J.C. Penney has moved from "buying to store capacity" to "buying and chasing" into demonstrated sales trends, says CFO Jeffrey Davis.
CEO Jeff Gennette says the retailer's strategic initiatives are starting to gain traction.
The company crushed earnings forecasts and called the Trump administration's tariffs on lumber and appliances "manageable."
Wells headed finance for eight years, but intends his "next chapter to focus more on philanthropy."
About 41% of the publicly held, global soup-maker is still held by family members, who have resisted a sale in the past.
Rite Aid shares fall amid questions about the pharmacy company's ability to compete with larger, well-capitalized rivals.
The $2.6 billion deal, which diversifies Starwood away from commercial mortgages, includes 51 senior loans secured by energy infrastructure assets.
Zillow Group makes a push into mortgage originations but also announces a small loss and disappointing revenue numbers in some product segments.
The bank also says it is facing multiple inquiries over its use of federal low-income housing tax credits.
The specialty retailer will close all of its mall locations but keep open its airport locations while seeking a buyer.