NEW YORK, April 05, 2013 -Bestdarnpennystocks.com, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on J.C. Penney Company, Freeport-McMoRan Copper & Gold Inc, Wells Fargo & Co.
J.C. Penney Company, Inc.(NYSE:JCP) shares jumped 4.11% to $15.70. The company, on Mar. 27, said it had resumed a marketing strategy of raising prices and then discounting them on its own brands in a move to protectprofit margins and win back the bargain-conscious shoppers it lost last year.
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Additionally, the company’s Chief Executive Ron Johnson saw the value of his compensation plunge 96% last year, as he received little more than his straight salary after getting rich stock awards when he joined the retailer in 2011.
Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) stock fell 0.28% to $31.61. The company, on Mar. 29, announced the completion of the previously announced transaction for FCX and its joint venture partnrs toacquire from OM Group, Inc., a large scale cobalt chemical refinery located in Kokkola, Finland, and related sales and marketing business.
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The joint venture will operate under the name Freeport Cobalt and FCX will be the operator with an effective 56 percent ownership interest, with the remaining effective ownership interests held by its partners in Tenke Fungurume Mining, including 24 percent by Lundin Mining Corporation and 20 percent by La Générale des Carrières et des Mines (Gécamines).
Wells Fargo & Co(NYSE:WFC) shares decreased 1.71% to $36.78. Wells Fargo Commercial Banking, a part of Wells Fargo & Company, on April 4, has hired Keith Plummer as vice president and relationship manager. Hewill focus on building and serving middle market commercial customers in Chicago with annual revenues of at least $20 million.
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Additionally, the company on Mar. 15 announced that the Federal Reserve has not objected to the company’s 2013 capital plan. WFC now plans to raise its quarterly dividend from 25 cents to 30 cents per share. Thisdividend will be paid in the second quarter of 2013 and is subject to the approval of the company’s board.
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