On Tuesday, Shares of J. C. Penney Company, Inc. (NYSE:JCP), closed at $8.55.
Shares of J.C. Penney were down in late afternoon trading on Tuesday, after Monday’s decision by a federal judge in Los Angeles, who certified a class action lawsuit against the company. The suit accuses the retailer of hiking up prices on apparel and accessories in order to fool consumers into believing they were getting good deals when the items went on sale, Reuters reports.
The complaint against the retail giant says that the company has been operating a “massive, years-long pervasive campaign” designed to device its shoppers regarding the pricing of private and outside label brands.
J. C. Penney Company, Inc., through its partner, J. C. Penney Corporation, Inc., sells merchandise through department stores in the United States. The company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings, in addition to provides various services, counting styling salon, optical, portrait photography, and custom decorating.
Shares of U.S. Bancorp (NYSE:USB), inclined 1.11% to $44.69, during its last trading session.
U.S. Bank declares the long-term renewal of its co-brand partnership with REI and the launch of the new REI World MasterCard®.
Under the agreement, the new REI co-branded credit cards will offer members more opportunities to earn through everyday purchases. The card portfolio will be converted to MasterCard with EMV chip-card technology, better protecting members from card-present counterfeit fraud.
“We are thrilled to continue our partnership with REI,” said Robert Goeller, senior vice president at U.S. Bank. “This long-term extension and partnership enhances our existing credit-card program through delivery of high-value products and services. Our aim is to enable REI members to accelerate reward earnings and take greater advantage of REI’s exceptional service, gear and unique adventure-trip experiences.”
U.S. Bancorp, a financial services holding company, provides a range of financial services in the United States. It offers depository services, which comprise checking accounts, savings accounts, and time certificate contracts; and lending services, such as traditional credit products, in addition to credit card services, leasing, financing and import/export trade, asset-backed lending, agricultural finance, and other products.
At the end of Tuesday’s trade, Shares of International Business Machines Corporation (NYSE:IBM), gained 0.24% to $173.48.
International Business Machines, declared that United Business Group (UBG) — a leader in IT Infrastructure Administration, Technical Support Services, IT Consultancy and Technology Resource Outsourcing in Kuwait — has chosen the IBM Cloud to transform its business into a managed service provider. IBM and UBG will offer a flexible hybrid cloud platform based on OpenStack to deliver customized cloud services to customers in Kuwait. Businesses will be able to choose to have their data located in country and given the option to have the data reside either on premises or off premises.
UBG will also offer to its clients in Kuwait Bluemix, IBM’s cloud development platform, to speed up app development, cutting deployment time from months to minutes. The new model also allows businesses to select from a range of hardware configuration options based on open standards and deploy services from IBM’s SoftLayer global data centers based on the needs of the workload. Now businesses will be able to focus more on building functional applications and services and less on the back-end processes, such as the infrastructure and cloud administration systems.
International Business Machines Corporation provides information technology (IT) products and services worldwide. The company’s Global Technology Services segment provides IT infrastructure and business process services, such as outsourcing, processing, integrated technology, cloud, and technology support.
Finally, Computer Sciences Corporation (NYSE:CSC), ended its last trade with -0.89% loss, and closed at $67.66.
Computer Sciences Corporation, declared that the Company’s Board of Directors has declared a regular quarterly dividend of $0.23 per share on the company’s Common Stock. The dividend will be paid on July 9, 2015 to stockholders of record at the close of business on June 12, 2015.
Computer Sciences Corporation provides information technology (IT) and professional services and solutions in North America, Europe, Asia, and Australia. The company operates through Global Business Services, Global Infrastructure Services, and North American Public Sector segments. The Global Business Services segment provides technology solutions, counting consulting, applications services, and software.
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