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U.S. Morning Call: Ackman resigns from JC Penney Board

Tuesday, August 13, 2013 - 03:13

Aug 13 - Activist investor Bill Ackman, who has been pressing JC Penney to oust its chairman and CEO, resigns from the department store's board.

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Bill let me. Resigns from the JC -- board at the top of Tuesday's morning call. The struggling retailer saying happy alpha what one board member called the broad director. His resignation is effective immediately. Not only that JC -- elect new board member while -- so retail industry executive and director in the near future. The board also says it supports CEO Mike -- -- -- bill Blackman fought so hard to get rid of and chairman tonne and shares of the retailer jumping in the premarket on news. Some other this morning young -- still having big trouble in China and the KFC -- -- sales in the regions log in July again. This time it's less tainted chicken fears and more at diners looking elsewhere because you eat KFC. -- can't stand he -- ice on the menu shares falling over 3% in the premarket. Take a look at apple shares today they're still climbing after yesterday's surge about a dollar away from their 200 day moving average. Hype over Apple's new iPhone launch drowning at a negative analyst from -- And shares of Blackberry still looking higher in the premarket. Investors pleased with the company's seriously weighing a sale. But analysts and industry executives are saying that -- -- entire Smartphone maker is increasingly unlikely. And almost certainly at least a year too late. And watch -- Opentable today -- you company struck a deal that Al FaceBook users to reserve tables at restaurants with its mobile app. The social network continuing to make big strides in mobile. -- that shares up slightly in the premarket. While banks and brokers are basking in solid earnings investors may want to keep an eye out on the various regulators looking into that immediately. JPMorgan Chase has had at all settling with the feds over energy manipulation allegations and pay 410 million dollars in penalties. Now Goldman Sachs and JPMorgan are caught up in the US probe of commodity price gouging according to the Financial Times. The Wall Street powerhouses were at it along with commodities Giant Eagle corps among others. The US commodity futures trading commission and the Justice Department are looking into whether commodity warehousing firms. Have made it more expensive for companies to buy battle by restricting the flow of metal out of where house's. Goldman and JPMorgan recently ventured into the warehousing business. -- you look at stock futures they're signaling strong open US retail figures due later expected to paint it bright picture. Confirmed case for the Fed to ease its support. If -- Tuesday morning call remembered follow us on Twitter at Reuters Insider and get bored at. Slash. -- -- --

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U.S. Morning Call: Ackman resigns from JC Penney Board

Tuesday, August 13, 2013 - 03:13