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 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.
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.
Ready to do your share in saving mother earth? Take part in these DFW Earth Day Celebrations and start off spring by going green.
Dallas Area Rapid Transit is considering charging some riders for parking at additional stations.
A Wal-Mart store in Plano is one of the first in the country that will allow customers to scan items with their iPhone or iPad so that a prepared receipt is ready when they reach checkout.
Some parents are going to what some call extremes with their kids' teeth, and some North Texas doctors are calling out their colleagues for being involved.
Plano Police are searching for two suspects who allegedly snatched a woman's purse in the parking lot of a shopping center last week.
If you live in the City of Plano and call 911, the fire engines and ambulances may not run their lights and sirens.
After losing big money and customers, Plano-based JC Penney is touching up its plans for a total makeover.
The word from J.C. Penney's Chief Financial Officer Ken Hannah: neither he nor CEO Ron Johnson have plans to resign despite a growing chorus of critics calling for a management shake-up as they lose faith in a turnaround strategy.
J.C. Penney Co. confirmed Friday it's eliminating an additional 2,200 jobs as the struggling department store chain slashes costs after a year of plunging sales and mounting losses.
Federal authorities say two North Texas men have been arrested for illegally exporting about $12 million worth of computers to Iran.
The doors are still open at JCPenney stores-- and the cash registers are ringing-- but not nearly enough.
A jury has sided with a St. Louis company in its battle with Frito-Lay over bowl-shaped tortilla chips.
J.C. Penney, which is struggling with big losses and steep sales declines, could face another challenge: empty shelves.
The man accused of planning to detonate a homemade bomb near a gas pipeline in Plano is set to appear in court on Monday morning.
More and more people eat fish during Lent, leading up to Easter Sunday. But choosing the right fish can be quite the challenge.
Officials with Collin College evaucated the Spring Creek Campus on Friday morning after a bomb threat.
It's been a tough week to be Ron Johnson. After facing down investors this week over a dismal quarterly performance, the JCPenney CEO will be in the spotlight again -- in court.
Shares of JCPenney plunged a day after the department store chain reported massive losses and a nearly 30 percent drop in revenue in its fiscal fourth-quarter period.
The mid-priced department store chain reported another much larger-than-expected loss in the fiscal fourth quarter on a nearly 30 percent plunge in revenue in the latest sign shoppers aren't happy with the changes it's made in the past year.
North Texas cities are warning pet owners about a potential deadly outbreak of distemper.
Random gunfire or retaliation? That's a question being asked in Plano after bullets flew through a controversial business early Tuesday morning.
Macy's CEO Terry Lundgren testified on Monday that he hung up on home diva Martha Stewart after she called to inform him back in December 2011 that her company had signed a deal with J.C. Penney to open shops at most of the chain's stores.
Jason Robertson had two goals and two assists to tie a career high in points and Jamie Benn also scored twice as the surging Dallas Stars beat the Edmonton Oilers 7-2.
Mothers Against College Antisemitism says rising threats demand urgent action as synagogues and schools increase security.
Khris Middleton scored 22 of his season-high 35 points in the fourth quarter, Daniel Gafford added a season-high 22 points as the Dallas Mavericks snapped an eight-game losing streak with a 120-112 victory over the Memphis Grizzlies.
The Moss Haven Elementary Dad's Club raised thousands of dollars to help the longtime crossing guard after learning she'd been relying on Lyft and the bus to get to work.
Jurors heard testimony about the danger to drivers, school zones, and deputies during the pursuit.
Jason Robertson had two goals and two assists to tie a career high in points and Jamie Benn also scored twice as the surging Dallas Stars beat the Edmonton Oilers 7-2.
Mothers Against College Antisemitism says rising threats demand urgent action as synagogues and schools increase security.
Khris Middleton scored 22 of his season-high 35 points in the fourth quarter, Daniel Gafford added a season-high 22 points as the Dallas Mavericks snapped an eight-game losing streak with a 120-112 victory over the Memphis Grizzlies.
The Moss Haven Elementary Dad's Club raised thousands of dollars to help the longtime crossing guard after learning she'd been relying on Lyft and the bus to get to work.
Jurors heard testimony about the danger to drivers, school zones, and deputies during the pursuit.
The state is already home to nearly 400 data centers, but hundreds more are in the works.
The crash sparked a nearly three‑year I‑Team investigation into Fort Worth police pursuit policies.
It started with a complaint from a male officer.
Austin medical supply business accused of Medicare fraud, funneling millions overseas, federal complaint says.
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.
An aerial refueling tanker crashed in Western Iraq, U.S. officials said.
The federal observer program sends neutral observers to monitor election sites to ensure voters don't experience discrimination at the polls.
The Senate approved a package of bills aimed at lowering housing costs, the most sweeping housing legislation in decades and a rare point of bipartisan consensus in an election year, with the issue of affordability top of mind for many voters.
More than 300 TSA officers have quit since the partial government shutdown began last month, according to agency statistics obtained by CBS News.
The first week of the U.S.'s war with Iran cost around $11.3 billion, military officials told members of Congress in a briefing this week, according to sources familiar with the meeting.
Zoox, owned by Amazon, produces its own autonomous vehicles that it says are built for passengers, not drivers.
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.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
USALESS.COM is recalling its Rhino Choco VIP 10X product due to the undeclared presence of Tadalafil, which is the active ingredient in Cialis.
Eagle Mountain-Saginaw ISD said that the decision was made after consultation with Tarrant County Public Health.
The McKinney Fire Chief already has AED's placed in all police and fire vehicles.
Small businesses along South Akard Street say the removal of a key bridge connecting Downtown Dallas to the Cedars neighborhood is already driving customers away, with no return of direct access expected until 2028.
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.
Jason Robertson had two goals and two assists to tie a career high in points and Jamie Benn also scored twice as the surging Dallas Stars beat the Edmonton Oilers 7-2.
Khris Middleton scored 22 of his season-high 35 points in the fourth quarter, Daniel Gafford added a season-high 22 points as the Dallas Mavericks snapped an eight-game losing streak with a 120-112 victory over the Memphis Grizzlies.
A person with knowledge of Baltimore's decision told The Associated Press that Crosby failed his physical.
After a season of jarring change and inconsistent play, the Atlanta Hawks appear to be coming together at just the right time.
Jamie Benn's power-play goal lifts the Stars past Vegas 2-1 as Dallas extends its points streak to 13 games.
Ballerina Misty Copeland responded to controversial comments made by actor Timothée Chalamet when he appeared to dismiss the significance of ballet and opera, saying, "No one cares."
A woman was arrested on Sunday for firing multiple shots at the Beverly Hills home of Rihanna, Los Angeles Police Department officials say.
Actor and filmmaker Bruce Campbell told fans that he is in treatment for cancer and will cancel some upcoming public appearances.
Hillary Knight, Megan Keller and Jack and Quinn Hughes made a surprise appearance during "Heated Rivalry" star Connor Storrie's opening monologue on "SNL."
Shia LaBeouf, who was charged with battery after police say he punched several people outside a New Orleans bar earlier this month, was arrested again on Saturday.
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.
