The JC Penney results are a boon for new chief executive Marvin Ellison as he works to continue the turnaround started by predecessor Mike Ullman

JC Penney surged after posting a second-quarter loss that was smaller than analysts estimated and saying the back-to-school shopping season was off to(...)

Ron Johnson, left, with co-workers. His company, Enjoy, is hoping to knock Amazon off its perch as the leader of online shopping. photograph: peter earl mccollough/new york times

There are two ways for start-ups to take on Amazon, the reigning monarch of US online shopping.One is to mount a frontal attack: Raise hundreds of mil(...)

Policemen extinguish a fire burning a police vehicle near the Ferguson City Hall, in Ferguson, Missouri. Photograph: Alexey Furman/EPA. 1:06

The police officer involved in the shooting of teenager Michael Brown in Ferguson, Missouri has said he has a clean conscience over the incident. Darr(...)

The Rev Al Sharpton delivers the eulogy during funeral services for Michael Brown at the Friendly Temple Missionary Baptist Church, St Louis, Missouri, USA last night. Photograph: EPA 2:05

Family and supporters of Michael Brown last night celebrated the life of the black teenager killed by a white police officer in Ferguson, Missouri, in(...)

 Demonstrators protest the shooting death of Michael Brown in Ferguson, Missouri, USA last night. The National Guard is to withdraw from Ferguson as nearly two weeks of  protests have finally waned. Photograph: Larry W Smith/EPA.

Missouri’s governor has ordered National Guard troops to withdraw from the riot-weary town of Ferguson as tensions ease after nearly two weeks of rac(...)

Demonstrators protest yesterday outside of the Buzz Westfall Justice Centre where a grand jury will begin looking at the circumstances surrounding the fatal police shooting of unarmed teenager Michael Brown by a Ferguson, Missouri, police officer on August 9th. Photograph: Scott Olson/Getty Images

The investigation into the killing by a police officer of an unarmed Missouri teenager has been thrown into uncertainty with a tussle between the sta(...)

Demonstrators hold up a sign  reflecting the protester chant of ‘Don’t shoot’ during a rally in Ferguson, Missouri, over the killing earlier this month of teenager Michael Brown.  Despite the Brown family’s continued call for peaceful demonstrations, violent protests have erupted nearly every night in Ferguson since his death. Photograph: Scott Olson/Getty Images 1:06

Neglecting lessons of past civil disturbances such as the 1992 Rodney King riots in Los Angeles, police inflamed tensions that have fuelled more than(...)

Demonstrators react as police fire tear gas at them as they protest the fatal shooting  of Michael Brown  in Ferguson, Missouri. Police sprayed pepper spray, shot smoke, gas and flash grenades as violent outbreaks have taken place in Ferguson since the shooting by a  police officer on August 9th. Photograph:  Joe Raedle/Getty Images. 1:06

Missouri governor Jay Nixon lifted the curfew for the St Louis suburb of Ferguson tonight and began deploying National Guard troops to help quell days(...)

The Rev Al Sharpton speaks at the Greater St Mark church in Ferguson, Missouri, yesterday  as the community seeks answers about the police shooting of Michael Brown. Photograph: Joe Raedle/Getty Images

The governor of Missouri, Jay Nixon, yesterday effectively blamed the local police chief in Ferguson for the renewed violence in the city at the weeke(...)

Jacob “Jack” Lew, US treasury secretary.   Mr Lew has urged members of Congress  to pass legislation immediately to stop US companies from shifting their legal addresses overseas

The Obama administration has added its voice to the growing chorus of criticism of US companies shifting their legal addresses overseas, in many cases(...)