J.C. Penney Reintroduces Sales to Lure Shoppers
J C Penney plans to bring back hundreds of sales and add price tags showing consumers savings on more than half of its merchandise. CEO Ron Johnson says the shifts are an evolution of strategy as the retailer battles earnings declines and junk credit ratings. Critics say Johnson is leaning more promotional to attract customers while introducing new brands and shop within a store concepts by 2015.
MENTIONED IN THIS ARTICLE
Ron Johnson
Associated Press
Penney
Arizona
Johnson
Walter Loeb
Times
Joe Fresh
Oil barge strikes railroad bridge on Mississippi River near Vicksburg
Cleanup crews skim oily water from the Mississippi River after a barge carrying more than 80,000 gallons of oil struck a railroad bridge near Vicksburg. The river was closed for 16 miles while crews monitor leaks and transfer fuel, with few environmental impacts noted and an ongoing investigation.
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Vicksburg
Miss
Mississippi River
Coast Guard
Army Corps of Engineers
Jonathan Lally
Lally
Kavanaugh Breazeale
U.S. Army Corps of Engineers
Breazeale
Louisiana
Herman Smith
Smith
Senate moves toward 50.5 billion Sandy relief package
The Senate advances a 50.5 billion emergency aid bill for Superstorm Sandy damage as House Republicans trimmed non disaster spending. NE lawmakers expect 60 votes to send the bill to Obama for signing, with funds slated for housing grants, FEMA relief, and transit repairs in New York and New Jersey.
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Washington
Northeast
Senate
House
Barack Obama
U.S
New York
New Jersey
Bob Menendez
D-N
Housing and Urban Development Department
Federal Emergency Management Agency
Congress
Obama
John Boehner
Chris Christie
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