bolster Third-quarter Economic Outlook

WASHINGTON – U.S. retail sales rose more than expected in July as households boosted purchases of motor vehicles and clothing, suggesting the economy remained...

Us Retail Sales Rise Solidly Productivity Accelerates

WASHINGTON – U.S. retail sales rose more than expected in July as households boosted purchases of motor vehicles and clothing, suggesting the economy remained...

Express Scripts Staking Out Million-dollar Gene Therapies

– Express Scripts Holding Co (ESRX.O) built a multi-billion enterprise pressuring drug companies to lower their prices for U.S. patients. Now it is quietly...

Saudi Fund May Only Play Minor Part In Musks 72 Billion Tesla Plan Bankers

RIYADH – Elon Musk told investors this week that “obviously, the Saudi sovereign fund has more than enough capital needed” to finance taking Tesla...

Mekong River Body Welcomes Laos Decision To Suspend New Dam Projects

BANGKOK – The Mekong River Commission welcomed on Wednesday a decision by the Laos government to suspend approval of new dams while reviewing all dams currently...