Hedge fund manager William Ackman has taken a large stake in retailer JCPenney (NYSE:JCP) through his Pershing Square Capital Management Company...

William A. Ackman, the head of Pershing Capital, has finally joined the JC Penney (NYSE: JCP) board. He has been a buyer of the stock and has...

Posted on 02/09/11 at 2:02pm by Benzinga Staff . J. C. Penney Company, Inc. (NYSE: JCP ) today announced that its Board of Directors has elected...

Posted on 02/09/11 at 8:01am by Louis Bedigian . Pershing Square Capital Management founder and CEO William Ackman was on CNBC this morning with...

JC Penney (JCP) announced that Pershing Square's William A. Ackman and Vornado Realty Trust's Steven Roth are named to be on JC Penney's board, and...

Borders(BGP) is headed toward bankruptcy, according to TheStreet readers. In our poll, 70.9% of voters said a Borders Ch. 11 filing is imminent...

Activist investor William Ackman discloses 17 percent stake in J.C. PenneyActivist investor William Ackman on Friday has taken big stakes in department store chain J.C. Penney Co. and Fortune Brands Inc., which owns brands such as Jim Beam bourbon and ...

NEW YORK (Reuters) - A New York judge has put on hold a foreclosure auction for equity in Manhattan's giant Stuyvesant Town and Peter Cooper Village apartment complexes, a victory for senior lenders owed nearly $3.7 billion after the property's ...

NEW YORK (Reuters) - Hedge fund investor William Ackman has bought a slice of debt on Stuyvesant Town Peter/Cooper Village and could become the next owner of the sprawling Manhattan apartment complexes.Ackman's Pershing Square Capital Management LP and Winthrop Realty ...

BOSTON (Reuters) - Citigroup has caught the eye of hedge fund manager William Ackman because he expects the financial services company to soon be able to return billions to its shareholders and to enjoy big tax benefits.Two weeks after first announcing his ...