Shares of iPhone maker Apple ( AAPL) lost 2.4% Monday to finish at $420.05; the stock hit a 52-week low of $419 during the trading session. Apple's 52-week high is $705.07. DoubleLine Capital CEO Jeffrey Gundlach predicted in November that the stock would close below $425. Apple Crashing, Gundlach's a Legend, Board Should Look at Cook
Vornado Realty Trust ( VNO) was selling 10 million shares of J.C. Penney ( JCP) in an unregistered secondary transaction, according to a person familiar with the sale, The Wall Street Journal reported. Vornado is J.C. Penney's third-largest shareholder. Deutsche Bank is handling the block transaction, the person told the newspaper, and the deal is expected to price at a range of $16.40 and $16.60 a share. Shares of J.C. Penney have declined more than 50% in the past year. J.C. Penney Needs to Fire Delusional Ron Johnson Now
A report by the Senate Permanent Subcommittee on Investigations highlights flaws in JPMorgan Chase's ( JPM) public disclosures and takes aim at several executives, including Douglas Braunstein, who was chief financial officer at the time the bank recorded multibillion-trading losses, The New York Times reported, citing people briefed on the inquiry. The report's findings are scheduled to be released on March 15, the newspaper said.
Checkpoint Systems ( CKP) is expected by analysts Tuesday to post fourth-quarter earnings of 17 cents a share on sales of $207.3 million.
VeriFone Systems ( PAY) is predicted by analysts to post fiscal first-quarter earnings of 49 cents a share on revenue of $431.5 million.
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