J.C. Penney's announcement on Monday that it has secured a five-year, $1.75 billion loan from Goldman Sachs gives the struggling retailer a cushion as it struggles to return to positive earnings, one analyst said.
Cooler than usual weather is taking a bite out of retail sales in the Northeast. The situation could impact first quarter margins – when retailers report quarterly earnings.
Liz Dunn, Macquarie Capital analyst, weighs in on whether the additional capital will be enough for the retailer to implement its turnaround plan.
If economic reports being released this week are positive, the market may climb for the rest of the year as cheap money drives investments, CNBC's Jim Cramer said Monday.
The financing, secured by Penney's real estate, comes as retailers prepare to place orders for the year-end holiday period.
Stocks finished narrowly mixed in lackluster trading Friday, with the S&P 500 and the Nasdaq snapping their five-day winning streak, after a pair of weaker-than-expected economic reports discouraged buying.
George Soros has become what looks to be JC Penney's fourth biggest investor, reports CNBC's Kate Kelly, and Daryl Jones, Hedgeye Risk Management.
Goldman Sachs has secured $1.75 billion in financing for struggling department store chain JC Penney, according to capital markets sources.
George Soros disclosed a huge stake in JC Penney, and one big options trader is using the news as a reason to get into the stock.
Some of the names on the move ahead of the open.
Shares of beleaguered retailer JC Penney rose more than 7 percent in after-hours trading on Thursday after billionaire financier George Soros disclosed a 7.9-percent stake.
Check out which companies are making headlines after the bell Thursday:
Dissecting the day's major business news, with the "Fast Money" traders; and CNBC's Kate Kelly has the details of George Soros' passive stake in JC Penney.
CNBC's Kate Kelly reports big news on JC Penney. An SEC filing shows George Soros is reporting a 7.9 percent passive stake in the stock.
News that breaks on Twitter is now news that moves the markets, sometimes even when it's not news. Here's a look at some tweets that affected trading.
Best Buy's CEO says the early results are "positive" for its new Samsung shop-in-shops.
Morgan Stanley has lowered its price target for JC Penney to $9. Jan Kniffen, Worldwide Enterprises CEO, discusses whether the company can be saved.
Several banks, including Goldman Sachs and JPMorgan Chase, have proposed loans in the range of $500 million to $1 billion that would be secured by the company's real estate, according to sources familiar with the matter.
Check out which companies are making headlines before the bell on Friday:
J.C. Penney says two top executives, Michael Kramer, chief operating officer, and Dan Walker, chief talent officer, have left the company.