Business Stories from February 28, 2013 (Change date)
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Penney’s shares plunge after 4Q massive lossFeb 28, 2013 9:39 am - NEW YORK — Shares of J.C. Penney Co. plunged a day after the department-store chain reported massive losses and a nearly 30 percent drop in revenue in its fiscal fourth-...
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U.S. rate on 30-year mortgage declines to 3.51 pct.Feb 28, 2013 9:39 am - WASHINGTON — Average U.S. rates on fixed mortgages moved closer to historic lows this week, a trend that has helped drive a rebound in home sales. Mortgage buyer Freddi...
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After 2 days of big gains, stocks turn mixedFeb 28, 2013 9:39 am - NEW YORK — The stock market on Thursday plodded rather than soared, flicking between small ups and downs after two days of triple-digit gains. Big-name companies reporte...
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Barnes & Noble posts 3Q loss as Nook costs mountFeb 28, 2013 9:39 am - NEW YORK — The digital business is weighing on Barnes & Noble Inc., the largest traditional U.S. bookseller. The company posted on Thursday a loss in the fiscal third qu...
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Wendy’s stands by outlook amid transformation pushFeb 28, 2013 9:39 am - NEW YORK — Wendy’s is standing by its outlook for the year as it pushes ahead with restaurant remodeling plans intended to boost its image. The company, based in Dublin,...
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An exchange with a hacker phishing for moneyFeb 28, 2013 9:05 am - Here’s my exchange with the hacker who took the contact list from a Sleepy Hollow business owner and then went on a phish expedition for $1,500 from me, apparently obliv...
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China says U.S.-based hackers target its websitesFeb 28, 2013 7:28 am - BEIJING — China’s military said Thursday that overseas computer hackers targeted two of its websites an average of 144,000 times per month last year, with almost two-thi...
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Lew becomes nation’s 76th Treasury secretaryFeb 28, 2013 7:28 am - WASHINGTON — Jacob Lew was sworn in Thursday as the nation’s 76th Treasury secretary, one day before across-the-board government spending cuts kick in that could hold ba...
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US economy barely grew in Q4, but rebound likelyFeb 28, 2013 6:42 am - WASHINGTON — The weakest quarter for the U.S. economy in nearly two years may end up being a temporary lull. Economists think growth has begun to pick up on the strength...
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Las Vegas casinos folding on poker roomsFeb 28, 2013 6:26 am - LAS VEGAS — The Tropicana hoped to step back into the big leagues when it opened its poker room in the heart of the Las Vegas Strip, touting it as the coolest in town. B...