Sitt Says J.C. Penney Has to Consider Going Private

April 9 (Bloomberg) -- Joseph Sitt, founder and chief executive officer of Thor Equities LLC, talks about the ouster of J.C. Penney & Co. Chief Executive Officer Ron Johnson, the reinstatement of his predecessor Myron Ullman III and the outlook for the retail industry. Sitt speaks with Betty Liu on Bloomberg Television's "In the Loop." (Source: Bloomberg)
Pirelli on Track for Chinese Takeover
08:36 - Pirelli is on course to be taken over by ChinaChem - a state-owned chemical giant that makes everything from pesticides to latex to resins for plastics. The deal could bolster the Italian tire maker’s presence in the industrial market and value it at 7.4 billion euros, while continuing to manufacture high-end car tires for elite brands like Ferrari, McLaren and Bentley. Bloomberg's Eric Johnson reports. (Source: Bloomberg)
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