The boardroom drama may be over, but J.C. Penney is still grappling with an uncertain future.
Activist investor Bill Ackman said Friday he has lost confidence in J.C. Penney’s board and its chairman should be replaced.
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.
Susan G. Komen for the Cure announced Monday that it has a new CEO. The breast cancer charity named Judith A. Salerno to replace founder Nancy Brinker.
The president of the AFL-CIO is worried that the merger of American Airlines and US Airways will trigger a costly fight between two unions over representation of airline ground workers.
J.C. Penney is naming Mike Ullman as its new CEO. He takes over from Ron Johnson, who is leaving the company.
The word from J.C. Penney’s Chief Financial Officer Ken Hannah: neither he nor CEO Ron Johnson have plans to resign despite a growing chorus of critics calling for a management shake-up as they lose faith in a turnaround strategy.
It’s come down to press releases saying “Nothing is wrong, we’re getting along just great and focusing on the team.” Typically, that signals the end of the relationship, but we’re cynical and hope to be wrong.
When the airline filed for bankruptcy in November 2011, Tom Horton was simultaneously elevated to CEO. But from the minute he reached the top, a number of forces started converging against him.
Greg Creed, chief executive officer of Taco Bell, announced on “CBS This Morning” that Cool Ranch tacos are on the way.
Discount retailer Tuesday Morning has named former Big Lots Inc. executive Brady Churches as its new CEO.
A new hands-on education project had dozens of North Texas business executives busy this morning, volunteering at an elementary school in the Dallas Independent School District.