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Stock Market & Financial Investment News

News Breaks
September 19, 2012
09:27 EDTJCP, DISJ.C. Penney to get Disney shops next fall, WWD says
Disney (DIS) will be among the J.C. Penney (JCP) partners that will feature "shop within a shop" boutiques in the retailer, according to Women's Wear Daily. 520 or more JCP stores will open Disney children's shops by next fall, the report said. Reference Link
News For JCP;DIS From The Last 14 Days
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May 24, 2013
06:10 EDTDISOn the Fly: Periodicals Wrap-Up
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May 23, 2013
14:58 EDTJCPJ.C. Penney May volatility at eight-month lows
J.C. Penney overall option implied volatility of 52 is below its 26-week average of 62 according to Track Data, suggesting decreasing price movement.
May 22, 2013
16:12 EDTJCPJ.C. Penney enters into new $2.25B credit facility
J. C. Penney Company announced that its wholly owned subsidiary, J. C. Penney Corporation, has entered into a new five-year $2.25B senior secured term loan credit facility. The size of the facility was increased from the $1.75B anticipated in the commitment letter the company announced on April 29.
May 21, 2013
12:58 EDTDISDisney's ESPN cuts less than 6% of workforce, Bloomberg reports
Disney's (DIS) ESPN unit laid off less than 400 workers today as part of a companywide cost-cutting effort, Bloomberg reports, citing a person with knowledge of the situation. The cuts amount to less than 6% of ESPN’s 7,000 employees, the report adds. Reference Link
08:56 EDTJCPJ.C. Penney announces successful tender, consent solicitation for debentures
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May 20, 2013
10:23 EDTJCPJ.C. Penney advances after analyst hikes price target to $27
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10:11 EDTJCPOn The Fly: Analyst Upgrade Summary
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08:16 EDTJCPFollow-up: J.C. Penney upgraded to Buy from Hold at Maxim
Maxim upgraded J.C. Penney on expectations the company's strategy changes under new CEO Mike Ullman will drive traffic. The firm said its recent channel checks indicate that store traffic has increased and it raised its price target for shares to $27 from $16.50.
08:03 EDTJCPJ.C. Penney upgraded to Buy from Hold at Maxim
07:30 EDTJCPJ.C. Penney price target lowered to $7 from $12 at BMO Capital
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May 19, 2013
16:41 EDTDISViacom's 'Into Darkness' tops Disney's “Iron Man 3” at box office, WSJ says
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May 17, 2013
15:51 EDTDISDirecTV weighing bid for Hulu, WSJ reports
DirecTV (DTV) is considering making a bid for Hulu, the video website jointly owned by News Corp. (NWSA), Comcast (CMCSA), and Disney (DIS), reports The Wall Street Journal citing a person familiar with the matter. Reference Link
15:26 EDTDISDirecTV considering acquisition of Hulu, Dow Jones reports
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10:55 EDTJCPJ.C. Penney drops after results miss expectations
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09:48 EDTJCPJ.C. Penney falls after earnings miss, levels to watch
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08:35 EDTJCPJ.C. Penney reiterated as a Sell at Northcoast
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07:47 EDTJCPJ.C. Penney situation should only improve from here, says RW Baird
Baird believes there are several reasons why J.C. Penney's situation should only improve from here including better recent trends, prudent pricing and promotion, easy comps, and the re-introduction of in-demand product for fall. Baird maintains its Neutral rating and $19 price target pending further details on the company's new strategy.
07:11 EDTJCPJ.C. Penney CEO says needs time to fix problems, Reuters reports
J.C. Penney CEO Ullman says that the department store chain is emerging from what he called an abyss but warned he needs time to fix the issues of the retailer, reports Reuters.Reference Link
06:28 EDTJCPJ.C. Penney CEO likely to make substantial progress, says Deutsche Bank
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06:23 EDTDISDisney downgraded to Neutral from Overweight at Atlantic Equities
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