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U.S. Morning Call: New JCP CEO to face shareholders

Friday, May 17, 2013 - 03:28

May 17 - J.C. Penney CEO Mike Ullman heads to the company's headquarters in Texas for its annual meeting.

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It's your morning cough up Friday may I issued you don't want to. Felt today JC Penney CEO Mike -- heat heading to the company's headquarters in Texas. The annual meeting. And that shareholders will discuss earnings from yesterday. Weeks Els and had cleared the result in another steep quarterly loss. But six weeks compact Altman not making any promises for turn around like his predecessor Ron Johnson. Akron and -- what happened overnight. But the company is taken -- week to meet her and shore up its financing and win back shoppers. What they while doing anytime soon is rolling out new -- Shares have climbed nearly 40% since Altman returned to the chain down 3% in the premarket. But Citigroup feeling confident about the future and rising price target to twenty dollars. Can't a lot of confidence in -- well or at least its future it's one -- stocks to watch. The PC maker reporting 879%. Slide in profit after yesterday's close. -- is houses cleaned out hot it is these days but that -- might make the case for Michael -- to take the company private. Again making peace and focus on enterprise computing services away from public. But -- the public the way Carl Icahn likes and shares are flat so this week. Happy anniversary to the stock we've watched very closely. A year ago tomorrow. That made public debut. The hype that proceed and that deal well that's on the same direction that the shares down. 37%. From where it opened last. A year for FaceBook. -- shifted focus from desktop and mobile its ad business has broadened significantly. And all of it and have -- and -- revenue. And FaceBook but is isn't looking for some start up mode you know and willing to pay for. This time it's kind Tumblr according to all things. Some hair on it and it's fair she wasn't ideal notion but that's a lot is important -- who. And just two months ago I made headlines about the news -- not -- for around 39 dollars. -- to market US stock futures point higher open after yesterday's fall when a fan of that president John Williams. That the Fed may and bond purchases later this year it jobs continue to grow. We've got the Thomson Reuters University of Michigan consumer survey which is expected to show a slight increase incompetent in. And I want programming note later and liberian president Ellen Johnson certainly also Nobel Peace Prize winner. Talked to winners about the economic future and stability like your and it's potential emergence as a frontier market. That's -- at eastern on insider. That's your Friday morning call remembered follow on Twitter at an insider and get more break and that later dot com slash later. -- -- --

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U.S. Morning Call: New JCP CEO to face shareholders

Friday, May 17, 2013 - 03:28