Financial
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J.C. Penney Stock Hit Hard by Loss
Shares of the reinventing retailer down 17.6 percent in midday trading.
— May 16, 2012
Richemont Profits Jump 42.7% in Year
Luxury group says Asia-Pacific now generates 42 percent of sales.
— May 16, 2012
Benetton Profits Drop 48%
Four months after it first revealed plans to go private, the company said Tuesday it will delist from the Italian Stock Exchange as of May 31.
— May 15, 2012
Tumi Sales, Earnings Gain in Quarter
North American direct-to-consumer sales rose 31.6 percent in the period.
— May 15, 2012
Penney's Ron Johnson Touts Changes Despite $163M Loss in Q1
Retailer's ceo signaled that its transformation is “way ahead of schedule” and is setting the store on a more fashionable path.
— May 15, 2012
Greece Dominates Markets
Wall Street stalls, Europe down as country deals with political crisis.
— May 15, 2012
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