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BREAKING NEWS ON: BUSINESS, ECONOMICS & FINANCE, STOCK & MARKETS BREAKING NEWS IN WORLD
 Retail chain operator J.C. Penney Company, Inc. announced Thursday morning that comparable store sales for the month of December declined 8.1%, with a 6.8% decline in total sales. For January, the company expects a low-double digit decrease in comparable store sales.
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Dell Inc., the world’s second-biggest personal-computer maker, will cut almost 2,000 jobs in Limerick in a cost-cutting measure.
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MUMBAI (Reuters) - Investors in Satyam Computer Services Ltd's American Depositary Receipts (ADRs) have filed two class action suits against the Indian software services firm, the law firms representing the investors said on Thursday.
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HONG KONG (Reuters) - Lenovo Group, the world's fourth-biggest PC maker, forecast a quarterly loss as China's slowing economy hit sales, and said it will axe 2,500 jobs as part of a restructuring to cope with falling demand for computers.
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Consumer products company Helen of Troy Limited (HELE) on Thursday reported a 34% fall in profit for the third quarter, hurt by foreign exchange losses and an almost 12% decline in sales. The company also noted that the liquidation of one of its customers, home-goods retailer Linens' n Things, negatively impacted its business. The company's stock is down more than 14% in the regular trading session.
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LONDON (Reuters) - Oil traded higher on Thursday, reaching $43 after diving 12 percent overnight, partly due to higher than expected U.S. crude stocks data that hardened evidence of weakening demand.
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France was planning to inject another EUR 10.5 billion into its banking sector, reports said Thursday. The money was likely to be made available as quasi-shareholders' equity rather than as subordinated debt as done hitherto.
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(Reuters) - Costco Wholesale Corp reported a 4 percent fall in sales at stores open at least a year in December, hurt mainly by lower gasoline prices and foreign exchange losses.
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ION Geophysical (IO) gapped open lower and has continued to slide steadily during the first half hour of trading. The slip comes after the company lowered its fourth quarter revenue outlook.
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Hill-Rom (HRC) gapped open lower and has continued to decline during the first half hour of trading. The stock posted its fourth loss in a row and is at a new low, down $1.17 at $13.69.
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