"Until J.C. Penney starts carrying clothing I can and want to wear, I will not be back."

The management shakeup at Procter & Gamble (PG) that put former CEO A.G. Lafley back at the helm follows what's starting to look like the standard play: When sales stall or a turnaround sputters, punt and give the ball back to the old boss. It's what J.C. Penney (JCP) did last month when it fired CEO Ron Johnson less than ...

It?s a rare move to bring back a CEO to run a struggling company. Procter & Gamble and J.C. Penney will offer new test cases of whether it?s a good idea. It won?t be easy, past experience suggests?though leaders like Steve Jobs and Harold Schultz have carried it off brilliantly

Procter & Gamble Co.(NYSE: PG) CEO, Bob McDonald is out. His predecessor, A.G. Lafley, is back, according to Bloomberg. And, over at J.C.

A $7 billion antitrust settlement over credit-card processing fees that critics say would make things worse for retailers suffered another insult today as Target, Macy's and J.C. Penney filed their own lawsuit accusing Visa and Mastercard of generating monopoly profits at their expense.