Vornado (VNO) Looks to Unload Massive JCPenney (JCP) Stake as Losses Become Too Much
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Bloodbath at JCPenney (JCP) Continues With Company Struggling to Mount Turnaround
March 7, 2013 7:19 AM ESTDoes the fun ever stop at JCPenney (NYSE: JCP)?
According to the NY Post, JCPenney has canned about 1,500 store-level managers and merchandising employees. News comes following reports that... More
Vornado (VNO) Affirms Selling 10M JCPenney (JCP) Shares; Avg. Price Was $16.03
March 5, 2013 5:24 PM ESTVornado Realty Trust (NYSE: VNO) affirmed selling 10 million JCPenney (NYSE: JCP) shares, as reported in an amended 13D filing Tuesday.
From the filing:
As of March 5, 2013, the Reporting Persons beneficially owned an aggregate of 13,400,000 Common Shares, which... More
Is Ron Johnson's Time Up at J.C. Penney's (JCP)?
March 5, 2013 3:37 PM ESTJ.C. Penney's (NYSE: JCP) Board of Directors may be finally taking matters into their own hands... According to late reports from the Wall Street Journal, the board could push for a sale of the company or seek to replace embattled CEO Ron Johnson.... More
UPDATE: BofA/Merrill Lowers J.C. Penny (JCP) Price Target to $13, May Tap Revolver This Quarter
March 5, 2013 10:58 AM EST(Updated - March 5, 2013 11:21 AM EST)
BofA/Merrill Lynch today maintained an Underperform rating on J. C. Penney (NYSE: JCP) and lowered its price target of $13.00 (from $16.00).
Analysts Lorraine Hutchinson said J.C. Penny was likely to draw down on its $1.85... More
Cramer: JCPenney (JCP) Needs to Win Martha Stewart (MSO) Trial (M)
March 5, 2013 8:21 AM ESTJim Cramer is out with a brief observation on the JCPenney (NYSE: JCP), Martha Stewart Omnimedia (NYSE: MSO), and Macy's (NYSE: M) litigation today.
From Cramer's... More
10 Million Share J.C. Penney (JCP) Stock Sale
March 4, 2013 5:02 PM ESTCNBC confirms 10 million share stock sale after the close in J.C. Penney. (NYSE: JCP). StreetInsider.com highlighted rumors of this earlier.... More
J.C. Penney (JCP) Falls to Lows on Rumors
March 4, 2013 3:39 PM ESTJ.C. Penney Co., Inc. (NYSE: JCP) accelerates sell-off into the close. Chatter of an equity offering. Shares down 6.4 percent.... More
