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Stock Market & Financial Investment News

News Breaks
February 22, 2013
05:57 EDTJCPJ.C. Penney cutting 300 workers this week at headquarters, NY Post reports
J.C. Penney CEO Ron Johnson is eliminating at least 300 jobs this week at the company's headquarters, New York Post reports, citing sources. The cuts amount to at least 10% of the staff at J.C. Penney's Texas headquarters. Reference Link
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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