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JC Penney's new CEO readies for the challenge

Marvin Ellison takes over as JC Penney's new CEO as the company faces challenges in retail from foreign competition and e-commerce.
Source: CNBC.com | By: Courtney Reagan
NYC: Upgrading your home is about to get easier

Lowe's is opening two Manhattan locations over the next few months, its first stores in a walkable city.
Source: CNBC.com | By: Krystina Gustafson
Top 5 stocks of the week and how to trade them

CNBC Pro highlights the top performing stocks this week and analyzes whether the good times will continue.
Source: CNBC.com | By: Giovanny Moreano
Merchants seek to void $6B credit card settlements

Dozens of retailers are seeking to void nearly $6 billion of U.S. antitrust settlements with Visa, MasterCard, and American Express.
Source: Reuters
Merchants seek to void $6 bln Visa, MasterCard, AmEx settlements

NEW YORK, July 29- Dozens of retailers are seeking to void nearly $6 billion of U.S. antitrust settlements with Visa Inc, MasterCard Inc and American Express Co after learning that opposing lawyers exchanged confidential information, potentially tainting the accords. A group of retailers filed papers that remain under seal in the Brooklyn, New York federal...
Source: Reuters | By: Jonathan Stempel
LG Electronics reports 45 percent plunge in 2Q earnings

SEOUL, South Korea- LG Electronics said Wednesday its second quarter earnings sank 45 percent over a year earlier as losses widened in its TV business and mobile phones earned little income. The company reported a net profit of 226.4 billion won for the April-June quarter, compared with 411.8 billion won a year earlier. LG's TV business, the world's...
Source: The Associated Press
Visa and Mastercard settlement in jeopardy  

Emails between lawyers threaten a $6 billion settlement.
Source: CNBC.com
Cramer: Here's why you care about China  

Jim Cramer thinks the stock market madness in China makes a bigger impact on your money than you might expect.
Source: CNBC.com
Inside New York's quirkiest workspace

A tour of startup Quirky reveals a highly unique office space, but the recent layoffs at the company highlight the volatility of startups.
Source: CNBC.com | By: Uptin Saiidi
Disney CEO Iger: ESPN could one day be sold direct

Disney chief Bob Iger says ESPN could be eventually sold directly to consumers. He also talked China, technology and "Star Wars."
Source: CNBC.com | By: Matthew J. Belvedere