As every wayward significant other knows, it all starts with an apology -- and that's what J.C. Penney is doing to the customers who felt jilted by the gone-and-unlamented CEO Ron Johnson's attempts to woo a younger, more urbane consumer.

Tom Wheeler, who headed two industry trade organizations and gracefully wears the title "ultimate D.C. insider," is widely reported to be President Barack Obama's choice as the next chairman of the Federal Communications Commission. The announcement is expected to come later today.