Ackman gone, but J.C. Penney's problems remai no

Plano, Texas (AP) - the conference room play may be over, but JC Penney company still faces an uncertain future. William ackman has stepped down as JC Penney's board of directors as part of the deal, to solve an unusual public activist investors and struggling battle between department store operators. Mr Ackman's distracted Penney company provide some short-term relief, but it is trying to solve its ailing business, and the key to back to school sales season. But investors pushed the company's share price fell on Tuesday, because they fear that Penney's struggle for a long time, its business throughout. The fall in the share of reflecting worry that Mr Ackermann may sell shares. Mr Ackman of Pershing square capital management is a 17.7% stake in Penney company's largest shareholder. CNBC quoted Mr Ackermann said he has no immediate plans to sell. "(penny) have the sting out of their post, but they are the real losers, in here," said Charles Mr Coulson

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