Ron Johnson News
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Updated 44 minutes ago
Procter & Gamble Co. is replacing Chief Executive Officer Bob McDonald with his predecessor, A.G. Lafley, as the world’s largest consumer-products maker struggles to rekindle growth at home and abroad.
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Much like turning to Star Trek and Iron Man sequels for a safe way to ensure box-office sales, recalling popular former leaders has become a reliable corporate script in times of crisis.
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Chicago billionaire Penny Pritzker sailed toward confirmation as U.S. Commerce secretary after satisfying some critics over her offshore investments and role in a bank’s collapse during testimony at a Senate committee.
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Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell reported their net worth in the millions of dollars as the U.S. Senate released personal financial disclosure reports for its members.
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Chicago billionaire Penny Pritzker inadvertently understated a portion of her income by at least $80 million in a disclosure form required for her nomination to be U.S. Commerce secretary and has amended the document.
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J.C. Penney Co. cut the rate on a loan after increasing it to $2.25 billion from $1.75 billion, according to two people with knowledge of the matter.
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Ron Johnson’s job at J.C. Penney Co. ended after his attempt to overhaul the retailer wiped out a quarter of its sales and about half of its market value. The board members who hired him are staying.
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J.C. Penney Co.’s net loss widened in the first quarter as the department-store chain works to rebound from former Chief Executive Officer Ron Johnson’s failed makeover.
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The Justice Department’s subpoena of Associated Press phone records appears to be “a large dragnet” that lacked a clear focus, Michigan Republican Representative Mike Rogers said.
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U.S. stocks rose, giving the Standard & Poor’s 500 Index its fourth straight week of gains, as gauges for leading indicators and consumer sentiment advanced more than estimated.
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