J.C. Penney Company, Inc. (NYSE:JCP) is getting smoked today. The stock is trading at $14.21, -1.66 (-10.46%) after hitting a new 52 week low at $13.90 earlier. This massive decline is coming on the back of the company getting rid of CEO Ron Johnson. While this was initially cheered, the replacement caused fresh horror. The new CEO of J.C. Penney is Myron Ullman. He was the CEO prior to Ron Johnson. ....
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Mastercard Incorporated (NYSE:MA) announced its participation in the following investor conferences. On Tuesday, November 8, Tim Murphy, chief product officer, will present at the Wells Fargo Technology, Media & Telcom Conference in New York. The discussion will begin at 11:40 a.m. Eastern Time and last for approximately 30 minutes.
Always, every time and without exception, the general media has predicted the end of the financial world, financial experts have pointed out the remarkable differences from the last correction, and investors everywhere have been encouraged to take their losses and sit on cash or gold until the smoke clears. Every time, the short sighted fear mongers have been wrong.
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Many traders and investors are wondering if the the current European Union debt crisis is now the next Lehman Brothers type event for the global markets. Last week, the highly followed Dow Jones Industrial Average (DJIA) declined lower by 17.5 percent to 10,604.07 on August 9, 2011 from the May 2, 2011 high which was 12876.00 on the DJIA. Since the 10,604.07 low on the DJIA the highly...