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Stock Market & Financial Investment News

News Breaks
November 20, 2012
14:25 EDTJCPJ.C. Penney long term ratings downgraded by Moody's
Moody's downgraded J.C. Penney's long term ratings, including its Corporate Family Rating and Probability of Default Rating to B3. The rating outlook is negative. Moody's said it expects J.C. Penney's Q4 gross margins will severely decline given the company's need to clear excess inventory.
News For JCP 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

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