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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."

Apple Apologizes in China Following Criticism by State Media

Apple apologized to Chinese consumers after government media attacked its repair policies for two weeks in a campaign that reeked of economic nationalism.

5 Big Winners and Losers of the Week in Business

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 TV Comes a Step Closer to Home Entertainment Reality

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.

12 Holiday Cyber Scams to Watch Out For

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.

Big Oil Isn't as Profitable as Everyone Thinks

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.

What JCP's CEO Has to Say About Falling Sales and Rising Cynics

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.

Wall Street Watch: Day 2 of the IPO Party Has Been Canceled

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.

5 Ways That the iPhone 5 Will Change the World

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.

Before iPhone Announcement, Apple Store Is Down

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's Mobile Payment Test: Checking Out 'Scan and Go'

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.

Wall Street Watch Tuesday: Apple is the Greatest of All-Time

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.

Back-Door Deals: 5 Ways to Save Big by Outwitting Big Companies

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.

4 Tips to Beat the Back-to-School Shopping Blues

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.

Call It the 'Jean-ius Bar': A Sneak Peek at Penney's New Levi's Shop

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.

J.C. Penney's Latest Leap: Retailer to Ditch Cash Registers, Cashiers

J.C. Penney may have backpedaled on eliminating sales, but it's still trying to redefine retail, and its next big change may feel equally radical: The chain will get rid of all of its cash registers, checkout counters and cashiers by 2014, says CEO Ron Johnson.

Remember When Apple Was the J.C. Penney of the Tech World?

There's no question that what Apple has accomplished in the past 15 years is truly remarkable. But even more remarkable is where Apple was when Steve Jobs returned to the company in 1997 -- struggling to even survive.

Apple Store Employees to Get $4 Per Hour Raise

Apple's retail stores are giving employees raises today, according to a source -- at least $4 per hour for every employee.

This Retailer Just Flat Out Stinks

Investors figured that new J.C. Penney CEO Ron Johnson's "Fair and Square" pricing strategy wouldn't be a hit right away, but no one expected the recently remodeled department store chain would be this earnings season's biggest disaster.

Apple Sets a New iPad Sales Record

Apple announced that it sold 3 million new iPads over the weekend -- a new record for the tech giant's tablet line.

Don't Buy a 'New iPad': Apple Cuts Price of iPad 2 to $399

Apple unveiled its new iPad with its usual pizzazz, and fans will probably rush to pre-order the snazzy new tablet. But if you don't need the absolute latest bells and whistles, the real news is that you can get an iPad 2 now at a very sweet price.

5 Things You Need to Know About the iPad 3

Everybody's been expecting Apple's third generation iPad to hit the market in March, and come Tuesday, that's exactly what will happen. But before you start camping in front of your local Apple Store, let's answer your five most-burning iPad questions.

Is an Amazon Store in the Real World a Good Idea?

Soon, you might be able to buy a new Kindle at an actual, brick-and-mortar Amazon Store. The e-commerce giant is reportedly opening its first pilot store in Seattle. It's an intriguing idea, but the real question is: Why would Amazon want to?

Why J.C. Penney Will Never Be Great Again

J.C. Penney's new CEO plans to remake the tired old department store chain a la the Apple Store and Target, and his fresh ideas are earning him applause. But as investors and industry watchers cheer Ron Johnson's turnaround concepts, they're ignoring some big potholes on the road ahead.

How J.C. Penney Just Might Transform the Way We Shop

New CEO Ron Johnson's plan to revamp J.C. Penney is seriously ambitious. No more coupons, almost no more sales, and a complete rethink of the department store model. So why does he think he can pull it off -- and with a chain that has lagged its rivals? Because maybe he can. Here's why: