JC Penney is airing a new TV ad saying it made mistakes and wants former customers back. The department store chain is reeling from a massive sales plunge. Former CEO Ron Johnson ditched discounts, axed popular brands and stocked shelves with products aimed at younger shoppers instead.
Meantime Pepsico is pulling a Mountain Dew ad, developed by rapper Tyler. Pepsico is apologizing, according to AP, after complaints that the ad was racist and made light of violence toward women. The ad showed a battered white woman trying to identify a suspect out of a group of a lineup of black men and a goat.
And General Motors is apologizing for a Chevy ad that referred to the land of Fu Manchu where all the girls sing "ching ching chop suey." GM says it's deeply sorry if anyone was offended by the ad for the Chevy Trax Sport Utility vehicle.
Facebook is upgrading its status with investors. It's out with better-than-expected sales -- and making more money from mobile ads.
And the person hurting your career -- may be the one in charge of promoting you. A new Glassdoor survey says one in five employees report their direct managers have had a negative impact on their career, by doing things like blocking promotions and pay raises. To be fair -- just over half do say their boss has had a positive impact on their job.