JCPenney To Get $1.75B In Financing, Shares Rise
Plano-based J.C. Penney is confirming that Goldman Sachs will provide it with $1.75 billion in financing, sending shares up 3 percent in trading.
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Plano-based J.C. Penney is confirming that Goldman Sachs will provide it with $1.75 billion in financing, sending shares up 3 percent in trading.
Twinkies will be winging their way back to a store near you, likely in July. Hostess Brands, LLC has announced plans to re-launch its bakery in Columbus and plans to add about 300 jobs in the area over the next several years.
Shares of beleaguered retailer J.C. Penney are up more than 6 percent in aftermarket trading on Thursday after billionaire financier George Soros disclosed a 7.9 percent stake in the company.
AT&T lost phone subscribers from its contract-based plans for the first time in the latest quarter, in a sign that growth in the industry is stalling now that most Americans have smartphones.
Illinois Gov. Pat Quinn says Texas Gov. Rick Perry's visit to try to entice businesses away from Illinois is merely "an escapade" and Illinois can compete with any state.
Americans spend billions of dollars online, and now it could get more expensive. The U.S. Senate is expected to vote on a bill that would let states collect taxes on online purchases.
Amusement park operator Six Flags said Monday that it took a smaller loss in the first quarter as its attendance rose 41 percent compared with last year.
Buyout specialist Blackstone Group has abruptly ended its courtship of Dell Inc. less than a month after saying it intended to trump a deal with the slumping computer maker's CEO, according to a report published late Thursday.
American Airlines resumed most flights Wednesday, a day after a massive technology failure forced the nation's third-largest carrier to ground all planes from coast to coast.
Denton joined the growing list of North Texas cities to ban smoking. But local businesses are allowed some breathing room to comply with the ordinance.
Gov. Rick Perry is heading to Illinois to recruit businesses to relocate to Texas. He made the announcement Wednesday after purchasing $42,000 in radio advertising in the Chicago area.
American Airlines was back up and running on Wednesday morning after a computer glitch forced the carrier to cancel nearly 1,000 flights on Tuesday.
Southwest Airlines is expanding beyond the continental 48 states with new flights to Puerto Rico, as it converts AirTran Airways routes. The flights launched on Sunday.
Gov. Rick Perry is backing $1.6 billion in business tax cuts, even though he concedes it may mean tapping Texas' once-untouchable cash reserves.