JC Penney Plans Public Stock Offering To Raise Funds
J.C. Penney Co. plans to sell up to 96.6 million shares of common stock in a public offering, the latest indication the chain is looking to shore up its cash reserves.
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J.C. Penney Co. plans to sell up to 96.6 million shares of common stock in a public offering, the latest indication the chain is looking to shore up its cash reserves.
JCPenney Co., whose shares have been tumbling on worries about its business, says that it is pleased with its turnaround efforts so far.
J.C. Penney shares are trading at their lowest level in nearly 13 years as the department stores' woes appear to be worsening.
The holidays are fast approaching and several retailers across the area are preparing for the busy shopping season by increasing their staff over the next few months.
Chances for employment have increased because many companies have relocated to North Texas and current companies are expanding.
A Plano man has been sentenced to 20 years in prison for trying to help kill the fiance of his friend's mother.
JCPenney's biggest investor Bill Ackman is through with the retailer, selling his entire 18 percent stake to Citigroup and taking a more than $400 million bath on the deal.
Plano police tell CBS 11 News that more victims have come forward with accusations against gymnastics coach Lyndsey Cox, who is charged with attempted online solicitation with the intent of having sex with a teenage boy.
JCPenney's biggest investor, William Ackman, plans to raise up to about $504.4 million from the sale of his entire stake in the struggling department store operator.
Police say it appears a man cutting grass at a North Texas golf course drowned when his mower toppled into a pond and pinned him underwater.
A stay-at-home mom in Plano has turned a fun hobby into an exciting business, one that now has an international reach.
Struggling retailer JCPenney is adopting a "poison pill" shareholder plan just two days after reporting its sixth straight quarter of big losses and steep revenue declines.
Plano voters will decide this November whether to approve a tax increase to benefit the school district.
JCPenney is reporting another big loss on a nearly 12 percent drop in revenue for the second quarter.
Two Plano residents have been diagnosed with West Nile Fever, a less severe form of the West Nile Virus.
JCPenney and its largest shareholder, William Ackman, have made a deal that sets terms for allowing him to unload his stake in the company.
Officials in the city of Plano are reporting two human cases of West Nile.
It was a bust 12 years in the making. Authorities in Plano have taken down a major illegal gambling operation worth billions of dollars. That's good news for the city in more ways than one.
Law enforcement officials have busted a major sports gambling ring based in North Texas and generated more than $5.4 billion in bets.
Struggling retailer JCPenney is under fire again, this time for one of the company's latest 'back to school' television advertisements.
William Ackman has resigned from JCPenney's board as part of a deal to resolve a public battle between the activist investor and the struggling department store operator.
Shares of J.C. Penney shares jumped 7 percent after a media report that the retailer is starting a new CEO search to replace Mike Ullman.
Plano residents may be looking at a property tax election this fall. The Plano ISD wants a tax hike that so high, it would automatically trigger an election.
For centuries, tourniquets have played a role on the battlefield, helping keep wounded soldiers from bleeding to death. Now, recent attacks on civilians have police departments investing in them, too.
As one of the fastest growing districts in the nation, hundreds of new teachers – and thousands of new students - are expected in Frisco for the 2013-2014 school year.
Sabrina Underwood faces a mandatory 12‑year sentence after authorities in Panama discovered a loaded gun in her checked bag, a case her father says was a tragic mistake.
Their letter to the Texas education commissioner argues that recent walkouts raised safety concerns and violated parental expectations.
He breaks down what makes the case unusual and the factors investigators are likely weighing.
Firefighters faced heavy flames as they arrived at the home on Wilbarger Street.
Cindy Clemishire and her father alleged the church downplayed the abuse she suffered as a child.
Sabrina Underwood faces a mandatory 12‑year sentence after authorities in Panama discovered a loaded gun in her checked bag, a case her father says was a tragic mistake.
Their letter to the Texas education commissioner argues that recent walkouts raised safety concerns and violated parental expectations.
He breaks down what makes the case unusual and the factors investigators are likely weighing.
Firefighters faced heavy flames as they arrived at the home on Wilbarger Street.
Cindy Clemishire and her father alleged the church downplayed the abuse she suffered as a child.
As Texas, in recent years, has experienced an increase in its infant mortality rate, it has seen a growing interest in bereavement care for families.
The CEO a Dallas nonprofit resigned after a CBS News Texas I-Team investigation that revealed the organization had failed to follow through on its core promises.
Seven years after a deadly school bus-train crash in Athens, the same crossing still lacks gates or lights—despite repeated promises to fix it.
A CBS News Texas investigation found those daily meals no longer being delivered to schools, despite the nonprofit's claims to the contrary.
It once fed thousands of kids. So, how did a Dallas non-profit's core mission fall apart? CBS News Texas investigates.
Democrat state senator elect Taylor Rehmet sits down with Jack Fink in the CBS News Texas studio to discuss his win over Republican Leigh Wambsganss. "I got a lot of work to do," Rehmet said.
Dallas pollster and Principal of Hunt Research, Ross Hunt discusses the upset win by Democrat Taylor Rehmet over Republican Leigh Wambsganss.
Texas Agriculture Commissioner Sid Miller (R) discusses his re-election campaign and reacts to Gov. Abbott's decision to endorse his challenger.
The footage is included in a video that promotes false claims that the 2020 presidential election was rigged against Mr. Trump.
The FBI has arrested "one of the key participants" behind the attack on U.S. facilities in Benghazi, Libya, in 2012 that killed four Americans.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
While retailers like Amazon, Macy's and Target are extending their return window for gifts bought during the holidays, some stores are adding fees to return purchases.
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
Texas Agricultural Commissioner Sid Miller is calling for a statewide ban on non-water additives, such as fluoride, in the public water system.
Last year, over 16 million vehicles drove on North Texas toll roads without paying, accumulating more than $69 million in unpaid tolls.
U.S. life expectancy rose to 79 years in 2024 - the highest mark in American history. But the U.S. still ranks below dozens of other countries.
Weather-related closures left Carter BloodCare 4,000 units of blood and blood components short of what it needs.
The state of Texas is investing $50 million in research on psychedelic therapies.
Walk with a Doc invites community members to join low-pressure group walks led by physicians.
The largest nurses strike ever in New York City is underway as thousands of NYSNA members walk off their jobs at major hospitals.
An Amazon Prime delivery in Richardson this week left more behind than intended.
Prominent political and business leaders are named in the documents released by the Justice Department in connection with its investigations into Jeffrey Epstein.
A Dallas coffee chain says it's caught in a political firestorm after a walkout over an ICE discount.
During the World Cup, soccer fans will be able to get a taste of what North Texas' new professional soccer team, Atletico Dallas, has to offer.
Salad and Go, a drive-thru salad chain, said on Wednesday that it will close all remaining Texas and Oklahoma stores.
Jaxson Smith‑Njigba brings Rockwall roots to Super Bowl LX after a meteoric rise from Texas 6A football.
Spanish figure skater Tomas-Llorenc Guarino Sabate secured the rights to perform his Minions-themed program at the Milan Cortina Games hours before he was set to skate.
The 2026 Milano Cortina Winter Olympics are underway after the lighting of the Olympic cauldrons and the Parade of Nations at the opening ceremony.
Victor Wembanyama had 29 points and 11 rebounds, and the San Antonio Spurs overcame rookie No. 1 pick Cooper Flagg's fourth consecutive 30-point game in a 135-123 victory over the Dallas Mavericks.
Los Angeles Rams quarterback Matthew Stafford was named the NFL MVP, just edging out four other candidates that included New England Patriots quarterback Drake Maye and Buffalo Bills quarterback Josh Allen, last year's MVP.
Spanish figure skater Tomas-Llorenc Guarino Sabate secured the rights to perform his Minions-themed program at the Milan Cortina Games hours before he was set to skate.
A quaint home in Grapevine is drawing big attention, not for its renovations or location, but for its former occupant.
The 5th Dimension had broad crossover success and won six Grammy Awards, including record of the year twice.
The sheriff says the note was sent to a local Arizona news station, which agreed not to report on it, following the disappearance of "Today" show co-host Savannah Guthrie's mother, Nancy Guthrie.
Chuck Negron, a founding member of Three Dog Night whose lead vocals powered a string of hits for one of the top rock acts of the late 1960s and early '70s has died. He was 83.
The Red Bull Flugtag Airshow returned to Las Colinas on Saturday after a 12-year hiatus. Teams are tasked with constructing a flying machine and putting it to the test. It's estimated that around 25,000 people attended the event.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
The Neonatal Intensive Care Unit babies at Texas Health locations across North Texas celebrated Valentine's Day.
As Anthony Davis prepared for his debut game at the AAC, Dallas Mavericks fans took to the arena to protest the controversial trade.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
