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Stock Market & Financial Investment News

News Breaks
July 13, 2014
15:18 EDTHSNI, JCPJ.C. Penney CEO successor search faces setback, WSJ says
It appears that J.C. Penney (JCP) is not having an easy time of identifying a successor for current CEO Myron Ullman, says the Wall Street Journal. According to the WSJ report, Mindy Grossman, CEO of HSN (HSNI), who is considered the lead candidate for Ullman's position, had been in talks with J.C. Penney but could not agree on terms and negotiations broke down moths ago. Reference Link
News For JCP;HSNI From The Last 14 Days
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January 21, 2015
12:12 EDTJCPBest Buy, home retailers seen getting biggest bump from Sears demise
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January 20, 2015
08:12 EDTHSNISequential Brands announces new retail partnership with HSN for Franklin Mint
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06:22 EDTJCPJ.C. Penney to bring back 120-page catalog, WSJ reports
J.C. Penney has decided to resurrect its catalog in the form of a 120-page book that will mark the first catalog the chain has sent out since 2010, The Wall Street Journal reports. The retailer, which quit the catalog amid a broader pullback caused by the recession and the rise of e-commerce, now believes the catalog can help drive web sales. Reference Link
January 13, 2015
10:17 EDTJCPOptions with decreasing implied volatility
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06:24 EDTHSNIHSN, Inc. price target raised to $90 from $72 at Citigroup
Citigroup raised its price target for HSN, Inc. shares to $90 saying a special dividend is possible while the company has the potential to "materially raise" its dividend. Citi also upped its price target for Liberty Interactive (QVCA) shares to $34.50 from $28.77. The firm keeps a Buy rating on both names.

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