Penney Closing Stores; Ackman, Roth Named Directors
January 24, 2011
J.C. Penney announced that William Ackman, who leads Pershing Square Capital Management, and Steven Roth, CEO of Vornado Realty Trust, have been named to the retailer’s board of directors. The retailer also said it planned to close five under-performing stores.
Recent News
Peloton CEO Steps Down and Layoffs Begin
Peloton, the popular fitness technology company, has announced significant changes in its leadership and organizational structure.
California Restaurants Must Start Eliminating Special Surcharges
Starting July 1, California is changing the game for restaurant bills.
T-Mobile Now Owns Ryan Reynolds-Backed Mint Mobile
The deal is worth upwards of $1.35 billion.
Chipotle Is Giving Away Over $1 Million in Burritos to Healthcare Workers
In acknowledgment of the tireless contributions of healthcare workers, Chipotle Mexican Grill has announced a notable gesture of appreciation: the distribution of 100,000 free burrito e-cards.