JC Penney's new exec; Heron Therapeutics drug; First Niagra looks at sale

Wed, Sep 23, 2015, 9:03 AM

Here are some of the stocks the Yahoo Finance team will be watching for you today.

JC Penney (JCP) The retailer is tapping insider John Tighe as its new chief merchant. He had been a senior general merchandise manager. Tighe replaces Liz Sweeney, who will retire from the company at the end of the fiscal year.

Heron Therapeutics (HRTX) The drugmaker is reporting positive results from its Phase 2 trial of a pain treatment for patients who have operations to remove toe bunions. Heron says the drug is promising as an option to potentially dangerous opioid treatments. It's been a good year for Heron Therapeutic investors...even before this news, shares have more than tripled in 2015.

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First Niagra Financial Group (FNFG) Reports say the Buffalo-based bank is exploring a sale or other opportunities. The news site DealReporter says potential suitors include New York Community Bancorp (NYCB), Toronto-Dominion Bank (TD) and Huntington Bancshares (HBAN).

Liberty Media (LMCA) The Financial Times reports the biggest commercial satellite operator, Intelsat (I), has approached Liberty Media and a French rival about selling off certain strategic assets. The paper says Intelsat wants to use the money to pay off some of its $14 billion in debt.

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JC Penney's new exec; Heron Therapeutics drug; First Niagra looks at sale

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