JCPenney Draws $850 Million From Revolving Credit Line
JCPenney said that it has drawn $850 million from its $1.85 billion revolving credit line, a clear sign that the flailing department store chain is in a severe cash crunch.
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JCPenney said that it has drawn $850 million from its $1.85 billion revolving credit line, a clear sign that the flailing department store chain is in a severe cash crunch.
A judge ruled Friday that J.C. Penney can sell some goods designed by Martha Stewart that were destined for shelves this spring —for now.
A federal bankruptcy judge has denied a proposed $20 million severance payment for the CEO of American Airlines as part of the company's merger with US Airways.
A published report said that JCPenney is consulting with bankers at Blackstone Group on how the struggling department store chain can raise $1 billion in cash.
Toyota, Honda and Nissan are recalling more than 3 million vehicles globally for an identical problem with air bags on the passenger side whose inflator may burst, sending plastic pieces flying.
The ailing personal computer market is getting weaker, and it's starting to look as if it will never fully recover as a new generation of mobile devices reshapes the way people use technology.
Members of the Texas House are considering a bill that would allow manufacturers of 100-percent electric vehicles or all battery-powered vehicles to sell directly to consumers, bypassing car dealers.
A proposal being discussed in the State Legislature would let voters decide on whether or not to alllow a limited number of casinos to operate across Texas.
For years, coupons and promotions kept Elsa Miranda coming back to JCPenney's—today, it was curiosity.
The Texas Senate is sending a message to gun makers across the country: C'mon down, the Lone Star State wants you. The Senate gave preliminary approval Tuesday to a bill encouraging Governor Rick Perry's office to recruit gun manufacturers to Texas.
It's the hottest type of beverage on store shelves today and the City of Fort Worth hopes to cash in on its popularity.
J.C. Penney is naming Mike Ullman as its new CEO. He takes over from Ron Johnson, who is leaving the company.
Attorneys for Plano-based J.C Penney and Macy were back in court Monday to fight over the Martha Stewart brand after a month-long mediation period went nowhere. The court-ordered mediation followed nearly three weeks of testimony.
A firearms company that makes AR-15 style rifles for the iconic brand Colt, will open a plant in Breckenridge in Stephens County. Oregon company Bold Ideas confirmed the development Friday.
The CEO of Southwest Airlines received $4 million in compensation for 2012, up 15 percent from the prior year, largely because of bigger stock awards.