J C Penney chief quits to become Lowe s CEO
Marvin Ellison, former Home Depot executive, will lead Lowe s as chief executive, succeeding Robert Niblock who retires after 13 years. Ellison has steered J C Penney through a turbulent period as Lowe s seeks to close the gap with Home Depot amid stock moves and a broader turnaround strategy.
MENTIONED IN THIS ARTICLE
Lowe’s
J.C. Penney
Marvin Ellison
Home Depot
U.S
Robert Niblock
Ellison
Marvin
Lowe
Marshall Larsen
JCP
Neil Saunders
Global Data Retail
JC. Penney
Ronald Tysoe
Jeff Davis
Joe McFarland
Thorace Risch
Mike Robbins
Sephora
Quarter Pounder cheese charges spark class action suit
Two McDonald’s customers in Florida filed a federal class action alleging they must pay 30 to 90 cents for cheese on Quarter Pounders and Double Quarter Pounders. They claim a tying arrangement forces cheese and drive signs now omit cheese free options. McDonald’s says customers can customize orders and prices vary by franchise. The suit notes app and delivery orders offer cheese-free burgers at lower prices.
MENTIONED IN THIS ARTICLE
McDonald’s
Burger Chain
Florida
Cynthia Kissner
Leonard Werner
Oak Brook
Ill
Dow 50,000 within reach, investor predicts bull run
Charles Lemonides of Value Works forecasts a 2022 or 2023 Dow milestone as investors rally on a narrow leadership group. He cites blockchain biotech AI and VR as potential drivers while noting cheap money and pent-up demand. Risk lies in late-stage enthusiasm and top-finned gains.
MENTIONED IN THIS ARTICLE
Dow
Wall Street
Dow Jones
Charles Lemonides
ValueWorks
USA Today
Lemonides
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FITB
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KIM
LeSalle Hotel
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FCX
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CELG
Discovery C
DISCR
Canpélé
Campbell Soup
CPB
Discovery Discovery A
DISCA
Ku Yencor Kla-Tencor
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Amine AutoZone
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KSS
Macy’s (M
Concho Resources
CXO
OPEC
United Rentals
URI
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Best Buy
BBY
Pioneer Pioneer Natural Resources
PXD
O'Reilly Automotive
ORLY
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