Over why apple wont fix her broken ipad. Its a rich story, folks. Apple fighting back, but dont worry, we have the perfect person to fix your pad for your. Sue, meanwhile is at the nyse. How are you . Hi, ty. Im good. As you mentioned two brands in trouble, jc penney stock hitting Single Digits on concerns that retailer doesnt have enough cash to fund its operations into the Holiday Shopping season. It expects to raise 932 million in a stock sale. For blackberry it lost a billion dollars in its latest quarter paying out millions to executives. We have Courtney Reagan on the jc penney and seema mody on blackberry. Court, you go first on jc penneys attempts to turn things around or try to. Thats right. Good evening to you, sue. The retailer announcing it expects to end the year with liquidity in excess of 1. 3 billion, 200 million less than it expected at its Second Quarter earnings announcement. Jc penneys cash burn has been concern for a while. Its transformation isnt cheap. Its been a
The dow plunging 180 at the open and rebounding at the close. There was nothing normal about the trading session. Investors dumped stocks from europe about the Financial Health of a big but relatively little known bank in portugal. It missed some debt payments that stirred up worries of a repeat of the european banking crisis from a few years ago. But then, comments from many market pros here in the u. S. All day long reassured investors the fundamentals had not really changed and stocks made a uturn. By the end of the day the dow lost 70, nasdaq off 22 and s p slipped eight points. Todays losses followed a big sell off over in europe, not only because of worries about the health of portugals Financial System but a slowdown in manufacturing across the contine continent. That renewed concerns how far europe and its banks have come since the financial crisis. Karen has more now from london. Reporter it was a day of fear for european markets as investors were scared by the Banking System
There was nothing normal about the trading session. Investors dumped stocks from europe about the Financial Health of a big but relatively little known bank in portugal. It missed some debt payments that stirred up worries of a repeat of the european banking crisis from a few years ago. But then, comments from many market pros here in the u. S. All day long reassured investors the fundamentals had not really changed and stocks made a uturn. By the end of the day the dow lost 70, nasdaq off 22 and s p slipped eight points. Todays losses followed a big sell off over in europe, not only because of worries about the health of portugals Financial System but a slowdown in manufacturing across the contine continent. That renewed concerns how far europe and its banks have come since the financial crisis. Karen has more now from london. Reporter it was a day of fear for european markets as investors were scared by the Banking System and Economic News. It slumped 1. 2 in may about a soft patch e
The dow plunging 180 at the open and rebounding at the close. There was nothing normal about the trading session. Investors dumped stocks from europe about the Financial Health of a big but relatively little known bank in portugal. It missed some debt payments that stirred up worries of a repeat of the european banking crisis from a few years ago. But then, comments from many market pros here in the u. S. All day long reassured investors the fundamentals had not really changed and stocks made a uturn. By the end of the day the dow lost 70, nasdaq off 22 and s p slipped eight points. Todays losses followed a big sell off over in europe, not only because of worries about the health of portugals Financial System but a slowdown in manufacturing across the contine continent. That renewed concerns how far europe and its banks have come since the financial crisis. Karen has more now from london. Reporter it was a day of fear for european markets as investors were scared by the Banking System
Connell i am connell mcshane. Find out if the Republican Party can find a message that resonates with the american people. Dagen stocks undervalued by 40 . Here to make his case. Connell did you watch oprah interview with Lance Armstrong . Did he make his case or hurt his cause . We will get reaction. Dagen and intimate the state income tax. One governor laid out his case, and wayne rogers likes the idea. Top of the hour, Nicole Petallides is covering it for you o on the floor of the new yk stock exchange. Nicole the market is likely to the downside. The trend has been the major market averages are not too far off the unchanged line. See the dog over the unchanged line 50 times in one day is not unusual to see that, however the trend had been to the upside looking like nine trading weeks we have seen the s p 500 now hovering around the five year highs. Dow jones industrials as well and the nasdaq composite as well. Intel weighing on the major averages, you can see down 6. 25 . If you t