JCPenney Expects $810 Million From Stock Offer
JCPenney, the struggling retailer that is trying to reassure the market about its financial stability, expects to raise about $810.6 million via a public stock offering.
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JCPenney, the struggling retailer that is trying to reassure the market about its financial stability, expects to raise about $810.6 million via a public stock offering.
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.
Criswell says recovery starts immediately – from insurance questions to navigating potential federal aid – as communities face growing disaster risks and possible changes to FEMA's role.
Katie Buck waded into dangerous, fast‑moving water to free trapped animals — including a porcupine she carried out bare‑handed — as her rescue facility was overwhelmed by sudden flooding.
Using data from federal science and environmental agencies, the team measured not only how much rainfall fell in the area but also the extent of the area affected.
Moviegoers travel for hours and buy tickets months in advance to experience the massive film format shown at only 25 theaters nationwide.
The city's annual program aims to boost literacy by keeping children reading through the summer, offering prizes and support from the public library system.
Criswell says recovery starts immediately – from insurance questions to navigating potential federal aid – as communities face growing disaster risks and possible changes to FEMA's role.
Katie Buck waded into dangerous, fast‑moving water to free trapped animals — including a porcupine she carried out bare‑handed — as her rescue facility was overwhelmed by sudden flooding.
Using data from federal science and environmental agencies, the team measured not only how much rainfall fell in the area but also the extent of the area affected.
Moviegoers travel for hours and buy tickets months in advance to experience the massive film format shown at only 25 theaters nationwide.
The city's annual program aims to boost literacy by keeping children reading through the summer, offering prizes and support from the public library system.
A growing number of solar customers across the country have been left in limbo following a company's closure or bankruptcy.
Prosper police detectives say they were punished after reporting an alleged affair between a sergeant and a detective, prompting accusations that the department retaliated against whistleblowers.
Only about 7% of homes in Texas have flood insurance.
Payments for country club dues, luxury jet services, and even a reality show competition are not how you'd expect a community non-profit to use its donations.
An alleged leader of the operation was arrested in Europe and returned to the United States last week.
Democratic candidate for Texas Comptroller Sarah Eckhardt tells Jack Fink about her race against Republican Don Huffines, who will become Acting Comptroller on August 1st. She also discusses her opposition to the taxpayer-funded school choice program, calling it a voucher scheme.
Republican candidate for Texas Comptroller Don Huffines will become Acting Comptroller on August 1st, months before he is set to face Democratic candidate Sarah Eckhardt. "I wanted as much of a head start as I could get in the office to understand it," Huffines told Jack Fink. "Understand the processes, understand the team members and the government."
President Trump delivered a speech on election security Thursday night at the White House. Here are the facts behind some of his claims.
Republican Texas Rep. Wes Virdell tells Jack Fink about the flood conditions while outside the emergency operations center in Kerrville. As the Guadalupe River overflows behind him, he discusses how last year's flooding affected the area during the current floods. He also said the legislature will need to allocate more money for flooding sirens, and that the $50 million doesn't go far enough because one county alone will need $40 million.
"Markets already move on Truth Social posts," the company's chief executive said in the Truth API announcement.
Target, which embarked on a turnaround plan under its new CEO earlier this year, reported an increase in first-quarter sales Wednesday.
During the program's first year, it will be offered at about 65 to 75 hospitals that handle about a quarter of births in the state and largely serve low-income patients, Newsom's office said.
Bimbo Bakeries USA employs over 20,000 people and has been headquartered in Horsham, Pennsylvania, for the past 17 years.
This explosion is among several similar incidents across North Texas that raise questions about why hazardous natural gas leaks keep happening
Zoox, owned by Amazon, produces its own autonomous vehicles that it says are built for passengers, not drivers.
Taylor Farms said none of its branded salads or kits contain the iceberg lettuce associated with the outbreak.
A lettuce supplier to fast-food giant Taco Bell has been linked to a nationwide cyclosporiasis outbreak that has sickened thousands of people, the CDC said.
Texas health officials are urging families to safely wash, handle and cook produce as Cyclospora cases rise.
Here's a breakdown of what you need to know about this pest and how to keep your pets safe and healthy.
Health officials are warning Texans about a seasonal rise in the intestinal parasite cyclosporiasis, with cases reported across the state.
Mayor Jim Ross said hotel revenue in the city was a record $31 million in June, smashing the previous mark of $23 million.
Cuban alleges Patrick Dumont has engaged in "adversarial business practices."
During every U.S. World Cup match, 18-year-old Aaron Dotson was selling patriotic gear in downtown Dallas.
A growing number of solar customers across the country have been left in limbo following a company's closure or bankruptcy.
Customers say they've gone to three, sometimes even four stores, to find a specific jersey.
Defending World Cup champion Argentina rallied to edge England 2-1 to advance to Sunday's final at MetLife Stadium, where they will face Spain.
In a match Tuesday featuring two of soccer's biggest heavyweights, Spain put in a masterful performance, frustrating France to the tune of a 2-0 win to advance to Sunday's World Cup final.
Jones has not yet been seen at a tournament-high nine games at the Cowboys' home stadium.
France and Spain meet in a highly anticipated World Cup semifinal showdown at Dallas Stadium.
Red, white, and blue filled Klyde Warren Park in Downtown Dallas, but it's the flag of France, not the U.S.A., flying over hundreds of fans.
Brenda Fricker won an Academy Award for 1989's "My Left Foot," played the Pigeon Lady in "Home Alone 2" and appeared in "A Time to Kill" and "So I Married an Axe Murderer."
New Zealand actor Sam Neill, known for "Jurassic Park" and "The Piano," died Monday at 78, his family says.
Bonnie Tyler, the Welsh pop star best known for singing the chart-topping power ballad "Total Eclipse of the Heart" in 1983, has died. She was 75.
The nominations for the 78th annual Primetime Emmy Awards were announced Wednesday morning in Los Angeles, with the final season of HBO Max's "Hacks" setting a new record for the most nominations in a single year for a comedy series.
Taylor Swift and Travis Kelce were married as they celebrated their wedding with hundreds of guests Friday at Madison Square Garden in New York City.
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.
