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Nordstrom to Close One of its Stores as its Take-Private Efforts Could Resume

Nordstrom to Close One of its Stores as its Take-Private Efforts Could Resume

Nordstrom (NYSE: JWN) announced this Wednesday the plans to close its full-line store at Salem Center at Salem, Oregon. This store opened in March, 1980, and will continue to serve customers until April 6, 2018. This plan will impact about 130 ..

William Ackman to Take Stake in ADP

William Ackman to Take Stake in ADP

On Friday, billionaire investor William Ackman announced that he will be buying a large stake in Automatic Data Processing Inc.(NASDAQ:ADP),  a move that made the U.S. payroll company’s stock increase 16.5% to $120.In recent years, activi..

J C Penney to Sell Toys at Department Stores

J C Penney to Sell Toys at Department Stores

J C Penney Company Inc. (NYSE: JCP) stock surged jumped 8% after the retailer announced that it is opening toy shops in all of its brick-and-mortar locations with a significantly expanded assortment available at JCPenney.com.The company reporte..