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Wednesday, April 7, 2010 as of 11:14 AM ET

Myron Ullman

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Fed Names Chairs Of 12 Federal Reserve Banks

The Federal Reserve Board named the chairs and deputy chairs of the 12 Federal Reserve banks for 2012 on Monday, including several chief executive officers of U.

S. corporations. Among the CEOs named on Monday are Mary Brainerd of HealthPartners, to chair the Minneapolis Fed; Myron Ullman of J.C. Penney Company, Inc., renamed deputy chair of the Dallas Fed; and Alfred Rankin of NACCO Industries, Inc., renamed to chair the Cleveland Fed. Chairs and deputy chairs sit on each bank's nine-member board, which provide advice to the banks but don't have policymaking power.Copyright © 2011 MarketWatch, Inc....

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  1. Stores Hone Strategies for Holiday Shoppers

    Reuters is taking a close look at a handful of retailers through the holiday shopping season, starting with a snapshot of their strategies and then monitoring how th...

  2. JC Penney gives weak profit view; shares dip

    By Phil WahbaNEW YORK (Reuters) - J.C. Penney Co Inc forecast a full-year profit below Wall Street expectations and stoked concerns that it may need further discount...

  3. Penney profit beats, outlook weak

    * Shares down 1.7 percent (Adds CEO comment, Dillard's, updates shares)By Phil WahbaNEW YORK (Reuters) - J.C. Penney Co Inc reported stronger-than-expected quarterly...

  4. J.C. Penney Posts 2Q Profit; Shares Down On Weak View

    DOW JONES NEWSWIRESJ.C. Penney Co. ( JCP ) swung to the black in its fiscal second-quarter after prior-year pension effects, but the department-store operator contin...

  5. PREVIEW-UPDATE 1-US July retail sales to reflect renewed anxiety

    By Phil WahbaNEW YORK (Reuters) - U.S. retailers look set to report only a modest improvement in sales for July as anxious consumers cut down on their spending and b...

  1. Liz Claiborne Sells Off Namesake Brand, Ponders Name Change

    Liz Claiborne (NYSE:LIZ) has sold off its namesake brand to J.C. Penney (NYSE:JCP) for $267.5 million and says it will likely change the company's name as it focuses...

  2. Holiday retail sales seen tepid

    By Phil Wahba(Reuters) - Retailers may face more moderate sales gains this holiday season as persistently high unemployment and higher gas and grocery prices prompt ...

  3. J.C. Penney Posts Flat 2Q Results, Outlook Tepid

    JC Penney (NYSE:JCP) disclosed flat second-quarter earnings amid slumping sales and issued tepid third-quarter guidance on Friday, sending the department-store opera...

  4. J.C. Penney CEO to Leave in November

    J.C. Penney (NYSE:JCP) said Monday CEO Myron "Mike" Ullman will fully exit the department store chain in February, ending a three-month transition period for former ...

  5. Penney CEO Ullman to leave company in 2012

    NEW YORK (Reuters) - J.C. Penney Co Inc <JCP.N> said Chief Executive Officer Myron Ullman will leave the retailer and step down from its board in February.The news c...

  6. New J.C. Penney CEO to have limited role: report

    CHICAGO (Reuters) - Ron Johnson, Apple's senior vice president of retail, will have a limited role is his new job as chief executive of J.C. Penney Co Inc, the Wall ...

  7. J.C. Penney 4Q Tops Views. As Does Full-Year Outlook

    J.C. Penney (NYSE:JCP) unveiled fourth-quarter results on Friday that just narrowly exceeded Wall Street's expectations, but the department-store operator's financia...

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