J C Penney Company Inc (JCP.N)
|Market Cap (Mil.):||$3,371.50|
|Shares Outstanding (Mil.):||304.84|
NEW YORK, Sept 10 (IFR) - US department store giant JC Penney took a major step on the road to recovery on Wednesday, pricing a bigger-than-expected US$400m unsecured bond that showed it has ample access to the debt capital markets.
(The following statement was released by the rating agency) NEW YORK, September 09 (Fitch) Fitch Ratings has assigned a rating of 'CCC/RR4' to J.C. Penney's Corporation Inc.'s (J.C. Penney) proposed issue of five-year $350 million senior unsecured notes. The Rating Outlook is Positive. The unsecured and unguaranteed notes will rank equal in right of payment with all of its existing and future unsecured and unsubordinated indebtedness, including its existing notes. J.C. Penney intends to use
Aug 14 - Department store chain Kohl's Corp reported a better-than-expected quarterly profit as costs fell, sending its shares up 3.4 percent in premarket trading.
- The success of General Electric Co's impending initial public offering for its private-label credit card unit could ride on investors' willingness to bet that a lukewarm consumer-led U.S. economic recovery heats up.
July 18 - The success of General Electric Co's impending initial public offering for its private-label credit card unit could ride on investors' willingness to bet that a lukewarm consumer-led U.S. economic recovery heats up.
July 1 - JC Penney Co appealed a New York state court ruling Monday that found it had interfered with a contract between Macy's and Martha Stewart Living Omnimedia Inc by selling the celebrity's home goods, according to a filing.
NEW YORK, June 16 - JC Penney Co interfered with a contract between Macy's Inc and Martha Stewart Living Omnimedia Inc when it cut a deal to sell a line of the celebrity's home goods, a New York judge ruled on Monday.
NEW YORK, June 16 - J.C. Penney interfered with Macy's agreement with Martha Stewart Living Omnimedia , a New York judge ruled on Monday.
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