J.C. Penney, Ackman in talks to resolve dispute

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J.C. Penney, Ackman in talks to resolve dispute

Wochit 0:52 mins

J.C. Penney Company and hedge fund Pershing Square's Bill Ackman are in talks to resolve their dispute over the leadership of the U.S. retailer. A final deal has not yet been reached and talks could still fall apart. Serial entrepreneur and electric car magnate Elon Musk said he was willing to build a prototypical version of a ?hyperloop,? the theoretical plan for high-speed transportation up and down the United States? West Coast. Tesla CEO Elon Musk unveiled the details of his superfast transportation system, Hyperloop, that would be a solar-powered system between cities that could take passengers or cars -- much like a ferry system- only much much faster.

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