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Stock Market & Financial Investment News

News Breaks
January 16, 2014
08:28 EDTJCPMaxim still sees J.C. Penney running out of cash in Q3 of 2015
Maxim calls J.C. Penney's 33 store closings "much ado about very little" and says it still expects the retailer to run out of cash in Q3 of 2015. Maxim believes the foregone sales from the closed stores will make it more difficult for J.C. Penney to lever fixed costs. The firm keeps a Hold rating on the stock.
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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