Penney: Fiscal 2Q Earnings Snapshot

Penney: Fiscal 2Q Earnings Snapshot

J.C. Penney Co. (JCP) on Thursday reported a loss of $101 million in its fiscal second quarter. The Plano, Texas-based company said it had a loss of 32 cents per share. Losses, adjusted for non-recurring gains, were 38 cents per share. Continue Reading Below The results fell short of Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share. The department store…

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JCPenney same-store sales miss estimates, shares tumble

JCPenney same-store sales miss estimates, shares tumble

(Reuters) – J.C. Penney Co Inc on Thursday reported sales at established stores below analysts’ estimates as the department store chain discounted heavily to clear inventory, sending its shares down 15 percent. Continue Reading Below Same-store sales rose 0.3 percent, missing analysts’ average estimate of about 1 percent, according to Thomson Reuters I/B/E/S. Net loss widened to $101 million, or 32 cents per share, in the second quarter ended Aug. 4 from $48 million, or 15…

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Why Scientists are Giving Robots Human Muscles

Why Scientists are Giving Robots Human Muscles

This article was originally published on ETFTrends.com. Human-robot hybrids are advancing quickly, but the applications aren’t just for complete synthetic humans anymore as indicated in the video below. Click below to watch the full video: Related: What Does the Future Hold for Artificial Intelligence? For more trends in robotics and artificial intelligence, visit the Robotics & AI Channel. Continue Reading Below Read more at ETFTrends.com > Free America Network Articles

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Teachers’ Out-of-Pocket Spending on School Supplies Hits a 5-Year High

Teachers’ Out-of-Pocket Spending on School Supplies Hits a 5-Year High

Parents, if you’re finding back-to-school shopping a bit of a chore, consider this sad trend: Your kids’ teachers are taking more money than ever out of their own pockets to pay for the classroom supplies, instructional materials, and professional development they need. To ensure they have the tools required to do their jobs for your offspring, those educators are laying out an average of $652 apiece, according to a new survey of 538 U.S. K-12…

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Italy collapse points to difficulties with aging bridges

Italy collapse points to difficulties with aging bridges

article The bridge that collapsed in the Italian port city of Genoa was considered a feat of engineering innovation when it was built five decades ago, but it came to require constant maintenance over the years. Its design is now being investigated as a possible contributor to its stunning collapse. Continue Reading Below The Morandi Bridge was severed in its midsection during a heavy downpour Tuesday, killing at least 39 people. Italian prosecutors focused their…

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Stock futures rise on report US, China trade talks to resume

Stock futures rise on report US, China trade talks to resume

China said on Thursday a delegation would attend the next round of trade talks with U.S. counterparts in Washington later this month. Continue Reading Below China and the United States have retaliated back and forth with tit-for-tat tariffs and have threatened further tariffs on exports worth hundreds of billions of dollars. The announcement came from China’s Ministry of Commerce, but without a response from the US. The last round of talks was in early June….

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The Latest: Italian highway operator faces volatile trading

The Latest: Italian highway operator faces volatile trading

The latest developments following the deadly collapse of a highway bridge in Italy (all times local): 9:45 a.m. Continue Reading Below The holding company for Autostrade per l’Italia was facing a volatile trading day after the government announced it would take steps to revoke the concession following the deadly bridge collapse in Genoa. Shares in Atlantia were so volatile in opening Milan trading Thursday that they were not able to get a fixed price. The…

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Forests group halts plan to endorse Indonesian paper giant

Forests group halts plan to endorse Indonesian paper giant

Image 1 of 2 ▼ The main global group for certifying sustainable wood has suspended plans to give its influential endorsement to Indonesian paper giant Sinarmas after revelations it cut down tropical forests and used an opaque corporate structure to hide its activities. Continue Reading Below The Forest Stewardship Council said Thursday that it had halted a process that could have enabled the Asia Pulp & Paper arm of Sinarmas to be readmitted to the…

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Amazon considering UK insurance comparison site: report

Amazon considering UK insurance comparison site: report

article The logo of Amazon is pictured inside the company’s office in Bengaluru, India, April 20, 2018. Picture taken April 20, 2018. REUTERS/Abhishek N. Chinnappa (Reuters) Amazon.com’s next move could be into European financial services. Continue Reading Below The online retail giant is reportedly sounding out some of Europe’s top insurance firms to see if they would contribute products to a UK price comparison website. Three industry executives told Reuters they had held talks with…

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Oil rises as China, US set for trade talks

Oil rises as China, US set for trade talks

article Oil prices on Thursday recouped some of the previous day’s losses after Beijing said it would send a delegation to Washington to try to resolve trade disputes between the United States and China that have roiled global markets. Continue Reading Below Brent crude oil futures were at $71.03 per barrel at 0455 GMT, up 27 cents, or 0.4 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were up 5 cents…

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