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This Monday, Aug. 19, 2013 photo shows a J.C. Penney store in a Pembroke Pines, Fla., shopping center. On Tuesday, Aug. 20, 2013, J.C. Penney reports quarterly financial results. (AP Photo/J Pat Carter)

J.C. Penney Shares Leap Despite Earnings Miss and Plunging Sales

Reuters J.C. Penney on Tuesday reported sales at stores open at least a year fell 11.9 percent in the second quarter, during which it reverted to a promotions-heavy strategy to try to halt a sharp sales decline.

  • A Wall Street sign is seen in front of the New York Stock Exchange in New York's financial district
    Why Investors Should Ignore Economists Daily Ticker

    Investors are better off tuning out the economic noise, says Barry Ritholtz, CEO of Fusion IQ and CIO of The Ritholtz Group.

    A Wall Street sign is seen in front of the New York Stock Exchange in New York's financial district

    Investors are better off tuning out the economic noise, says Barry Ritholtz, CEO of Fusion IQ and CIO of The Ritholtz Group.

  • People walk outside a Home Depot store in Washington
    Home Depot Reaps Benefits from U.S. Housing Rebound Reuters

    A recovery in the U.S. housing market helped Home Depot Inc beat analysts' quarterly profit and sales estimates on Tuesday, prompting the world's largest home improvement chain to raise its outlook for the fiscal year.

    People walk outside a Home Depot store in Washington

    A recovery in the U.S. housing market helped Home Depot Inc beat analysts' quarterly profit and sales estimates on Tuesday, prompting the world's largest home improvement chain to raise its outlook for the fiscal year.

  • 3 Reasons Detroit Still Rocks for Tech
    3 Reasons Detroit Still Rocks for Technology Breakout

    'We wanted to focus on the challenges for the U.S. economy at a time when technology is transforming everything,' says David Kirkpatrick, founder and CEO of Techonomy.

    3 Reasons Detroit Still Rocks for Tech

    'We wanted to focus on the challenges for the U.S. economy at a time when technology is transforming everything,' says David Kirkpatrick, founder and CEO of Techonomy.

 
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