Greece gutted
Standard & Poor’s cut Greece’s sovereign long-term foreign currency credit rating to “selective default” from an already low “CCC” rating.
Penney woe
JCPenney said in a regulatory filing that its operating efficiency may be hurt after it fired employees while others left voluntarily.
Way to joe!
Starbucks plans to open 3,000 locations in the Americas region by 2017 as the world’s largest coffee-shop operator accelerates development.
Weak jobs
The ADP National Employment Report, which is closely watched as it comes two days ahead of the government’s monthly report, showed that the private sector added 118,000 jobs during November, below expectations for a gain of 125,000.
Bad Apple
Apple shares fell 6.4 percent, the most in almost four years, to $538.79, on concern it will lose ground in smartphones to Nokia in China while giving up market share to Google in tablets. China Mobile agreed to carry Nokia’s Lumia 920T.