The CEO of American Airlines received compensation valued at $12.3 million last year and will stop drawing a salary and instead be paid entirely in company stock.
S&P Dow Jones Indices says that American Airlines Group will soon be joining the S&P 500 index.
Shares in J.C. Penney Co. are tumbling in aftermarket trading after the department store chain posted disappointing results for its key holiday-shopping-season quarter.
J.C. Penney Co. plans to sell up to 96.6 million shares of common stock in a public offering, the latest indication the chain is looking to shore up its cash reserves.
The boardroom drama may be over, but J.C. Penney is still grappling with an uncertain future.
Shares of J.C. Penney fell 10.6 percent on Tuesday to a four-year low after media reports said a large shareholder sold a chunk of the struggling retailer’s stock.