| Saks Incorporated (NYSE:SKS) jumped by 4.47% to | | | | 5.40% to $23.47. Till now, 1.72 million shares have |
| $7.95 on over 2.83 million shares. The company said | | | | already been traded as compared to its daily average |
| Tuesday its second-quarter net loss narrowed to | | | | volume of 676K shares. The company said its second |
| $32.2 million or 21 cents a share, from a loss of $54.5 | | | | quarter profit declined from last year, hurt by higher |
| million, or 39 cents a share, in the year-ago period. | | | | expenses partially offset by revenue growth. |
| Sales for the New York retailer rose to $593 million | | | | Net income attributable to the company's |
| from $565 million. | | | | shareholders was US$29.0 million or US$0.55 per ADS, |
| Excluding a one-time charge, Saks said it lost 13 cents | | | | compared to US$38.4 million or US$0.72 per ADS in |
| a share, while analysts polled at FactSet Research | | | | the prior year quarter. |
| were looking for a loss of 17 cents a share, on | | | | Penny Stock Chaser |
| average. | | | | William Cobb, the former president of eBay Inc.'s U.S. |
| Penny Stock Chaser | | | | Marketplaces division, was elected to the board of |
| The TJX Companies, Inc. (NYSE:TJX) gained 1.55% to | | | | directors at H&R Block Inc. |
| $42. It touched the day high of $42.50 whereas total | | | | Company leaders hope his expertise can help |
| traded volume stands at 3.01 million shares for the | | | | H&R Block (NYSE: HRB) improve performance in |
| day. The company said Tuesday its fiscal | | | | the increasingly important digital segment, which |
| second-quarter earnings rose to $304.9 million, or 74 | | | | includes programs that let consumers prepare taxes |
| cents a share, from $261.5 billion, or 61 cents a share | | | | online. |
| in the year-ago period, citing higher customer traffic. | | | | At eBay, Cobb was responsible for more than $25 |
| Quarterly net sales rose 7% to $5.1 billion, as each of | | | | billion in gross merchandise sales, $2.6 billion in revenue |
| the U.S., Canada, and Europe segments brought in | | | | and more than 5,000 associates. He also oversaw |
| higher revenue. Total same-store sales rose 4% for | | | | affiliated businesses such as StubHub, and During his |
| the quarter. | | | | eight years at eBay, Cobb also was general manager |
| Analysts, on average, expected the discount retailer | | | | of eBay International and head of global marketing |
| to earn 73 cents a share, according to FactSet | | | | for eBay. |
| Research. | | | | Before his time at eBay, Cobb held senior marketing |
| Penny Stock Chaser | | | | positions at Pepsico/Tricon, which now is YUM |
| Pacific Ethanol Inc (NASDAQ:PEIX) skyrocketed | | | | Brands. For more than 12 years, he handled |
| 39.58% to $0.726 on over 14.80 million shares. The | | | | marketing for companies such as KFC International, |
| company reported net income available to common | | | | Pizza Hut International and Taco Bell International. |
| stockholders for the second quarter of $107.8 million | | | | Penny Stock Chaser |
| or $1.43 per share, compared to a net loss available | | | | Cobb holds director positions at Orbitz Worldwide, |
| to common stockholders of $28.2 million or $0.49 per | | | | Pacific Sunwear of California and Och-Ziff Capital |
| share for the year-ago quarter. | | | | Management Group. |
| Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD) lost | | | | |