Vornado Realty Trust


Report: JCPenney Explores Further Financing

JCPenney

Plano, TX—JCPenney reportedly is working with Goldman Sachs Group Inc. about raising additional capital, possibly seeking loans … [Read more...]

After Selling Majority Stake, William Ackman Finally Departs JCPenney

William Ackman, hedge fund manager and the founder of Pershing Square Capital, JCPenney's largest shareholder

New York—After a controversial and often contentious tenure as JCPenney’s largest shareholder and member of its board of … [Read more...]

JCPenney Adopts “Poison Pill” Plan

JCPenney

Plano, TX—In an effort to stem any possible hostile takeover attempt should its major stakeholder, William Ackman of Pershing … [Read more...]

JCPenney to Cut 900 Jobs, to Operate “Like a Start-up”

Attention Getter: Ron Johnson, JCPenney's CEO

Plano, TX—Saying that “companies must streamline in order to leap forward,” Ron Johnson, JCPenney’s ceo, said Thursday that the … [Read more...]

Job Cuts Part of JCPenney’s Turnaround Strategy?

JCPenney

Plano, TX—A glimpse into how Ron Johnson, the former Apple store chief, plans to revitalize JCPenney is expected to be unveiled … [Read more...]

JCPenney Enacts Poison Pill After Ackman Buy

William Ackman, hedge fund manager and the founder of Pershing Square Capital, JCPenney's largest shareholder

Plano, TX—JCPenney adopted today an anti-takeover defense, after hedge fund manager Bill Ackman and Vornado Realty Trust bought … [Read more...]

Hedge Fund Manager Ackman Takes Stake in JCPenney

Bill Ackman

New York—William "Bill" Ackman, the hedge fund manager who had a bitter proxy battle with Target’s board of directors in 2009, … [Read more...]

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