Prudential Insurance will take over J.C. Penny's administration and benefit payments to retirees to cut its pension obligation.» Read More
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Before the start of JC Penney’s analyst day, William Ackman, largest holder of of JCP shares and Board Member, told CNBC it would be the most important day for retail in 25 years. Now that is a lot of pressure. Today is day two.
CNBC's Gary Kaminsky and Herb Greenberg discuss JC Penney chief operating officer's 2012 earnings per share guidance of $1.59 versus $1.25.
J.C. Penney's new pricing strategy is "the first key step in the transformation" of the retailer, CEO Ron Johnson told CNBC Wednesday.
Insight on the lessons learned from his work at Apple are being applied to his new role at J.C. Penney, with Ron Johnson, J.C. Penney incoming CEO, who discusses the retailer's new look to revive its brand.
CNBC's Courtney Reagan has the details on J.C. Penney's plans to revive itself with a new look.
J.C. Penney plans to add jobs over the next five years, says William A. Ackman, Pershing Square Capital Management founder/CEO.
The strategy behind J.C. Penney's re-branding and the re-investment in the retailer, with William A. Ackman, Pershing Square Capital Management. Ackman also discusses his investment in Canadian Pacific and strategies for leadership in change in the rail company.
Huge pay packages such as retention deals and bonuses for incoming, current, and even exiting CEOs have critics calling corporate boards "tone deaf," USA Today reports.
The “Mad Money” host has a good feeling about the retailer.
Will JC Penney's new CEO, Ron Johnson be able to turnaround the ailing retailer? Mad Money's Jim Cramer, says it will take at least 18 months for this company to get better.