Bull record
Stocks edged up on Wednesday, with the Dow rising for the ninth straight session to another record, to 14,455.28. The Dow’s rally marked the longest streak for the index since 1996.
Penney plan
JCPenney aims to reverse its “huge miss” with core customers last year by expanding private-label lines and reviving promotions, said CFO Ken Hannah, who also insisted that neither he nor CEO Ron Johnson has any plans to resign.
Red ink
The Treasury Department said that the US deficit grew in February by $203.5 billion, after a small surplus of $2.9 billion in January.
Eye spy
Online video service Netflix began offering subscribers the ability to peer into each others’ digital movie libraries through an expanded partnership with Facebook.
Gold games
The US Commodity Futures Trading Commission is “discussing internally” whether the daily price fixing of gold and silver in London is open to manipulation, the Wall Street Journal reported.