Friday, August 10, 2012

Penney Comp Sales Plunge; CEO Vows to 'Stay the Course'

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Penney Comp Sales Plunge; CEO Vows to 'Stay the Course' - ‎21 minutes ago‎
JC Penney reported a deeper-than-expected drop in quarterly sales at stores open at least a year, the department store chain's second straight quarter of severe sales losses since changing its pricing strategy last winter.
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Chinese Export Growth Tumbles

New York Times - ‎24 minutes ago‎
HONG KONG - Signs that the Chinese economy is sputtering mounted Friday, in the form of dismally feeble trade data that fanned expectations that Beijing would soon step up its efforts to buttress growth before a key leadership transition this autumn.
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GLOBAL MARKETS: European Financial Markets Knocked by China Data

Wall Street Journal - ‎15 minutes ago‎
By Andrea Tryphonides European stocks were down and the euro was lower against the dollar Friday, following another round of weak data out of China, prompting concerns about the strength of the world's second-largest economy.
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Oil falls below $112, demand concern weighs

Reuters - ‎6 minutes ago‎
By Alex Lawler | LONDON (Reuters) - Oil fell to around $112 a barrel on Friday as a slowdown in China's trade flows and weaker forecasts from the International Energy Agency added to concern about demand, offsetting hopes of stimulus measures aimed at ...

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