J.C. Penney (JCP) CEO Myron Ullman has reached out to Macy's (M) CEO Terry Lundgren to try to...

|About: J.C. Penney Company Inc. (JCP)|By:, SA News Editor

J.C. Penney (JCP) CEO Myron Ullman has reached out to Macy's (M) CEO Terry Lundgren to try to settle their legal dispute, according to The New York Post. A negotiated truce - which may be announced sometime this week - could include the retailer scrapping its 10-year deal with Martha Stewart Living Omnimedia and put an end to the trial raging in NYC.