Signage is displayed outside a JC Penney Co. store in Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images J.C. Penney on Friday afternoon said it hasn’t hired any advisors to prepare for an “in-court restructuring or bankruptcy.” The statement followed a report Thursday evening that the embattled department store chain had hired advisers to explore
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Shares in French advertising conglomerate Publicis slumped after the group cut its 2019 revenue growth guidance. Late Thursday, the company reported lower-than-expected revenue for the second-quarter of 2019. Shares of Publicis plunged 8.5% to their lowest level since December 2012 in early trading on Friday. The company posted organic growth of 0.1% against analyst expectations
2020 Chevrolet Corvette Stingray Source: General Motors General Motors is gunning for Ferrari with its newest redesign of the Chevrolet Corvette — the 2020 Stingray unveiled Thursday night. First introduced in 1954, the Chevy Corvette quickly stood out in a market dominated by the heavy metal that was rolling out of most Detroit factories in
Microsoft CEO Satya Nadella speaks at the Digital-Life-Design conference in Munich, Germany, on January 16, 2017. Tobias Hase | dpa | Getty Images Microsoft stock rose after the company released better-than-expected earnings results for the fourth quarter of its 2019 fiscal year. Here are the key numbers: Earnings: $1.37 per share, excluding certain items, vs.
Secretary of the Treasury Steven Mnuchin SAUL LOEB | AFP | Getty Images Treasury Secretary Steven Mnuchin said that the department will police bitcoin and other cryptocurrencies with “very, very strong” regulations so that they don’t become like anonymous Swiss bank accounts. “We’re going to make sure that bitcoin doesn’t become the equivalent of Swiss-numbered