Stocks to Watch: J.C. Penney, Alcoa
NEW YORK -- J.C. Penney
Ullman had been CEO of J.C. Penney until late 2011.
J.C. Penney has been struggling in recent months to try to turn itself around. It faces decreasing revenue and concerns about plans to stay afloat, given mounting debt.
Alcoa posted revenue of $5.83 billion, down from $6.01 billion a year earlier. Analysts were looking for revenue of $5.88 billion.
Alcoa said adjusted earnings rose to 11 cents a share from 10 cents a share a year earlier. Analysts were calling for quarterly profit of 8 cents a share.
"This was a strong quarter led by record profitability in our downstream business, improved results in our midstream business, and remarkable upstream performance in the face of weak metal prices," said Klaus Kleinfeld, CEO of Alcoa, in a statement on Monday.
The Xbox will use an AMD system-on-a-chip that combines "Jaguar" central processing units with graphics chips, one of the people told the news agency.
AMD also is providing chips for Sony's
-- Written by Joseph Woelfel
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