Bill Ackman, the largest shareholder of J.C. Penney, have taken the offensive by airing out damaging statements against the company. In response, the board is discussing a possible retaliation.
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Musk unveils SFO-LAX Hyperloop
Elon Musk recently announced a radical transport system on solar energy that will reduce travel time from San Francisco to Los Angeles to 30 minutes.
JCP to hire new director to appease Ackman
J.C. Penney Co prepares to hire at least one new director to appease largest shareholder William Ackman's demands for a more functional board.
Ally's ResCap can still be sued even though bankrupt
Judge Denise Cote ruled that Ally's Residential Capital LLC (ResCap) can still be sued by the Federal Housing Finance Agency despite declaring bankruptcy.
Yahoo-Perion partnership to benefit both parties
Yahoo entered into new partnership with Perion Network Ltd, which can benefit both parties by improving their individual services.
Latest News
As Blackberry announced its formation of a special committee to "explore strategic alternatives" like a possible sale to compete with its biggest technology rivals, conflict may arise.
Dole Food Co Inc agreed to be bought by David Murdock, after an increase in the offer price was given.
Campbell Soup Co announced that the sales of some of its European businesses to CVC Capital Partners is on the final stages.
Everspin Technologies announced that it was able to close its Series B funding round with USD 15 million from venture capital firms.
Encision Inc named Dr. Patrick Pace as its new non-executive Chairman of the Board. Encision Inc announced that Dr. Patrick Pace will be the non-executive Chairman of the Board.
Amid dark forecasts on the PC market, especially for the future of Dell, Dell's buyout prospects may be on the rocks as well.
Tegile Systems announced the successful closing of its Series C funding round with USD 35 million in a round led by Meritech Capital Partners.
Prospect Capital Corp gave a loan valued at USD 80 million to Matrixx Initiatives Inc for its recapitalization.
InsideView said it was able to secure USD 19 million in a round led by Split Rock Partners. Software service company InsideView announced that it closed USD 19 million in financing on Monday.
