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MARKETS LIVE BLOG:

STOCKS RISE AS DOW EYES EXTENDING 6-DAY WIN STREAK

U.S. jobless claims hit highest level since August 2023

Big Movers: Suntech Power Holdings Co, J.C. Penney Company, Herbalife Ltd

ACCESSWIRE

NEW YORK, April 09, 2013 -Bestdarnpennystocks.com, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on Suntech Power Holdings Co, J.C. Penney Company, Herbalife Ltd.

Suntech Power Holdings Co., Ltd. (ADR)(NYSE:STP - News) shares climbed 26.96% to $0.609. The company, on April 9, announced that it has been notified by the New York Stock Exchange (the “NYSE”) that the Company did not meet the NYSE’s price criteria for continued listing standard because, as of April 4, 2013, the average closing price of the Company’s American Depositary Shares, or ADSs, was less than $1.00 per ADS over a consecutive 30-trading-day period.

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Additionally, the company on Mar. 21 announced that the Wuxi Municipal Intermediate People's Court in Jiangsu Province, China has formally accepted the petition for the insolvency and restructuring of the Company's Chinese
subsidiary Wuxi Suntech Power Co., Ltd. ("Wuxi Suntech"). The Court has appointed an administration committee, consisting of local government representatives and accounting and legal professionals, to administer the
restructuring of Wuxi Suntech.

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J.C. Penney Company, Inc.(NYSE:JCP - News) shares fell 10.71% to $14.17. The board of J.C. Penney Co Inc is facing scathing criticism from investors and corporate governance experts after ousting Chief Executive Ron Johnson and replacing him with his own embattled predecessor, Myron Ullman.

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Additionally, the company, on Mar. 27, said it had resumed a marketing strategy of raising prices and then discounting them on its own brands in a move to protect profit margins and win back the bargain-conscious
shoppers it lost last year.

Moreover, the company’s Chief Executive Ron Johnson saw the value of his compensation plunge 96% last year, as he received little more than his straight salary after getting rich stock awards when he joined the retailer
in 2011.

Herbalife Ltd. (NYSE:HLF - News) stock fell 1.25% to $37.91. The company will release its first quarter 2013 financial results after the close of trading on the NYSE on Monday, April 29, 2013.

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Additionally, the company on April 9, announced that KPMG LLP notified Herbalife on April 8, 2013 that KPMG was resigning, effective immediately, as Herbalife's independent accountant. KPMG stated it had concluded it was not independent because of alleged insider trading in Herbalife's securities by one of KPMG's former partners who, until April 5, 2013, was the KPMG engagement partner on Herbalife's audit.

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