Weather Alert

BERTHA QUICKLY HEADING WEST-NORTHWEST

Tropical Storm Bertha formed over the Atlantic Thursday night and is heading west-northwest.  It has winds of 45 miles per hour and is not forecast to become a hurricane. The storm is not forecast to move into the Gulf of Mexico.

WEATHER ALERT


TROPICAL STORM BERTHA

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JC Penny trying to raise cash

Troubled retailer JCPenney is planning to raise cash through a public offering of 84 million shares.

The department store chain says it will use the money it makes "for general corporate purposes."
   
JC Penney shares plunged earlier this week after reports they could be seeking to raise as much as one-billion dollars through the sale of stocks and bonds.
   
The retailer has been trying to bounce back from a rough year of sinking sales.