J.c. Penney Seeks To Raise $1 Billion

J.C. Penney has hired bankers at Blackstone for advice on shoring up its fast-eroding cash. The company is seeking to raise about $1 billion.

Sections:  news   business   
RELATED ARTICLES
  • Bill Gates repeats at top of Forbes' list of billionaires
    World's richest man got richer with $79. billion in 2015. More
  • Retailers report modest gains for April
    Americans spent briskly during the early spring months in the latest sign that they’re encouraged by the economic recovery. Falling gas prices, a rallying stock market and gains in the job market all fueled Americans’ shopping habits even as cold weather tempered their desire to buy spring fashions. More
  • US medicine spending shows rare dip
    Total U.S. spending on prescription medicines declined last year, a first in more than half a century. The dip was 1 percent, to $325.8 billion — a 3.5 percent drop after accounting for population growth and economic expansion, according to the IMS Institute for Healthcare Informatics. More
  • Microsoft may buy Barnes & Noble's Nook unit for $1 billion
    According to internal documents obtained by the website TechCrunch, Microsoft has offered $1 billion for the digital assets of Nook Media, Barnes & Noble's digital book venture. According to internal documents obtained by the website TechCrunch, Microsoft has offered $1 billion for the digital assets of Nook Media, Barnes & Noble's digital book venture. More
  • US casino revenue up nearly 5 percent in 2012
    Things are looking up for most of the nation’s commercial casinos, as gambling revenue increased by nearly 5 percent last year and jobs held roughly steady. According to the annual survey of casinos by the American Gaming Association, America’s nontribal casinos took in $37.3 billion from gamblers last year, an increase of 4.8 percent over 2011. More
BING NEWS:
  • Bradenton, Sarasota locations not on list of pending J.C. Penney closings
    J.C. Penney is listing the 138 locations it will shutter in the coming months as the retailer seeks to cut costs and improve its profitability. Like other department stores, J.C. Penney Co. is hurting ...
    05/29/2019 - 1:00 pm | View Link
  • J.C. Penney is in desperate need of cash
    If J.C. Penney is to achieve a stunning turnaround under new CEO Jill Soltau, it will need more cash. Whether that comes from a high yield debt raise, new credit lines or a healthier business that ...
    02/28/2019 - 2:49 am | View Link
  • J.C. Penney shifts away from appliances in strategy overhaul
    J.C. Penney Co. plans to stop selling major appliances as new Chief Executive Officer Jill Soltau overhauls the troubled department store chain. The retailer will also end sales of furniture in U.S. ...
    02/6/2019 - 11:22 am | View Link
  • Why Sears bankruptcy will be bad for J.C. Penney
    Struggling J.C. Penney (JCP) best brace for an avalanche that has been set in motion by the death of longtime foe Sears. Sears, which filed for bankruptcy protection on Monday, will soon begin ...
    10/15/2018 - 1:00 pm | View Link
  • J.C. Penney names former Jo-Ann's Stores exec as CEO
    NEW YORK (AP) — J.C. Penney is counting on a former CEO of the nation's largest fabric and crafts chain to inject some energy into the struggling department store chain. The retailer on Tuesday named ...
    10/14/2018 - 1:00 pm | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News