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FBN’s Sandra Smith on J.C. Penney shares declining on news President Michael Francis is leaving the company.
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I'm Sandra Smith your Fox Business -- Wall Street trading in -- -- rain today as concerns over the European debt crisis read on the markets here at home.
At the closing bell the Dow is down 25 points to 12100741.
The government program that helps struggling homeowners is actually boosting some big banks Wall Street Journal reporting revisions made to the federal home affordable refinance program.
Have driven a sharp increase in refinancing.
The revisions encourage banks to refinance borrowers who are current payments.
But owe more than their homes are work.
And shares of JC Penney down in extended trading following news president Michael Francis -- Leaving of the company effective today chief executive Ron Johnson -- in direct responsibility.
And we'll also oversees the company's marketing and merchandising.
And that is the latest from the Fox Business Network giving you the power to --
