Ackman to unload JC Penney stake for about 504 million
William Ackman plans to sell his nearly 18 percent stake in J C Penney for about 504.4 million dollars, pricing at 12.90 a share after paying about 25 dollars per share in 2010. Pershing Square discloses the sale amid a long battle with the retailer and ongoing stock decline from a botched transformation plan.
MENTIONED IN THIS ARTICLE
NEW York
J.C. Penney
William Ackman
Pershing Square Capital Management
Ackman
Securities and Exchange Commission
Pershing
Johnson
Mike Uilman
Plano
Texas
Tiffany 2Q profit rises on China growth
Tiffany & Co. lifts full year outlook after a 16 percent rise in second quarter profit driven by strong China sales that offset softer U.S. demand. Revenue climbed to $925.9 million as statement and fine jewelry boosted results, with net income at $106.8 million or 83 cents a share.
MENTIONED IN THIS ARTICLE
New York
Tiffany & Co
China
U.S
Perase
Saks Inc
Ralph Lauren Corp
Coach Inc
Tiffany
Michael J. Kowalski
U.S. home prices rise 12.1 percent in June
Prices in 20 major cities climbed 12.1 percent from a year earlier led by Las Vegas up 24.9 percent. Monthly gains slowed in most cities as mortgage rates rose and inventory stayed tight, signaling a cooling but continued housing demand.
MENTIONED IN THIS ARTICLE
Washington
U.S
Standard &Poor
Las Vegas
San Francisco
Los Angeles
Phoenix
Stan Humphries
Zillow
Record-Low Underage Tobacco Sales Across States
Federal state inspection shows retailer violations for tobacco sales to minors fell to 9.1 percent in the last fiscal year, with Maine at 1.8 percent and Oregon at 17.9 percent. Seventy percent of states reported sub 10 percent rates, reflecting stricter enforcement and ongoing gaps in access for teens.
MENTIONED IN THIS ARTICLE
Richmond
U.S
Aus
Ins
Mike Synar
Oklahoma
Frances Harding
Center For
Washington, D.C
Maine
Oregon
Montgomery Grocery
Little Hickman
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KaMarthoin
Wie
Ama
Eer
Chicago Merchantile Exchange
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Dun
N.Y
MortY/ts
Chicago Board of Trade
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NEW York(ap
York Mercantile Exchange
Sal
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Cape
London
Natal
Alidnevg
Facebook
BkofAm
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Microsoft
Siriusxm
Shemkts
NovaGidg
InovioPhm
Penney
Micront
SPDR
Bagold G
Intel
Reeds
DS Hithcre
Movado
Daxor
ChiCmCrn
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AsdBanwt
TanzRyg
Lentuo
Lannett
intmtGold
Timmins G
SunTr Wta
Therapmd
DonBwig
Dow Jones Industrials
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S&p
Wilshire
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Tad Cy Oe Inc
Merck
PNM Res
Res
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WalMart
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Donnin
XoolEngy
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