Fired, Ousted | featured news

After a troublesome, 17-month run, Ron Johnson is out as chief executive of J.C. Penney, and with that, the most closely watched revival effort in retail in recent memory is in danger of disintegrating.

Struggling online deals pioneer Groupon has ousted its quirky founder and CEO Andrew Mason amid worries that people are tiring of the myriad of online restaurant, spa and Botox deals that Groupon built its business on.

That sound you heard from Detroit this morning was the other shoe dropping, loudly, at Opel. General Motors announced that Karl-Friedrich Stracke stepped down from his positions as GM Europe president Opel/Vauxhall CEO.

JPMorgan Chase & Co has pushed out its head of home lending, David Lowman, who was sidelined in February after the bank racked up billions of dollars in losses on soured mortgages and became mired in litigation over a wave of foreclosures.

The New York Mets fired manager Jerry Manuel and general manager Omar Minaya on Monday, an expected shake-up of the big-spending ballclub after its second straight losing season.

LG CEO Nam Yong is stepping down October 1 due to slumping mobile phone sales.

Google confirmed on Tuesday that it fired an employee earlier this year for violating its policies on accessing the accounts of its users.

Ousted Agriculture Department official Shirley Sherrod said Tuesday that she will not return to the department in the new role. "I need to take a break from some of all I've had to deal with in the last few weeks," Sherrod said at a hastily arranged news conference at USDA headquarters. She said she hopes to maintain "some kind of relationship" with the department.

President Obama sacked Gen. Stanley McChrystal as his top commander in Afghanistan and will replace him with Gen. David Petraeus, head of U.S. ...