Months ago, JCPenney CEO Ron Johnson and his team decided to take the word "sale" out of the company's lexicon and replace it with "month-long value." It didn't work at all, and now Johnson and his team are backtracking.
The sale is part of AT&T's strategy to jettison shrinking parts of its business so it can focus on segments that are growing, particularly its wireless business
Popular daily-deal sites, such as Groupon and LivingSocial, work with businesses to offer group discounts for shoppers. But a new site called oBaz, which launches Tuesday, wants to reverse the model by enabling shoppers to ask for what they want.
Most subscribers to Dish Network probably picked the satellite television provider based on its low cost. But now that Dish has purchased the library of one-time movie rental powerhouse Blockbuster, it's poised to compete with the likes of Netflix for the streaming-video market.
Wendy's/Arby's Group, the third-largest U.S. fast food company, said Thursday it is considering selling the Arby's chain to focus on the Wendy's brand. Arby's is the second-largest quick-service sandwich chain in the U.S., but its performance lagged behind Wendy's during the downturn.
Social networking pioneer MySpace could find itself going solo again soon. Its owner, News Corp, is considering a potential sale or spin-off of the social network as it looks for a way to stem the tens of millions of dollars in losses it's taking from the unit, according to a Bloomberg report.
After months of delays, the deal is done: An investment group called Filmyard Holdings is the proud new owner of the storied Miramax Films. The sale was announced back in June, but concerns about bank financing pushed the closing date back until now.
Software and computing services company Novell will sell itself to Attachmate for about $2.2 billion. The $6.10 per share price represents a premium of 28% to Novell's closing price on March 2, a day prior to the public disclosure of Elliott Associates' proposal to acquire Novell for $5.75 per share.
Sony plans to sell its professional digital photo printer business to Dai Nippon Printing, the companies announced Monday. Sony will retain the right to manufacture professional-grade printers and maintain its medical related professional printing operations.
As shoppers head to back-to-school sales early this year, the retail industry is watching their behavior closely for hints about the coming holiday season. So far, the signals appear mixed, with analysts disagreeing about whether revenue is up or down.
