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Ackman concedes JC Penney management mistakes, eyes future

April 11, 2013 23:15
By Martinne Geller NEW YORK (Reuters) - J.C. Penney Co Inc <JCP.N> board member William Ackman on Thursday acknowledged the shortcomings of the chief executive officer he handpicked to turn around the retailer and said he was optimistic about the company and its future.

UPDATE 4-P&G posts solid quarter, gives CEO more breathing room

January 25, 2013 10:45
* Results suggest that turnaround efforts paying off * Profit $1.22/share vs Street view $1.11 * Sales up 2 percent to $22.18 bln vs Street view $21.91 bln * Raises forecast for fiscal year * Shares end at highest level since September 2008 (Adds CEO comments, closing stock price) By Jessica Wohl Jan 25 (Reuters) - What a difference a year makes for Procter & Gamble Co and CEO Bob McDonald.
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