| | Penney sales tumble but back-to-school 'encouraging' so far | (Reuters) - J.C. Penney Co Inc said on Tuesday quarterly sales tumbled again last quarter, even as reinstated CEO Myron Ullman worked to roll back his predecessor's failed merchandising strategies, but there were signs that customers were returning for the back-to-school season. | | | | U.S. exchanges reviewing large number of options trades | NEW YORK (Reuters) - U.S. exchanges are reviewing a batch of possibly erroneous options trades that occurred at Tuesday's market opening, and NYSE Euronext said it anticipates most of the affected trades on its Amex Options market will be cancelled. | | | | | | Home Depot reaps benefits from U.S. housing rebound | (Reuters) - A recovery in the U.S. housing market helped boost Home Depot Inc's quarterly profit and sales above analysts' estimates, prompting the world's largest home improvement chain to raise its outlook for the fiscal year. | | | | | | Alleged kingpin of U.S. penny stock fraud arrested in Thailand | NEW YORK (Reuters) - Authorities in Thailand have arrested a Canadian man accused of masterminding a $140 million plan to defraud investors in U.S. penny stocks, as well as another man who allegedly ran the scheme, federal prosecutors in New York said on Tuesday. | | | | | | | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today | | | | | | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today | | | | | » MORE NEWSLETTERS | |