J.C. Penney on Tuesday reported sales at stores open at least a year fell 11.9 percent in the second quarter, during which it reverted to a promotions-heavy strategy to try to halt a sharp sales ... more 
J.C. Penney on Tuesday reported sales at stores open at least a year fell 11.9 percent in the second quarter, during which it reverted to a promotions-heavy strategy to try to halt a sharp sales decline. Shares in emerging economies fell again as investors braced for the phasing out of an American central bank stimulus program that has shored up markets for the past few years. Best Buy's second-quarter net income rose sharply, helped by cost-cutting and legal settlements. Mining giant BHP Billiton said its annual profit dove nearly 30 percent as slower growth in China and other emerging economies resulted in lower prices for copper, coal, and iron ore. less 
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Tue, Aug 20, 2013 11:13 AM EDT