Gap Inc Stock Dips on Gloomy Outlook

Gap Inc Stock Dips on Gloomy Outlook
Gap Chief Financial Officer Sabrina Simmons stated in a press release: “Strong and consistent cash generation is a trademark of our business, with 2015 free cash flow totaling about $ 870 million. We returned about $ 1.4 billion through share repurchases …
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A Penny for Penney: J C Penney Company Launches 1-cent Deals
J C Penney Company Inc. (NYSE:JCP) announced that it plans to launch a new value proposition "Get Your Penney's Worth (TM)." The retailer is introducing a campaign in which it will sell some of its private label clothing items for only one cent. It …
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Apple Inc to Beat Whatever is Put in front of It
The ongoing saga between the iPhone maker and the FBI has been making front-page news for the past couple of days and it seems the masses are divided as to which party's argument seems more credible. The FBI wants Apple to facilitate active …
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Bank of America Corp: More Downsizing is on its Way
Business Finance News appreciates the bank's positive cost-cutting measures. Its efficiency ratio for FY15 was 68.6%, compared to 57% for Citigroup Inc., and 57.8% for Wells Fargo & Co. This shows that the cost-cutting measures were effective despite …
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