700 very large stores may completely vanish

J.C. Penney (JCP) will be a shell of its former self if it emerges from bankruptcy, retail experts tell Yahoo Finance, and there is a big question mark around the if component.

“J.C. Penney will look a lot different if they survive. Perhaps they could have 150 stores. It will look like a very different model just like what happened with Sears,” SW Retail Advisors chief Stacey Widlitz said on Yahoo Finance’s The First Trade.

Putting J.C. Penney in the same bucket as Sears isn’t exactly flattering.

Since emerging from bankruptcy last year, Sears has become even more irrelevant with shoppers as it operates a little more than 100 stores across the country. The company’s smaller store footprint relative to its heyday has lost its considerable cachet with suppliers and customers. And the model doesn’t afford Sears the scale needed to successfully compete with better capitalized

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ViacomCBS Stock Pops 10% As Chair Shari Redstone Calls It Undervalued At Annual Meeting

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Shares of ViacomCBS are surging 10% Monday, way outpacing an already buoyant market, as chair Shari Redstone told the company’s annual meeting that she’s committed to boosting shareholder value and a stock that’s been under immense pressure for months.

The shares are changing hands at about $19, well off a 52-week low of just over $10 – but still well under its highs. It was trading in the low $40 per share late last year.

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Share price was a major theme at the first shareholder meeting of a combined ViacomCBS, where Redstone made the comments, and a welcome one for investors looking for reassurance that theh interests of the company’s controlling stakeholder are aligned with theirs. Redstone does not speak publicly very often. She called the shares dramatically undervalued, the times “extraordinary” and the company a “global, multi-platform content powerhouse.”

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Here’s Why You Should Add Nasdaq (NDAQ) to Your Portfolio

Nasdaq NDAQ is well-poised for growth based on organic initiatives, strategic buyouts, and solid capital position.

Shares of Nasdaq have gained 4.6% year to date against the industry’s decline of 0.7%. The Zacks S&P 500 composite has risen 11.1% in the said time frame. The Zacks Consensus Estimate for 2020 and 2021 earnings indicates 11.2% and 4% growth, respectively, from the year-ago reported figure. The expected long-term earnings growth rate is 8.8%, higher than the industry’s average of 6.8%.

The company’s return on equity of 16.1%, which has improved over the past seven years, remains higher than 12.2% for the industry, reflecting the company’s tactical efficiency in using shareholder’s funds.

Nasdaq’s impressive growth is driven by organic growth and strategic acquisitions. While the company has increased focus on Market Technology and Information Services businesses, offering the biggest growth opportunities, its organic growth has aided by its strategy of accelerating its

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In twist, dozens of Los Angeles restaurants oppose delivery app fee cap

Some L.A. restaurants don't support capping delivery app fees at 15%. Sichuan Impression is one of the restaurants that signed a petition in opposition to the fee cap. Pictured is an order of boiled fish with rattan pepper and dumplings from the location in Alhambra. <span class="copyright">(Amy Scattergood / Los Angeles Times)</span>
Some L.A. restaurants don’t support capping delivery app fees at 15%. Sichuan Impression is one of the restaurants that signed a petition in opposition to the fee cap. Pictured is an order of boiled fish with rattan pepper and dumplings from the location in Alhambra. (Amy Scattergood / Los Angeles Times)

In an unexpected move, more than 20 Los Angeles restaurants, including Canter’s, Sichuan Impression and Sweetfin, have signed a petition opposing a City Council proposal to cap third-party delivery app fees.

It’s a stance that’s in direct opposition to many other restaurant owners, who have slammed the delivery apps for gouging them with commission fees that can reach as high as 30%. It’s especially shameful, they’ve said, during a time when restaurants are being crippled by the forced shutdown of their dining rooms.

The petition comes a few weeks after Los Angeles Councilman Mitch O’Farrell proposed an ordinance that

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