This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Business Highlights

___

Weekly US unemployment benefits claims drop to 344,000

WASHINGTON (AP) â¿¿ The number of Americans seeking unemployment aid fell by 22,000 last week to a seasonally adjusted 344,000, indicating that the job market may be picking up.

The four-week average of applications dropped 6,750 to 355,000, the Labor Department said Thursday.

Stronger hiring is one of the reasons economists expect more growth in 2013 after a disappointing October-December quarter, when the economy barely grew.

___

Jacob Lew becomes nation's 76th Treasury secretary

WASHINGTON (AP) â¿¿ Jacob Lew was sworn in Thursday as the nation's 76th Treasury secretary, a day before across-the-board government spending cuts kick in that could slow down the U.S. economy.

Vice President Joe Biden led the brief ceremony at the Oval Office, with Lew's wife and family and President Barack Obama on hand.

After the ceremony Lew walked to the Treasury Department and was greeted by employees who lined the steps of the building.

___

Penney's shares plunge after 4Q massive loss

NEW YORK (AP) â¿¿ J.C. Penney is the biggest loser.

Shares of J.C. Penney Co. plunged 17 percent on Thursday, the biggest loser on the Standard & Poor's 500 index for most of the day. The drop comes a day after the department-store chain reported its fourth consecutive larger-than-expected quarterly loss on another steep sales decline

The drop means that Penney shares, which are now trading under $18, have lost nearly 60 percent of their value since January of last year when CEO Ron Johnson announced his plan to ditch hundreds of sales in favor of "everyday low prices."

___

Sears 4Q loss narrows as company reduces expenses

NEW YORK. (AP) â¿¿ Sears narrowed its fiscal fourth quarter loss as it reduced expenses and improved sales a little at its namesake stores. The results offer a glimmer of hope for a troubled department store chain that still has a long way to go to turn around its Sears and Kmart stores.

2 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,011.94 -28.43 -0.16%
S&P 500 2,109.60 -2.13 -0.10%
NASDAQ 5,076.5240 -6.4050 -0.13%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs