JC Penney (NYSE:JCP) Executives Having a nice Time in Air, PetroChina Co. Ltd. (NYSE:PTR) Quarterly Profit Slips

Stockholders at JC Penney (NYSE:JCP), who have witnessed the worth of that stock decline almost 18% so far in 2013, might not be too happy with news that few top executives at the under pressure retailer are flying the friendly skies to move to work.

In an article named as “J.C. Penney High-Flying Executives Seen Hampering Revamp,” Bloomberg announced on Thursday that the firm is paying for almost nine executives to travel from far-flung cities to its Plano, Texas HQ.

At the current trading session, J.C. Penney Company, Inc (NYSE:JCP) shares are down -1.61% to $15.91 while the stocks are trading within the range of $15.79 – $16.15. In the past year, the stock has traded within a range of $14.20 – $37.46. The current session’s volume of 970,887.00 shares is lower from their average daily trading volume of 17.00 million shares.

PetroChina Co. Ltd. (NYSE:PTR) Thursday reported that its net profit plunged 13% previous year, even as revenue jumped up on superior crude oil output.

China’s biggest registered oil firm by output announced net profit of 115.33 billion yuan (US$18.56 billion) for the 12 months concluded Dec. 31, in contrast with CNY132.96 billion the year ago same quarter. Revenue jumped up 9.6% to CNY2.2 trillion due to hikes in the selling prices of oil products.

PetroChina Company Limited (ADR) (NYSE:PTR) shares are down -0.64% to $133.94 while the stock is trading within the range of $132.72 – $133.95 in the current trading session. In the last 12 months the shares have traded between $116.35 and $151.75. The current session’s volume of 5,977.00 shares is lower from their average daily trading volume of 84,212.00 shares.

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