| Oct 20, 2013
| 5:00 AM
Nothing seems to get U.S. corporations' dander up like a threat to the pay and perks of their chief executives.
That's one explanation for corporate America's superheated, turbocharged, over-the-top reaction to the CEO pay ratio rule recently proposed...
| Sep 26, 2013
| 11:10 AM
J.C. Penney publicly defended its trajectory Thursday after watching its stock plunge amid speculation that it needed another financing boost.
In a statement, the retailer said it is “pleased with its progress thus far in the company’s...
| May 1, 2013
| 12:31 PM
J.C. Penney is pleading publicly for its customers to come back to its stores, releasing a new commercial apologizing for a jumble of changes instituted by recently ousted chief executive Ron Johnson.
The 30-second video went live on YouTube, Facebook...
| May 24, 2013
| 9:03 AM
Procter & Gamble Co. wants to make something clear to investors: The replacement of Chief Executive Bob McDonald with his predecessor A.G. Lafley is not a death knell for the company.
Far from it, said Chief Financial Officer Jon R. Moeller in a short...
| Jul 31, 2013
| 4:25 PM
A group of black and white Sanford-area pastors united by the shooting death of Trayvon Martin reconvened Wednesday for a racial-reconciliation forum they hope will spread nationwide. They hope Sanford, which did not experience violence after the...
| Aug 1, 2013
| 9:11 AM
J.C. Penney Co. said a New York Post article on Wednesday reporting that commercial lender CIT Group Inc. had halted funds to some of its suppliers is untrue.
In a statement Thursday, J.C. Penney said that CIT “continues to factor and support...
| Aug 9, 2013
| 9:01 AM
Activist investor Bill Ackman and the board of J.C. Penney Co. are disagreeing -- very publicly -- about who should head the struggling retailer.
Ackman and the department store chain exchanged a volley of letters and statements this week, squabbling...
| Aug 12, 2013
| 2:04 PM
Office Depot's 1,700 employees in Boca Raton may soon know who their new boss is.
Office Depot and OfficeMax, which agreed to a $1.2 billion merger in February, said Monday that it has narrowed down its selection to five candidates of a new chief...
| Aug 13, 2013
| 6:54 AM
J.C. Penney’s turmoil at the top continued Tuesday as activist investor Bill Ackman stepped down from the board following a public disagreement over the struggling retailer’s choice of chief executive and chairman.
Ackman, whose Pershing...
| Aug 13, 2013
| 6:50 PM
Boardroom brawling at J.C. Penney Co. has claimed its latest casualty: activist investor Bill Ackman, who stepped down as a director after publicly voicing concerns about the struggling retailer's chief executive and chairman.
The department store chain...
| Aug 20, 2013
| 8:10 AM
J.C. Penney Co. on Tuesday reported yet another round of dismal quarterly earnings, disappointing Wall Street as the struggling retailer pushes through yet another turnaround effort pocked by infighting and investor concern.
In its second quarter (the...