Stocks deflated Friday afternoon, with investors giving up an attempt at an advance as J.C. Penny's profit warning and gyrations in the financial sector kept economic fears in focus.
Stocks turned mixed, giving up gains Friday afternoon as J.C. Penny's profit warning revived worries about consumer spending and gyrations in the financial sector kept credit market fears at the forefront.
Where are investors putting their money in these uncertain times? Apparently, more and more are seeking safer havens in Europe, India, China and Latin America.
Where are investors putting their money in these uncertain times? Apparently, more and more are seeking safer havens in Europe, India, China and Latin America.
Eli Lilly & Co.'s incoming chief executive believes his background in the laboratory provides the formula needed to fill the drugmaker's dwindling pipeline.