JCPenney Losses More Than Tripled Ahead Of Bankruptcy FilingSales plunged and losses soared at Plano-based JCPenney in the three months before its bankruptcy filing.
Low Trading Price Could Get JC Penney Kicked Off New York Stock ExchangePlano-based J.C. Penney Co. is being warned that its stock could be removed from the New York Stock Exchange for trading below $1 for too long.
JC Penney Responds To Investors' Debt Restructuring ConcernsPlano-based J.C. Penney says it hasn't hired any advisers to prepare for an in-court restructuring or bankruptcy.
White-Collar Jobs On The Chopping Block As Ford Cuts 7,000 PositionsFord says it i undertaking a major restructuring, and on Monday said that it will have trimmed thousands of jobs by August.
Nike To Slash 1,400 Jobs, Cut Sneaker Styles In ShakeupThe sneaker maker said Thursday that it plans to focus on the hottest-selling sneakers, slash the number of styles it offers and sell more shoes directly to customers online as part of a restructuring in which it also will cut about 1,400 jobs.
American Eagle Proposes Slashing $75M In Labor CostsAmerican Eagle Airlines is proposing a slash of $75 million in yearly employee costs. It's all part of the regional airlines' restructuring plan outlined Wednesday morning.