Activist hedge fund investor William Ackman may be off the board of J.C. Penney, but concerns about the U.S. department store chain's prospects have pushed bearish bets to record levels in the U.S. ... more 
Activist hedge fund investor William Ackman may be off the board of J.C. Penney, but concerns about the U.S. department store chain's prospects have pushed bearish bets to record levels in the U.S. options market. With Ackman stepping down from Penney's board after a public spat with fellow board members, the focus is shifting to the company's quarterly earnings due on August 20. Asda, Britain's No. 2 grocery business to Tesco, said that sales growth fell in the second quarter as family budgets remained under pressure. Stocks are sharply lower in midday trading after disappointing news from two companies in the Dow Jones industrial average. less 
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Thu, Aug 15, 2013 2:53 PM EDT