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JC Penney Layoffs Target Some Permanent Staff -NY Post

DOW JONES NEWSWIRES In addition to its expected layoffs of thousands of seasonal workers, J.C. Penney Co. (JCP) will make cuts to its permanent staff at almost all of the retail chain's 1,200 U.S. stores, the New York Post reported Monday, citing sources. The move is part of a broader restructuring initiative. Earlier this month, the company announced that it would be closing some stores and consolidating its support operations, Dow Jones Newswires reported. Penney's two largest shareholders, Pershing Square Capital Management head William Ackman and Vornado Realty Trust (VNO), are said to be pressing Chief Executive Ron Johnson, who is credited with establishing Apple Inc.'s (AAPL) retail strength, to slim down the operation, the Post reported. Full story at http://www.nypost.com/p/news/business/penney_pinchers_HM6H3lqDL0FlxTzaeqnSMN -Dow Jones Newswires; 212-416-2900

Stock News for Jc Penney (JCP)
DateTimeHeadline
11/13/201417:13:13MARKET SNAPSHOT: U.S. Stocks Advance; Dow Posts 25th Record Close...
11/13/201412:28:12MARKET SNAPSHOT: U.S. Stocks Erase Gains As Oil Plunges
11/13/201410:25:10MARKET SNAPSHOT: U.S. Stocks Rise; Wal-Mart Jumps On Results
11/13/201409:31:38MARKET SNAPSHOT: U.S. Stocks: Futures Pare Gains; Jobless Claims...
11/13/201407:51:59MARKET SNAPSHOT: U.S. Stocks: Futures Rise With Wal-Mart, Jobless...
11/13/201406:03:31MARKET SNAPSHOT: U.S. Stocks: Futures Rise As Wal-Mart, Jobless...
11/09/201406:17:27MARKET SNAPSHOT: Retail Earnings To Test Those Consumer Sentiment...
10/23/201419:49:24Apple's Ex-Retail Chief Readies Service for Web Shoppers
10/13/201416:41:12MARKET SNAPSHOT: U.S. Stocks End Monday Sharply Lower On Late...
10/13/201416:04:10MARKET SNAPSHOT: U.S. Stocks Build On Last Week's Losses
10/13/201415:59:37MARKET SNAPSHOT: U.S. Stocks Build On Last Weeks Losses
10/13/201413:47:36MARKET SNAPSHOT: U.S. Stocks Drift Higher Off Day's Lows
10/13/201411:12:37MARKET SNAPSHOT: U.S. Stocks Drop; S&P 500 Falls Below 1,900
10/13/201410:27:05MARKET SNAPSHOT: U.S. Stocks Flip-flop After Brutal Losses
10/13/201409:58:24MARKET SNAPSHOT: U.S. Stocks Inch Higher; CSX Corp Jumps
10/13/201409:56:31MARKET SNAPSHOT: U.S. Stocks Inch Down; CSX Corp Jumps
10/09/201417:11:36U.S. Hot Stocks: Hot Stocks to Watch
09/09/201409:10:11J.C. Penney to Offer $350 Million in Notes
08/15/201408:23:20MARKET SNAPSHOT: U.S. Stocks: Futures Up; Consumers May Be In...
08/14/201416:21:51MARKET SNAPSHOT: U.S. Stocks Rise Modestly; Berkshire Tops $200K

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