J.C. Penney CEO Admits Pricing, Marketing Mistakes

Aug. 10 (Bloomberg) -- Bloomberg's Sheila Dharmarajan reports that J.C. Penney CEO Ron Johnson acknowledges mistakes made in pricing and marketing as he spoke today on the company’s earnings call. J.C. Penney reported a second-quarter loss wider than expected and cut its annual profit forecast. She speaks on Bloomberg Television's "In The Loop."

Philippines Holds Key Rate at Three Percent
59:44 - Philippine Central Bank Governor Amando Tetangco discusses monetary policy, inflation and the economy. He speaks on "Bloomberg Markets." (Source: Bloomberg)
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