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J.C. Penney CEO Johnson Is Forced Out

The retailer recruited Johnson from Apple to revitalize the company but since his arrival 18 months ago, business has only gotten worse. J.C. Penney has brought back Johnson's predecessor Myron Ullman to once again led the struggling retailer.

To Find Insider Trading, Follow The Kids' Money

Sociologists tracked stock trades in Finland and found that accounts belonging to chlldren under 10 years old wildly outperformed the accounts of adults.

Iowa Town Braces For New Reality In Factory Closure's Wake

Appliance manufacturer Electrolux closed its Webster City, Iowa, plant in 2011. Now, the retraining programs for former workers are wrapping up, and the town of 8,000 is bracing for the true impact of the closure. It's a familiar story for many former manufacturing towns across the Midwest.

His Makeover Strategy In Shambles, J.C. Penney CEO Ron Johnson Is Out

Johnson joined the company from Apple and tried to change the look, feel and function of the retail stores. The strategy failed; JC Penny lost $4.3 billion in sales since Johnson became CEO.

One Manufacturing Giant Creates Winners And Losers

Residents in Memphis, Tenn., are thrilled that Swedish appliance giant Electrolux is opening a new factory there this year. The company plans to employ 1,200 people at the new, high-tech facility. But in Webster, Iowa, an Electrolux plant closure in 2011 has left the local economy reeling.