J.C. Penney Spent $170M to Install Johnson Execs

May 3 (Bloomberg) -- Ron Johnson’s tenure at J.C. Penney will long be associated with a 25 percent sales plunge. Lost amid the criticism since his departure last month is the $170 million it cost to install Johnson and his top three executives. Sheila Dharmarajan reports on Bloomberg Television's "Street Smart." (Source: Bloomberg)

Why NXP Buy Is a Defensive Move for Qualcomm
00:58 - Qualcomm Inc., the largest maker of mobile-phone chips, will acquire NXP Semiconductors NV in a transaction valued at $47 billion, aiming to speed an expansion into new industries and reduce its dependence on the smartphone market. Bloomberg Intelligence's Ananad Srinivasan reports on "Bloomberg Markets: European Close." (Source: Bloomberg)
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