A discussion about how ads are creating advertising buzz. All that and more over the next hour. First, headlines from my radio cohost carol massar. I love the devil baby. Lets get to headlines. Jc plan jcpenney is planning to a lemonade about 2000 jobs to help save 65 million a year. The closings represent about 3 jcpenney stores. The dell cuts would be about 2 of its workforce. Bank of america posted quarterly profits that more than quadrupled, beating wall street estimates. Fourth quarter net income rose to 3. 44 billion from just 732 732 million a year earlier. The biggest railroad in the eastern u. S. Reported Fourth Quarter profit that missed estimates for the first time in two years. This as coal shipments declined. Net income slid more than 5 . We will be talking to the cfo of csx tomorrow. Our senior markets correspondent julie hyman joins us with more on jcpenney, the news that the company is going to be shattering 33 stores and laying off 2000 people. Yet the stock moved high
A viral marketing. A discussion about how ads are creating advertising buzz. Nexthat and more over the hour. First, headlines from my radio cohost carol massar. I love the devil baby. Lets get to headlines. Jc plan jcpenney is planning to a lemonade about 2000 jobs to help save 65 million a year. The closings represent about 3 jcpenney stores. The dell cuts would be about 2 of its workforce. Bank of america posted quarterly profits that more than quadrupled, beating wall street estimates. Fourth quarter net income rose 7323. 44 billion from just 732 million a year earlier. Thebiggest railroad in eastern u. S. Reported Fourth Quarter profit that missed estimates for the first time in two years. Declined. Al shipments net income slid more than 5 . We will be talking to the cfo of csx tomorrow. Our senior markets correspondent julie hyman joins us with more on jcpenney, the news that the company is going to be shattering 33 stores and laying off 2000 people. Yet the stock moved higher as
Target to an a rating following weaker sales caused by the massive data breach. Mf global is suing pricewaterhousecoopers for 1 billion. Mf blames its bankruptcy on what it calls erroneous advice. Pricewaterhouse tells First Business its disappointed in the claim, and regulators found no errors. Northwestern university prepares to appeal by april 9th. The decision by the National Labor Relations Board to allow the schools Football Players to unionize. And mcdonalds will soon offer free coffee for two weeks to perk up its breakfast business. Trader Phillip Streible of rjo futures joins us on this monday morning. Good morning philip. Good morning to you. Today marks the last day of the quarter for trading so what do you expect from the market . A lot of it has to do with a lot of sector rotation right now. Weve seen the equity market start to come off in the last couple of weeks. I think that traders are going to be a little more defensive. Remember when we had such a big runup here in 2
For its big event september 10th at its headquarters in cupertino, california. Its widely expected the tech company will unveil its next iphone kodak is expected to emerge from bankruptcy. The Iconic Company has been in chapter 11 for 20 months. Kodak will continue as a smaller Digital Imaging company. Investors holding old shares will be able to write it off as a tax loss. Larry shover of sfg alternatives joins us now. Larry, is this a high risk market . It is a high risk market but the good thing is when you talk about syria, and you talk about the summers appointment, the budget deficit, the fiscal cliff. These things have been known risks for about a month now so the market has had time to digest them so the reaction might not be as big as if it just came out of left field. Oil has been trending higher. Will that trend continue . Im afraid the oil trend will continue to be higher. Supplies have been really tight even before we had these problems persisting in the middle east. The t
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