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Business News
US stocks slump as banks and technology companies fall
NEW YORK (AP) -- U.S. stocks are falling Friday morning as investors again look for safer places to put their money. Business technology company Hewlett Packard Enterprises is falling after it announced weak sales. Bond prices are dropping and yields rising. That's sending interest rates lower, which hurts banks. Industrial companies are also down, while high-dividend stocks are rising....
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US new-home sales rise in sign of housing market health
WASHINGTON (AP) -- Americans bought more new homes in January after a steep fall-off the previous month, a sign the housing market is healthy despite higher mortgage rates....
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Markets Right Now: Stocks open lower on Wall Street
NEW YORK (AP) -- The latest on developments in financial markets (All times local):...
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J.C. Penney to close 13 to 14 percent of stores
NEW YORK (AP) -- J.C. Penney says it will be closing anywhere from 130 to 140 stores as well as two distribution centers over the next several months as it aims to improve profitability in the era of online shopping....
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J.C. Penney beats 4Q profit forecasts
PLANO, Texas (AP) -- J.C. Penney Co. on Friday reported fiscal fourth-quarter net income of $192 million, after reporting a loss in the same period a year earlier....
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