August 20, 2013

J.C. Penney Co. posted a wider-than-expected loss in the second quarter on a nearly 12% drop in revenue. But even though Penney’s results were worse than expected, there were small signs that interim CEO Myron Ullman may be starting to stop the bleeding related to former CEO Ron Johnson’s failed transformation of the chain.

August 13, 2013

J.C. Penney Co. announced that activist investor and hedge fund manager Bill Ackman has resigned from the board of directors of the company, effective Aug. 12.

September 2, 2011

Starbucks CEO Howard Schultz has never shied away from supporting causes he believes in. But he has really gone on the offensive with his latest passions: political gridlock and the jobs crisis.

January 24, 2011

J.C. Penney on Monday unveiled a restructuring plan, which includes close five department stores and one home store, because they are no longer profitable enough.

July 1, 2010

Seems everyone has felt the economic crisis in his wallet. Unemployment remains high, wages...

January 30, 2008

New York City, ...