Archive for May 17th, 2012

Daily Wrap: 5/17/2012

May 17, 2012

It was another down day for the markets with stocks tumbling to session lows by midday and then continued to fall, amid concerns over the situation in Greece. On the economic front, the number of Americans filing new claims for unemployment benefits held steady at a seasonally adjusted 370,000 last [...]

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J.C. Penney Plunge Marks Greatest Single-Day Loss In 40 Years

May 17, 2012

What gives? J.C. Penney’s quarterly profit and revenue fell far short of Wall Street expectations.

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