J.C. Penney holiday-quarter adjusted profit misses estimates

Department store chain J.C. Penney Co Inc (JCP.N) reported a lower-than-expected quarterly adjusted profit as it discounted more during the holiday season and invested in store expansions.


Nasdaq resumes climb; S&P 500, Dow fall with energy

The Nasdaq resumed its recent advance on Thursday after deal news in the technology sector, while the Dow and S&P 500 dipped as energy shares sank with oil prices.

Lower gasoline prices dampen U.S. consumer inflation

U.S. consumer prices fell over the past year for the first time since 2009 as gasoline prices continued to tumble, which could allow a cautious Federal Reserve more room to hold off on raising interest rates.

Weak spending to show Japan consumers unconvinced by Bank of Japan's stimulus

Japanese households cut spending further and retail sales fell for the first time in seven months in January, data on Friday is likely to show, a sign the central bank's radical stimulus has yet to convince consumers that inflation will take hold.


Latest News

U.S. regulators are poised to impose the toughest rules yet on Internet service providers, aiming to ensure fair treatment of all web traffic through their networks.
Standard Chartered (STAN.L) said former JPMorgan (JPM.N) investment bank boss Bill Winters will take over as chief executive in June to replace Peter Sands, after investors demanded change at the helm following two years of problems.
Global equities set a new record high and bond yields sank to fresh lows on Thursday as investors positioned for an extended era of cheap money ahead of the European Central Bank's looming bond-buying scheme.
Toyota Motor Corp (7203.T) said on Wednesday it was "impossible" to meet union demands for a 13,300 yen ($112) monthly pay rise, as the automaker concluded the first day of labor talks widely considered crucial for Japan's economic recovery.
Malaysia's AirAsia X Bhd (AIRX.KL) will cut flights on unprofitable routes, reorganize staff and defer some aircraft deliveries to turn around the loss-making long-haul budget carrier, the airline's acting chief executive said on Wednesday.
The head of Dubai's Emirates has hit back at U.S. airlines in an increasingly bitter subsidy spat and urged Washington to block their calls to renegotiate Open Skies agreements.
Viacom Inc's Nickelodeon unveiled on Wednesday a paid streaming service for children called Noggin that will launch on March 5 for $5.99 a month.
Sky Sports has agreed to a four-year deal to broadcast live Major League Soccer, the British broadcaster and North American league said on Wednesday.
Google Inc launched an initiative on Wednesday to make smartphones running its Android software more appealing to corporations, a move that could help extend the Internet company's reach into workplaces.
The International Monetary Fund on Wednesday said it was ready to assist Ukraine with its foreign currency issues, amid a steep fall in the country's hryvnia currency.