Topic: Myron Ullman
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J.C. Penney: $1.75B loan coming from Goldman Sachs
J.C. Penney: $1.75B loan helps lift J.C. Penney share prices on Monday. Goldman Sachs is behind the $1.75B loan, and George Soros bought a major stake in the retailer last week.
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J.C. Penney's surprise investor: George Soros
J.C. Penney's shares rose 6 percent Thursday, after billionaire financier George Soros revealed he owns almost 8 percent of the troubled retailer.
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J.C. Penney borrows $850 million: Is it enough?
J.C. Penney has pulled $850 million from its revolving credit line to be able to pay its vendors, increasingly skittish after J.C. Penney's failed attempts at a turnaround.
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JCPenney ousts CEO: Is it too late for the company?
JCPenney has fired CEO Ron Johnson after 17 months, following a disastrous 'no sales' pricing scheme and a muddled rebranding effort. As JCPenney struggles to curb losses and keep up with competitors, is the end near for the 111-year-old retailer?
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