Content about William Ackman

New York -- William Ackman, founder and CEO of Pershing Square Capital Management, said that J.C. Penney Co. should start to see “real progress” in early 2013. Ackman made his comments in an interview Tuesday on CNBC’s “Squawk Box.” Pershing Square owns about 18% of J.C. Penney.

New York City -- A Thursday report in the New York Times said that activist investor William A. Ackman is pondering whether or not to raise capital for a new fund through an initial public offering.

Citing people familiar with the matter, the Times said that the head of Pershing Square Capital Management is planning to raise billions of dollars for a closed-end fund that would be listed on an exchange, but that the firm itself would not go public.

Matthews, N.C. -- Activist investor William Ackman on Thursday disclosed ownership of an 8.9% stake in Family Dollar, according to a regulatory filing.

The investment makes Ackman and his Pershing Square Capital Management investment fund the largest owner of Family Dollar stock, increasing his holdings from 4.7% to the nearly 9%.
 

Minneapolis -- Target Corp. on Wednesday reported that its net income in the first quarter rise 2.7% to $689 million, up from $671 million in the year-ago period. Its results, which beat Street expectations, were boosted by its credit-card business as sales came in weaker than expected.

Total revenue in the quarter, ended April 30, rose 2.2% to $15.9 billion.

Same-store sales rose 2%. Analysts expected revenue of $16.02 billion.

Dallas -- J.C. Penney on Monday unveiled a restructuring plan, which includes close five department stores and one home store, because they are no longer profitable enough. The retailer named William Ackman to its board after the activist investor became its biggest shareholder

Some are entrepreneurs who built their companies from the ground up, turning one idea into a billion-dollar global empire. Some came up through the ranks, earning the trust and admiration of those around them with each passing year. And still others came in later — hired guns — bringing with them an expertise and skill set that sets them apart. All are alike in their ability to create new opportunities and take their businesses to the next level — no easy feat in today’s marketplace.

Plano, Texas -- J.C. Penney said Monday that it has adopted a shareholder rights plan, or so-called poison pill, in light of "recent rapid accumulations of a significant percentage of the company's outstanding common stock." The plan has a term of one year. The rights have a 10% trigger.

The news follows the announcement that activist investor Bill Ackman's Pershing Square Capital Management and real estate firm Vornado Realty Trust recently disclosed a 16.5% and 9.9% stake each in the retailer.