William Ackman’s throwing in the towel at J.C. Penney Co. Inc.
The lightning rod activist investor arranged on Monday to sell his 39.1 million shares of Penney’s in a stock offering being underwritten by Citigroup — beginning the process that will end his dramatic three-year run as a central figure at the struggling company. The stake represents 17.7 percent of Penney’s stock.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)