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March 13, 2013
14:50 EDTJCP, VNOJ.C. Penney CFO: Vornado's Roth gave no indication he was going to sell shares
J.C. Penney (JCP) CFO Ken Hannah said he cannot speak for Steve Roth, but contended that Vornado's (VNO) sale of Penney shares may likely have been related to Roth's assumption of the CEO role at Vornado. In response to a separate question, Hannah said J.C. Penney is being "very aggressive" in response to a suit brought against it by bondholders claiming the company defaulted on obligations. Hannah made the comments at the Bank of America Consumer & Retail conference.
News For JCP;VNO From The Last 14 Days
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July 18, 2014
10:40 EDTJCPJ.C. Penney call active on renewed takeover chatter
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10:28 EDTJCPRumor: J.C. Penney moves up on renewed takeover chatter
July 13, 2014
15:18 EDTJCPJ.C. Penney CEO successor search faces setback, WSJ says
It appears that J.C. Penney (JCP) is not having an easy time of identifying a successor for current CEO Myron Ullman, says the Wall Street Journal. According to the WSJ report, Mindy Grossman, CEO of HSN (HSNI), who is considered the lead candidate for Ullman's position, had been in talks with J.C. Penney but could not agree on terms and negotiations broke down moths ago. Reference Link
July 10, 2014
06:28 EDTVNOOptions expected to be active
Options expected to be active: LL PBPB VNO FDO WFC COST ZUMZ UAL BA
July 9, 2014
17:41 EDTVNOVornado to acquire St. Regis Fifth Avenue retail for $700M
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12:05 EDTJCPStocks with call strike movement; JCP DDD
3D Systems (DDD) November 65 call option implied volatility decreased 2% to 47, J.C. Penney (JCP) November 11 call option implied volatility decreased 5% to 47 according to IVolatility.
09:07 EDTVNOVornado completes sale of Beverly Connection Shopping Center for $260M
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