MARKET PULSE- J.C. Penney, Hertz, JPMorgan, Jabil, Bed Bath and Beyond
(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s) U.S. stock index futures were little changed on Thursday. S&P 500 futures was up 0.2 percent, Dow Jones industrial average futures was up 0.16 percent and Nasdaq 100 futures was up 0.2 percent.
** J.C. PENNEY CO INC, Wednesday close $10.12, down 6.5 pct premarket
The struggling retailer is looking to raise as much as $750 million to $1 billion in new equity to build up its cash reserves as the holiday season approaches, according to three people with knowledge of the matter.
** HERTZ GLOBAL HOLDINGS INC, Wednesday close $25.78, down 9 pct premarket
The No.2 U.S. car rental company cut its full-year revenue forecast due to weaker-than-expected airport car rental volumes in the United States, the company's biggest business.
** WAL-MART STORES INC, Wednesday close $74.65
The world's largest retailer's shares fell 1.5 percent on Wednesday after a report by Bloomberg News said the retailer is cutting orders with suppliers this quarter and next quarter to address rising inventories. The report said an ordering manager at the company described the pullback in an email to a supplier last week, who said other suppliers received similar messages.
** LDK SOLAR CO LTD, Wednesday close $1.52 Continued...