Outlook roundup: Penney, Xyratex

PLANO, Texas (AP)--J.C. Penney Co. will further slow the pace of new department store openings and cut capital spending next year because of the weak economy.

NEW YORK (AP)--U.K.-based computer storage products company Xyratex Ltd. said Wednesday it expects fiscal third-quarter revenue below Wall Street's expectations.

ARLINGTON, Va. (AP)--Government contractor CACI International Inc. on Wednesday forecast profit for the upcoming year below what Wall Street is predicting, although sales are expected to be in line with analysts' forecasts.

NEW YORK (AP)--BorgWarner Inc.'s chairman and chief executive told analysts Wednesday that while other automotive suppliers are struggling in the face of declining vehicle production, his company is poised for growth.