Markets Down on Greece, Fed Statement (JCP, LUV)

  PUBLISHED ON: May 16, 2012
Stocks were down again today as the Federal Reserve warned of an impending fiscal tightening, and the situation in Greece remained unresolved.  In corporate news, J. C. Penney (JCP) took $163 million in losses in Q1. Southwest Airlines (LUV) had to delay delivery on 30 jets in order to save an estimated $1 billion.

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