J.C. Penney acquired a five-year $1.75 billion loan from Goldman Sachs as the struggling company looks to strengthen its finances.
The news came about two weeks after J.C. Penney announced it had drawn $850 million from a $1.85 billion credit line. The loan, secured by its real estate and other assets, can be used to fund ongoing working capital requirements, the retailer said Monday.
What: 2013 NHL Playoff Schedule Release
When: Sunday, April 28 at 11 p.m. ET
Watch: NHL Network
The Kings still played hard enough to head into their Stanley Cup defense with one more win.
Justin Williams scored in the third period, Jonathan Quick made 23 saves, and the Kings wrapped up the fifth playoff seed in the Western Conference with a 3-2 victory Saturday night.
The Buck & Under menu will offer value options at a range of price points. New offerings include 11 items starting as low as 50 cents for a Mini Cheese Quesadilla or a Value Bean-and-Cheese Burrito. Seventy-five cent items include a Bacon Quesadilla and a Crunchy Chipotle Beef Taco. Topping the Buck & Under price range are $1 items like a Half-Pound Bean-and-Cheese Burrito, a Double Beef Classic Taco and Real Strawberry Lemonade.
The second new menu platform is dubbed the New Tastes section and features three new products ranging from $1.29 to $1.59. The Bacon Ranch Grilled Chicken Taco includes grilled chicken, ranch sauce and bacon. A Chili Cheese Fry Burrito is stuffed with chili, French fries and cheese sauce. And a Fiery Six-Layer Burrito includes tortillas layered with nacho cheese, taco meat, Cheddar, sour cream and jalapenos.
New Tastes items will rotate, and those that win favor among consumers may be added to the core menu.
“Our mentality is that it’s all about the customer,” Cappasola said. “If the customers are enjoying and loving these items, they’ll stay. We’re not going to tease them out and pull them back.
“One of the great things about being a smaller chain is that we can be fast and nimble,” he added. “We can listen to customers.”
A new marketing campaign with the tagline “UnFreshingBelievable,” which underscores the “fresh-for-less” positioning, will promote the new menu offers.
On Thursday, quarterback Geno Smith left Radio City Music Hall without being drafted in the first round, and that was one of the biggest stories of the day.
On Friday, it was quarterback Matt Barkley's turn. His free fall is no surprise....he sucks
Barkley, at one point, was projected to go early in the first round of a loaded 2012 NFL draft, maybe in the top 10. He decided to come back to USC for his senior year. Now, three rounds have been completed in a quarterback-weak 2013 NFL draft, and Barkley is still on the board.
Barkley's draft stock dropped after a disappointing senior season, which ended with a shoulder injury, but it's shocking that he will have to wait for the third day of the draft to hear his name called.
Jacksonville might be the NFL team with the most dire need of a quarterback, and it has the first pick on Saturday when the draft resumes. That could be Barkley's landing spot, but other good quarterbacks remain, like Syracuse's Ryan Nassib and Arkansas' Tyler Wilson. E.J. Manuel was the only quarterback taken in the first round on Thursday, and Smith and Mike Glennon were the only quarterbacks selected on Friday.
The rest of the second and third rounds on Day 2 of the NFL draft were heavy on skill position talent, which was a departure from Thursday's lineman-filled first round.
TD Five Boro Bike Tour officials said Friday backpacks, saddlebags, panniers and hydration packs will not be permitted at this year's tour on May 5.
Organizers said checkpoints along the route will be set up to ensure compliance with the new rules. Confiscated items won't be returned.
Organizers say water bottles, fanny packs and small bike frame bags will be permitted.
About 32,000 riders participate in the annual bike tour across the city. A gathering on Staten Island at the end of the tour will only be open to registered riders.
Have you been experiencing Twinkie withdrawal since the product left store shelves last year? We have good news for you.
Twinkies will return sometime in July. The company that bought Hostess says it will reopen a closed Hostess plant in Columbus, Georgia this summer.
Other treats, like Hostess Cupcakes, Ho-Hos and Ding Dongs will also return.
The company that bought Hostess paid $410-million for the bankrupt Twinkie maker and Dolly Madison brand.
Amazon is making e-readers and tablets and will likely soon introduce a smartphone. As it works to build all types of connected devices, that leaves a natural next step: a television set-top box. The e-commerce giant is planning to introduce a device this fall dedicated to streaming video over the Internet and into its customers’ living rooms, according to three people familiar with the project who aren’t authorized to discuss it.
They say the box will plug into TVs and give users access to Amazon’s expanding video offerings. Those include its à la carte Video on Demand store, which features newer films and TV shows, and its Instant Video service, which is free for subscribers to the Amazon Prime two-day shipping package. The Amazon set-top box will compete with similar products, such as the Roku, Apple TV, and the Boxee Cloud DVR, along with more versatile devices such as the Playstation 3 and the Xbox. An Amazon spokesperson declined to comment.
Many other set-top devices already give their users access to Amazon’s video catalog. By building its own system, Amazon can put its content more directly in front of consumers while expanding its lineup of devices and giving developers another reason to create apps for Amazon’s digital ecosystem.
Bolstered by the hype generated for its spicy ketchup, Whataburger has decided to start bottling the stuff. The burger chain will partner with HEB stores to sell it this summer. They'll sell the regular ketchup and mustard as well, and they are introducing a new potato chip product called Whatafries.
The ketchup will come in 20-ounce bottles; the mustard will be in a 16-ounce bottle. According to Whataburger, its mustard is a "one-of-a-kind" recipe dating back to the 1950s.
They are dubbing Whatafries a potato chip version of the their French fries, and they are crowing about the fact that they're made from real potatoes. Those will be sold in 7.4-ounce bags.
In other condiment news, the spicy ketchup will graduate from its previous limited-edition status to become available permanently at every one of its 740-plus restaurants in its 10-state service area.
Whataburger has gotten a lot of mileage from its spicy ketchup. The restaurant chain first released the not-really-that-spicy? condiment In 2012 for a limited time, which helped ramp up the furor. When it went away, customers did what they usually do these days: created a Facebook page. Whataburger reissued in MArch 2013 — which apparently resuscitated the enthusiasm sufficiently to persuade them to add it to the regular lineup.
As for the mustard, is it really one-of-a-kind? I can think of lots of mustards that are distinctive, but the Whataburger mustard doesn't seem that special.
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