What Goldman's $1.75B Loan Means for J.C. Penney

April 29 (Bloomberg) -- J.C. Penney Co. CEO Myron Ullman received a $1.75 billion loan commitment from Goldman Sachs and has been raising some prices as he works to stanch the retailer’s cash drain. Sheila Dharmarajan reports on Bloomberg Television's "Money Moves." (Source: Bloomberg)

Former Yellen Adviser Says Recession a ‘Live Possibility’
09:52 - Chair Janet Yellen said the Federal Reserve still expects to raise interest rates gradually while making it clear that continued market turmoil could throw the central bank off course from the multiple increases that policy makers have forecast for 2016. Andrew Levin, an economics professor at Dartmouth College in Hanover, New Hampshire, and a former policy adviser to Yellen when she was the Fed vice chair, speaks to Bloomberg’s Manus Cranny and Anna Edwards on “Countdown.”
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