J.C. Penney's latest move to turn itself around involves tapping its own credit line.
Early Monday, the retailer announced it drew $850 million from its $1.85 billion credit facility to help replenish its inventory and for other working capital.
The latest move comes after J.C. Penney (JCP) replaced CEO Ron Johnson with his predecessor, Mike Ullman, and tapped the Blackstone Group (BX) to help it raise money.
Related: J.C. Penney fighting for MORECatherine Tymkiw - Apr 15, 2013 1:08 PM ET
Bed Bath & Beyond got a boost Thursday after the home goods retailer reported stronger-than-expected revenue.
While earnings were in line with forecasts, investors cheered the sales figures. Net sales rose nearly 25%, while same store sales -- a key metric of consumer spending -- nudged up 2.5%
Shares of Bed Bath & Beyond (BBBY) rallied more than 4% Thursday before pulling back.
Some of the retreat could be due to MORECatherine Tymkiw - Apr 11, 2013 2:32 PM ET
Apple may not be the darling of every investor's eye but Google is starting to lose some love too.
Just a month ago, shares of Google were well on their way to $900, with some analysts even calling for Google's stock to hit $1,000.
Even though shares are still up 9% for the year, they're moving further and further away from their March 6 all-time high of $844.
What helped propel Google (GOOG) MORECatherine Tymkiw - Apr 8, 2013 1:10 PM ET
Troubled electronics retailer Best Buy said Thursday that it has teamed up with Samsung to create boutique shops in more than 1,400 U.S. stores.
Best Buy founder Richard Schulze, who owns 20% of the retailer's shares, had been trying to buy the company for months. But a March 1 deadline came and went without a final offer.
Best Buy CEO Hubert Joly has been cutting staff and closing stores to try to MORECatherine Tymkiw - Apr 4, 2013 1:08 PM ET
How's this for a House of Cards? Netflix (NFLX) is the best-performing stock in the S&P 500 so far this year. Shares have more than doubled as investors have once again become optimistic about the company's growth prospects.
Netflix rose nearly 5% Tuesday after Pacific Crest analyst Andy Hargreaves boosted his price target on the stock to $225. That's up from his earlier forecast of $160 and is nearly 20% higher MOREPaul R. La Monica - Mar 26, 2013 12:22 PM ET
Tiffany might want to change the color of its trademark blue box to green. Shares of Tiffany (TIF) rose nearly 2% Friday after the luxury retailer reported earnings that topped forecasts.
The stock is now up more than 20% year-to-date, surging even as shares of other luxury brands such as Coach (COH) and Nordstrom (JWN) have fallen this year.
Tiffany's stock is also outperforming lower-end jewelry chains Signet (SIG) -- of "He MOREPaul R. La Monica - Mar 22, 2013 11:34 AM ET
Anyone can reinvent themselves as the saying goes. While Cisco has been doing just that, some think it's gotten a little too ambitious.
FBR Capital Markets analyst Scott Thompson downgraded the stock Thursday to underperform and slashed his price target to $17 from $22.
"We expect it may take longer than management expects to create organic software growth that is able to offset declining core routing and switching revenues," said Thompson in his MORECatherine Tymkiw - Mar 21, 2013 1:49 PM ET
The skull and crossbones image is often used to warn people something is poisonous. It might be needed to warn investors to steer clear of Skullcandy (SKUL) stock.
Shares of the headphone maker plunged more than 20% Friday after warning that it would report a loss in the first quarter and big drop in sales. Several analysts slashed their ratings and price targets on the stock, which hit a record low MOREPaul R. La Monica - Mar 8, 2013 12:44 PM ET
Facebook (FB) shares have lagged the broader market this year. The stock even fell on Tuesday as the Dow was marching to a new all-time high.
And Facebook has really done poorly compared to rivals Google (GOOG), Yahoo (YHOO), AOL (AOL) and LinkedIn (LNKD).
But the stock was up more than 1% Wednesday, a day before the social network was set to announce changes to its News Feed feature.
Investors are probably hoping MOREPaul R. La Monica - Mar 6, 2013 12:08 PM ET
Shares of First Solar plunged 17% Wednesday to their lowest level in three months after the company delivered disappointing fourth-quarter sales figures and a weak outlook for the first quarter.
First Solar (FSLR) reported revenue of $1.1 billion for the last three months of 2012, falling short of the $1.3 billion that analysts were expecting. For the first quarter, the solar panel maker expects to earn between 70 cents and 90 MOREHibah Yousuf - Feb 27, 2013 1:38 PM ET
Not a member yet?Sign up now for a free account
|McDonald's gives Charles Ramsey free food for a year|
|4 federal agencies to shut Friday|
|Obamacare premiums in California lower than predicted|
|Japan stocks rebound after big plunge|
|Bitcoin more powerful than fastest supercomputers|