Oct 2, 2018

J.C. Penney names Jill Soltau as new CEO

Photo: Drew Angerer via Getty Images

J.C. Penney has named ex-Joann Fabric Stores CEO Jill Soltau as its new chief executive, effective on October 15th.

Why it matters: JCPenney has been under pressure to replace its top executive since June, when former CEO Marvin Ellison left to run Lowe's. Soltau, who has worked other retailers like Shopko, Sears, and Kohl's, has a big job ahead of her to drive a revival of the struggling department store.

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Syria's darkest chapter

Family room without a family, in Idlib. Photo: Muhammed Said/Anadolu Agency via Getty Images

The worst humanitarian crisis of Syriaโ€™s brutal civil war is colliding today with what could be the warโ€™s most dangerous geopolitical showdown, after at least 29 Turkish troops were killed in an airstrike.

The big picture: The fighting is taking place in Idlib in northwest Syria, where a ferocious Syrian and Russian offensive has displaced 1 million civilians and infuriated Turkey, which borders the region.

Go deeperArrow22 mins ago - World

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Fear of coronavirus pandemic escalates

Photo: Abdulgani Basheer/AFP/Getty Images

In the blink of an eye, we've entered a new phase on the coronavirus.

The big picture: Italy, Iran and South Korea are at "decisive" points in their responses, the World Health Organization said on Thursday.

Go deeperArrow3 hours ago - Health