Hints and tips:
...A few weeks ago, there was an outcry after Apollo Global Management offered Yellow Corporation, the recently bankrupt trucking company, a $142.5mn DIP loan that came with a fee as high as $32mn....
...Penney enters asset purchase agreement with Brookfield, Simon (Reuters) Siemens agrees to sell Flender to Carlyle Group in $2.4bn deal (Reuters) Insider Inc buys majority stake in Morning Brew in all-cash...
...That group included such well-known names as Sears Holdings, JC Penney, HP Inc, CBS, Macy’s, Nordstrom, Motorola, IBM, Symantec, Xerox, Office Depot, VeriSign and Target Corporation....
...TheAmplify, an internet marketing agency, works with brands including 20th Century Fox and US retailer JC Penney to analyse how people are talking about their brands on social media....
...Analysts at UBS downgraded JC Penney to “sell” from “neutral” and lowered their price target to $5 from $10....
...JC Penney shares slid 2 per cent to $9.50. Coca-Cola agreed to pay $2.15bn for a 16.7 per cent stake in Monster Beverage, sending shares of the latter up 27 per cent to $90.73....
...He cites Bill Ackman’s Pershing Square which, together with Vornado Realty Trust, was able to acquire 27 per cent of the retailer JC Penney before having to disclose its stake. ....
...One of the week’s biggest risers was JC Penney, which added 0.4 per cent to $14.27 on Friday....
...JC Penney was also among the stronger performing stocks, up 8.8 per cent to $7.39....
...JC Penney shares declined 3.3 per cent to $8.43. The retailer’s credit rating was downgraded to junk status by Fitch Ratings, which slashed its grade to “CCC” from “B-”....
...Others include Apple, Dell, Starbucks, JC Penney and, most recently, Procter & Gamble, which last month brought back AG Lafley as chief executive....
...JC Penney shares jumped 10 per cent in after-hours trading after CNBC reported that Ron Johnson was ousted as CEO....
...Back in May, Ackman was all excited about his contrarian JC Penney trade, expecting the new management to turn this perennial under-performer around....
...JC Penney shares tumbled 11.2 per cent to $25.83, making it the worst performer on the S&P 500 index on Thursday, as investors appeared unconvinced by the retailer’s presentation of its revamped stores....
...JC Penney rallied, adding 4.6 per cent to $18.32, while upmarket rival department stores Saks and Nordstrom rose 4.1 per cent to $10.87 and 2.4 per cent at $55.20 respectively....
...Bill Ackman, head of Pershing Square, ran the crowd through his case for JC Penney, a timely presentation as the company had plunged by a fifth on Wednesday following poor results, but Mr Ackman’s liking...
...JC Penney shares fell 3.7 per cent to $21.88, and Kohl’s Corporation shares also fell 2.5 per cent to $44.26. Lowe’s stock dropped 3.5 per cent to $27.62 and Home Depot shed 2.6 per cent to $51.65....
...JC Penney ’s shares, which tumbled during the previous session after the department store chain’s president abruptly left, rallied 4 per cent to $23....
...Mike Ullman, chief executive of JC Penney, a mid-range department store that sells brands including Liz Claiborne and Dockers, predicted last week that clothing prices across the sector would rise by between...
...Also disappointing were drugstore Walgreen, which fell 1.1 per cent to $28.20, and clothing retailer JC Penney, which slid 5.9 per cent to $22.54. But Abercrombie & Fitch and Macy’s beat expectations....
...Macy’s lost 2.4 per cent to $22.94, Nordstrom declined 1.3 per cent to $42.01, and JC Penney fell 1.8 per cent to $30.96. Industrial conglomerates were some of the S&P 500’s biggest risers....
...JC Penney shares lost 2 per cent to $29.49 after it reported an 8.2 per cent fall in same-store sales. Sales at luxury retailer Saks declined 27 per cent, and its shares lost 0.3 per cent to $4.04....
...Penney, Kohl’s and Macy’s to secure exclusive brand deals to attract custom....
...Major retailers, such as Home Depot, Zales and Starbucks are also closing stores, and others such as JC Penney are holding back on renewing existing leases or store openings....
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