Topic: Michael Francis
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J.C. Penney stock tumbles after president's exit
J.C. Penney stock tumbled Tuesday after the sudden exit of Michael Francis, who was brought in last October to help redefine the department store's brand. J.C. Penney stock fell 10.1 percent by midday Tuesday, nearing its lowest levels in two years.
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Stocks jump nearly 100 points on hopes of Fed action
Optimistic traders turned their focus back to corporate news from the US as banks and materials stocks led the market higher.The Dow Jones industrial average soared 95 points to 12,837, its highest close in a month.
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