J C Penney names Marvin Ellison new chief executive
J C Penney will appoint Marvin Ellison as CEO next August becoming the retailer's first black chief. The move comes as the chain shows signs of improvement after heavy losses and aims to regain shoppers with plans to boost home goods productivity, expand e commerce and refresh jewelry shoes and handbags.
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Penney
New York
Marvin Ellison
Home Depot
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Ron Johnson
Apple
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Yenney
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Target
Penney’s
John
Fiat Chrysler debuts on NYSE as shares swing
Fiat Chrysler Automotive stock opened at 9.00 and rose to 9.55 before retreating. It closed at 8.92 as the Dow fell 222 points. 27 GM ignition switch deaths linked. Feinberg reports 178 death claims through December 31. Ford to hire 850 for F-150 output in Dearborn plants, boosting hourly workforce near 5,000.
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Why drop in oil prices has downside for U S economy
Oil price declines may boost consumer fuel savings but threaten U S growth through weaker exports, lower hiring, and less spending if global demand falters or the dollar strengthens. Analysts say gains may vanish if prices stay under 80 dollars and drilling slows, despite cheap gasoline today.
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Toledo Mayor urges collaboration with Fiat Chrysler on Wrangler fate
Toledo Mayor D Michael Collins says he will not fight Fiat Chrysler over Wrangler production and will seek a cooperative path. He notes FCA will retain a large regional presence and assembly complex, and he and state officials met CEO Sergio Marchionne to discuss the factory's future and a potential replacement for the Wrangler.
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Fiat Chrysler Automobiles
D. Michael Collins
Collins
Fiat Chrysler
Sergio Marchionne
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