Ron Johnson

Shares of J.C. Penney (NYSE: JCP) were headed higher to start the trading week on Monday, and investors and traders may want to take notice. Although volume was light, which may be a concern, the stock was trading up around five percent late in the session to just under $19.00. Despite terrible...

After J.C. Penney (NYSE: JCP) missed Q1 EPS estimates by more than 50 percent last week, Mike Ullman described the tough situation he faces as CEO in a conference call with investors. Ullman opened the call by noting his conversation with investors and stating, “our fundamental business processes...

After retiring as CEO from J.C. Penney (NYSE: JCP) in November 2011, Mike Ullman returned to the helm in April to try and save the failing retailer. While activist investor Bill Ackman wants Ullman replaced, the board of directors thinks otherwise. The New York Post stated J.C. Penney's board...

First, last Thursday, George Soros bought a nearly eight percent stake in J.C. Penney Corp. (NYSE: JCP). Then came word Friday afternoon, confirmed by J.C. Penney Monday morning that Goldman Sachs (NYSE: GS) has secured $1.75 billion in financing for the company, according to Reuters. What’s...

Famed currency investor George Soros, famous for "breaking the sterling" in the 1980's, has taken a large 7.9 percent stake in struggling retailer J.C. Penney (NYSE: JCP). Soros now is long the stock along with Pershing Square's Bill Ackman and now is opposed by Carl Icahn. Although he has taken a...

You’ve heard the news by now. Ron Johnson is out at J.C. Penney (NYSE: JCP). The market, along with the financial media, is responding as if it’s a big surprise; but is it really? Perhaps the legacy he’ll leave is some product line called Joe Fresh, a Martha Stewart lawsuit and a proven ability...

He lost his job in 2011. Now J.C. Penney (NYSE: JCP) has asked its former CEO, Mike Ullman, to come back and save the struggling retailer. Ullman was more or less ousted in 2011 after activist investor Bill Ackman pushed for him to retire. The investor was unhappy with J.C. Penney's stock...

When it was announced that Ron Johnson had 'resigned,' shares of J.C. Penney (NYSE: JCP) soared, rallying over ten percent. That is, until his successor was announced. The man named to take the helm and right the ship after Johnson's disastrous tenure was no other than Mike Ullman, the chief...

The Ron Johnson experiment at J.C. Penney (NYSE: JCP) is over. In steps former CEO Mike Ullman as an interim CEO to fill the gap until the board of directors can find a full-time replacement. Shares are tumbling as sales growth stalls and customer traffic plunges. The real question is: Where does...

Futures Rise On Alcoa Beat U.S. equity futures rose slightly in pre-market trade following a positive report from economic bellwether Alcoa (NYSE: AA). Alcoa reported first quarter EPS ex-items of $0.11 which beat estimates of $0.08 but sales fell slightly short of the forecast. Alcoa also...