Fundraising | featured news

J.C. Penney has hired bankers at Blackstone for advice on shoring up its fast-eroding cash. The company is seeking to raise about $1 billion. Bond analysts don't think Penney's operations will be able to generate enough cash to cover the company's needs beyond a year, putting pressure on new Chief Executive Myron "Mike" Ullman to cut costs and look for ways to raise new capital even as he tries to get more shoppers into stores.

The Democratic National Committee raised about $5.5 million in August, its worst fundraising month of the year, down from $6.7 million in July, according to figures provided by Democratic officials on Saturday and Federal Election Commission filings.

The RNC inadvertently lists a phone-sex number on a fundraising letter sent to potential donors.

Getting aid to Haiti right away to save lives is the first goal of the fund-raising initiative headed by George W. Bush and Bill Clinton, the two former U.S. presidents say.

Senate hopefuls post strong totals, putting them in position to try to halt party's losing streak.