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$JCP approved in Jan. and during 2Q15 the closing of 41 department stores with closing dates all to occur during FY15. $JCP incurred $29MM charges during 1H15 related to employee termination benefits and lease termination costs associated with the closure of 39 of the 41 stores. $JCP implemented management changes ensuing in $7MM costs in 1H15.
What will be an ideal EPS range for $PZZA in its earnings today?
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.