Is J.C. Penney CEO Ron Johnson Losing His Biggest Backer?
Bill Ackman, the hedge fund manager who hand-picked Ron Johnson to lead JC Penney, now says the turnaround has been "close to a disaster."
Bill Ackman, the hedge fund manager who hand-picked Ron Johnson to lead JC Penney, now says the turnaround has been "close to a disaster."
Apple apologized to Chinese consumers after government media attacked its repair policies for two weeks in a campaign that reeked of economic nationalism.
This week's interesting tidbits from the business world include a plucky upstart cashing in on a banned Super Bowl ad, and a misguided analyst's too-clever case for upgrading a faltering retailer. Here are our five favorite winners and losers.
Apple is testing smart TV designs with major Asian component suppliers, The Wall Street Journal reports. And executives at some suppliers for the world's most valuable tech company are confirming that designs for a large-screen high-def television are in the works.
As more consumers pick up their smartphones and tablets to go holiday shopping, cyber crooks are trying just about everything to dupe them out of their hard-earned money. To keep you protected, we asked an online security expert to list the season's hottest scams and how to avoid them.
Americans spend a lot of money on oil: about $632 billion a year. And the big oil producers report eye-popping annual profits, like ExxonMobil's $41 billion in 2011. Numbers like that may make you feel like we're getting robbed at the pump ... but it's not that simple.
Nearly a year after taking over as CEO of J.C. Penney, Ron Johnson seems all too aware that his image as a retailing miracle worker has been seriously tarnished. But he's not worried about the backward thinking naysayers -- and he's still determined to prove the skeptics wrong.
It had been more than a month since a company had gone public on a stateside exchange, but that dry spell ended with a bang when Trulia began trading on Thursday. On Friday, Smith Electric Vehicles, a maker of plug-in commercial trucks, was all set to follow suit ... until Thursday evening.
Apple has finally introduced the iPhone 5. Smartphone fans and Apple investors are naturally excited: The very nature of the shiny new handset and the bar-raising nature of some of its features will send out ripples far beyond Cupertino.
And so it begins. In typical Apple fashion, the Apple Store has now gone down in advance of today's Apple press event (yes, "event," not "press conference") here in San Francisco.
Walmart is testing a new mobile checkout system. With Scan and Go, customers will be able to scan items with their smartphones as they shop, then pay quickly at kiosks, skipping the checkout line. But the program could be less about making it easier for shoppers to pay, and more about getting you to spend more.
There has never been a more valuable company than Apple right now. Worrywarts point to the story of MIcrosoft as a cautionary tale, but there are big differences.
Shhhhh ... we have a few savings secrets to share, and they have nothing to do with coupons, daily deals or bargain bins. Brad Wilson of deal-hunting site Bradsdeals.com clues us in to these back-door ways to save that retailers probably don't want you to know.
Ready or not, it's time for back-to-school season. Like the Christmas shopping season, it seems to begin earlier every year, and you have to play the game if you want to catch the sales. Or do you? Personal finance guru Jean Chatzky has some surprising advice for parents.
The Apple-ization of J.C. Penney continues. The department store unveiled its new shop concept Monday, showing off -- among other things -- a 1,500-square-foot men's Levi's store with an exclusive "denim bar" that evokes Apple's fabled Genius Bar.













