CBS 11 Header TXA 21 Header MeTV Header KRLD Header The Fan Header
BREAKING: Dallas County Commissioner John Wiley Price arrested | MORE
CBS DFW WEATHER APP: iPhone App Store | Android App Coming Soon | More Information

Local

JCP Shares Up After Reports Of New CEO Search

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

From Our CBS Music Web Sites

625x352 thrill eng preview JCP Shares Up After Reports Of New CEO SearchWin A Trip To Disneyland!

82641739 10 JCP Shares Up After Reports Of New CEO SearchHottest Sunbathers Of The Summer

451506504 JCP Shares Up After Reports Of New CEO SearchJennifer Lopez Bikini Pic Is HOT

 alt=What Did Jerry Jones Say?

 alt=Musicians Then And Now

Fantasy_tile

VOTE: Best Coaches In American Sports

NEW YORK (CBSDFW.COM/AP) — Shares of J.C. Penney shares jumped 7 percent after a media report that the retailer is starting a new CEO search to replace Mike Ullman.

Ullman retook the reins in April after Penney CEO Ron Johnson was ousted after 17 months on the job after a radical makeover of the chain failed to boost results.

A cable business network reported that the Plano-based company is seeking a new CEO and activist investor Bill Ackman sent a letter to J.C. Penney’s board saying the process should be sped up. Former J.C. Penney CEO Allen Questrom said in an on air-interview he would consider coming aboard as chairman.

Ackman’s Pershing Square had no immediate comment. Questrom and representatives for J.C. Penney could not immediately be reached.

Shares of Penney jumped 7.1 percent to $13.71.

Latest News:

Top Trending: