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Harikesh S Nair

J.C. Penney Pricing Strategy: What is in Store? (Exclusive)

J.C. Penney Co is introducing a three-tier price model by which the retailer is essentially committing to a new markdown pricing strategy that will convince consumers that some items will not have price reductions (everyday fair price), thereby their risk of buying at current prices is low, according to a Stanford University business faculty.
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Doubts on Greece Deal Weigh on Asian Stocks, Euro

The euro and Asian shares pulled back Friday as investors remained concerned about prospects of restructuring Greece's debt and global lenders demanded more steps even after it struck a long-awaited deal on fiscal reforms.
Athens demonstrators

Greece Bailout Plan Details Disdained In Brussels, at Home

Hours after Greece's ruling coalition announced it had concluded an 11th-hour agreement on new austerity measures in an effort to satisfy foreign lenders, it seemed that everyone - from creditors abroad to political allies back home - was turning on the Greek leadership.
Fidelity

401k Savings Up Slightly in 2011: Fidelity

U.S. workers contributed more to their 401(k) plans in 2011, while average balances at year’s end also rose slightly, according to a quarterly survey by Fidelity Investments.
Jon Huntsman 2012

Jon Huntsman, Former Presidential Candidate, Joins Ford's Board

Ford Motor Co. on Thursday named former 2012 Republican presidential candidate and former Utah Gov. Jon Huntsman to its board of directors. The appointment gives Huntsman another job as he backs out of the public spotlight back into the private sector. And it gives Ford another established, high-profile board member with political ties.
A demonstrator's sign is seen outside the JPMorgan Chase annual shareholders meeting in New York's financial district

Negotiations in Europe, U.S. Lift Markets

Negotiations on both sides of the Atlantic Ocean, between Greece and its lenders and between big U.S. banks and the federal government, boosted the willingness of investors Thursday to move into risk assets, many of which posted gains.
Azerbaijan Tower

Azerbaijan Tower: The Next Tallest Building in the World? [SLIDESHOW]

A new contender for the world's tallest building has emerged. Avesta Group's Azerbaijian Tower is set to rise over a kilometer in height, to around 3,444 feet and 189 floors. It would surpass the 2,723-foot Burj Khalifa, currently the world's tallest building, as well as the planned Kingdom Tower.
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Wall Street Ticks Higher on Greek Deal

Stocks edged higher on Thursday after Greece reached a deal to secure a financial bailout, but investors took a wait-and-see attitude in a market that has become extended after weeks of gains.
Greece political leaders met Wednesday

Greece Bailout Deal Finally Reached

Following days of exhausting political drama, high-level brinkmanship and stern rhetoric in both public and private statements, the red-eyed leaders of Europe's leading financial institutions reached a deal Thursday with Greece's governing coalition to impose further austerity measures on that country in exchange for a €130 billion bailout ($172.56 billion).

U.S. Reaches Mortgage Deal with Top Banks

The announcement caps more than a year of chaotic negotiations among state and federal officials, and the banks, who have been accused of using robosigners and unlawful documentation to deal with a flood of foreclosures.
Chinese New Year 2012

China's CPI Up 4.5%, PPI Up 0.7% in January

China's inflation unexpectedly rebounded in January mainly due to gains in food prices and a weeklong holiday. Though this does not change the broader downward trend in inflation and provides room for Beijing to stimulate its economy if the Euro area experiences a sharp recession. It does support economists' view that Beijing will not put in place aggressive stimulus packages as it aims for a smooth leadership transition this year.

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