JC Penney shares hit record low as CFO quits

Shares of J.C. Penney tumbled on Friday as traders reacted to the resignation of the beleaguered retailer’s executive vice president and chief financial officer, Jeffrey Davis. Shares touched a record-low during Friday’s session. Ticker Security Last Change %Chg JCP J.C. PENNEY 1.66 -0.07 -4.05% Davis is leaving after just 14 months on the job to…

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Shares of biotech firm Geron fall 70% after Johnson & Johnson ends collaboration

Shares of biotech firm Geron crashed nearly 70 percent in premarket trading Thursday after Johnson & Johnson’s Janssen Biotech unit said it will end a partnership with the firm on the cancer drug imetelstat. “The decision not to continue the collaboration is the result of a strategic portfolio evaluation and prioritization of assets within the…

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